Stag Industrial (NYSE:STAG) had its target price cut by research analysts at Raymond James from $29.50 to $28.50 in a report released on Monday. The brokerage currently has an “outperform” rating on the real estate investment trust’s stock. Raymond James’ price target would suggest a potential upside of 9.24% from the company’s current price.
Separately, Zacks Investment Research cut shares of Stag Industrial from a “hold” rating to a “sell” rating in a research report on Wednesday, October 10th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Stag Industrial has a consensus rating of “Hold” and a consensus price target of $28.25.
STAG stock traded up $0.19 during trading on Monday, hitting $26.09. The company had a trading volume of 530,824 shares, compared to its average volume of 747,702. The company has a market capitalization of $2.71 billion, a P/E ratio of 15.44, a PEG ratio of 2.88 and a beta of 1.02. Stag Industrial has a fifty-two week low of $22.42 and a fifty-two week high of $29.07. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.89.
Stag Industrial (NYSE:STAG) last posted its quarterly earnings data on Thursday, November 1st. The real estate investment trust reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.38). Stag Industrial had a return on equity of 3.74% and a net margin of 14.96%. The company had revenue of $89.00 million during the quarter, compared to analyst estimates of $87.49 million. During the same period in the previous year, the company earned $0.43 EPS. The business’s revenue for the quarter was up 14.0% compared to the same quarter last year. Equities analysts anticipate that Stag Industrial will post 1.78 EPS for the current year.
A number of institutional investors have recently modified their holdings of STAG. Stifel Financial Corp acquired a new stake in Stag Industrial during the 1st quarter worth about $229,000. UBS Group AG raised its holdings in Stag Industrial by 4.4% during the 1st quarter. UBS Group AG now owns 100,479 shares of the real estate investment trust’s stock worth $2,404,000 after buying an additional 4,275 shares during the period. Royal Bank of Canada raised its holdings in Stag Industrial by 6.9% during the 1st quarter. Royal Bank of Canada now owns 212,090 shares of the real estate investment trust’s stock worth $5,073,000 after buying an additional 13,743 shares during the period. Xact Kapitalforvaltning AB acquired a new stake in Stag Industrial during the 1st quarter worth about $385,000. Finally, Boston Advisors LLC raised its holdings in Stag Industrial by 15.9% during the 2nd quarter. Boston Advisors LLC now owns 258,545 shares of the real estate investment trust’s stock worth $7,040,000 after buying an additional 35,475 shares during the period. Hedge funds and other institutional investors own 84.36% of the company’s stock.
About Stag Industrial
STAG Industrial, Inc is an industrial real estate operating company focused on the acquisition and operation of single-tenant, industrial properties throughout the United States. The Company was formed as a Maryland corporation and has elected to be treated and intends to continue to qualify as a real estate investment trust (REIT) under Sections 856 through 860 of the Internal Revenue Code of 1986, as amended.
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