Cantor Fitzgerald set a $29.00 target price on Stag Industrial (NYSE:STAG) in a report issued on Thursday. The brokerage currently has a hold rating on the real estate investment trust’s stock.
A number of other research analysts also recently commented on the company. TheStreet downgraded Stag Industrial from a b- rating to a c+ rating in a report on Tuesday, December 19th. JPMorgan Chase & Co. raised Stag Industrial from a neutral rating to an overweight rating and set a $30.00 target price on the stock in a report on Friday, December 15th. Ladenburg Thalmann Financial Services reaffirmed a buy rating on shares of Stag Industrial in a report on Friday, November 3rd. BidaskClub raised Stag Industrial from a strong sell rating to a sell rating in a report on Saturday, November 4th. Finally, ValuEngine downgraded Stag Industrial from a buy rating to a hold rating in a report on Friday, February 2nd. Two research analysts have rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the company. The company currently has a consensus rating of Hold and a consensus price target of $29.44.
Stag Industrial (NYSE:STAG) opened at $24.03 on Thursday. The company has a market capitalization of $2,336.56, a PE ratio of 109.23, a P/E/G ratio of 2.55 and a beta of 1.09. Stag Industrial has a 1-year low of $22.42 and a 1-year high of $28.95. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.62.
Stag Industrial (NYSE:STAG) last issued its quarterly earnings results on Thursday, February 15th. The real estate investment trust reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.42. The firm had revenue of $81.30 million during the quarter, compared to the consensus estimate of $79.83 million. Stag Industrial had a return on equity of 3.03% and a net margin of 10.38%. Stag Industrial’s revenue for the quarter was up 22.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.42 earnings per share. equities analysts forecast that Stag Industrial will post 1.81 EPS for the current fiscal year.
In other Stag Industrial news, CFO William R. Crooker sold 31,889 shares of the stock in a transaction that occurred on Friday, January 5th. The stock was sold at an average price of $26.41, for a total transaction of $842,188.49. Following the transaction, the chief financial officer now owns 46,493 shares of the company’s stock, valued at approximately $1,227,880.13. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, COO Stephen C. Mecke sold 30,000 shares of the firm’s stock in a transaction that occurred on Friday, January 5th. The stock was sold at an average price of $26.41, for a total value of $792,300.00. Following the completion of the sale, the chief operating officer now directly owns 32,000 shares in the company, valued at approximately $845,120. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 165,069 shares of company stock worth $4,359,472. 2.00% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. State Street Corp lifted its holdings in shares of Stag Industrial by 11.9% in the 2nd quarter. State Street Corp now owns 1,895,836 shares of the real estate investment trust’s stock worth $52,324,000 after purchasing an additional 200,955 shares during the last quarter. San Francisco Sentry Investment Group CA lifted its holdings in shares of Stag Industrial by 180.6% in the 3rd quarter. San Francisco Sentry Investment Group CA now owns 11,854 shares of the real estate investment trust’s stock worth $326,000 after purchasing an additional 7,630 shares during the last quarter. Dana Investment Advisors Inc. bought a new stake in shares of Stag Industrial in the 3rd quarter worth approximately $2,219,000. Dimensional Fund Advisors LP lifted its holdings in shares of Stag Industrial by 11.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,159,878 shares of the real estate investment trust’s stock worth $32,012,000 after purchasing an additional 116,002 shares during the last quarter. Finally, IndexIQ Advisors LLC lifted its holdings in shares of Stag Industrial by 5.2% in the 3rd quarter. IndexIQ Advisors LLC now owns 112,847 shares of the real estate investment trust’s stock worth $3,100,000 after purchasing an additional 5,617 shares during the last quarter. 81.92% of the stock is currently owned by institutional investors and hedge funds.
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About Stag Industrial
STAG Industrial, Inc is a real estate investment trust. The Company is focused on the acquisition, ownership, and operation of single-tenant, industrial properties across the United States. As of December 31, 2016, the Company owned 314 buildings in 37 states with approximately 60.9 million rentable square feet, consisting of 243 warehouse/distribution buildings, 54 light manufacturing buildings, 16 flex/office buildings, and one building in redevelopment.
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