Stag Industrial (STAG) Cut to Sell at Zacks Investment Research

Zacks Investment Research cut shares of Stag Industrial (NYSE:STAG) from a hold rating to a sell rating in a research report released on Tuesday morning.

According to Zacks, “STAG Industrial, Inc. operates as a real estate company focused on the acquisition, ownership and management of single-tenant industrial properties throughout the United States. STAG Industrial, Inc. is based in United States. “

Separately, Raymond James decreased their target price on shares of Stag Industrial from $29.50 to $28.50 and set an outperform rating for the company in a research note on Monday, November 5th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of Hold and a consensus target price of $28.25.

NYSE STAG opened at $27.03 on Tuesday. The stock has a market cap of $2.86 billion, a price-to-earnings ratio of 15.99, a P/E/G ratio of 2.98 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 EPS for the quarter, missing the Thomson Reuters’ 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 firm had revenue of $89.00 million for the quarter, compared to analysts’ expectations of $87.49 million. During the same quarter last year, the firm posted $0.43 earnings per share. Stag Industrial’s quarterly revenue was up 14.0% on a year-over-year basis. Analysts forecast that Stag Industrial will post 1.77 EPS for the current year.

The company also recently declared a dividend, which will be paid on Monday, December 17th. Stockholders of record on Friday, November 30th will be issued a dividend of $0.118 per share. The ex-dividend date is Thursday, November 29th. This is a positive change from Stag Industrial’s previous dividend of $0.12. Stag Industrial’s payout ratio is currently 84.02%.

A number of hedge funds have recently bought and sold shares of STAG. Point72 Hong Kong Ltd boosted its holdings in Stag Industrial by 161.6% in the 3rd quarter. Point72 Hong Kong Ltd now owns 3,922 shares of the real estate investment trust’s stock valued at $108,000 after purchasing an additional 2,423 shares during the period. Canton Hathaway LLC acquired a new stake in Stag Industrial in the 3rd quarter valued at about $140,000. First Hawaiian Bank bought a new position in shares of Stag Industrial in the 3rd quarter valued at about $148,000. Clear Harbor Asset Management LLC bought a new position in shares of Stag Industrial in the 2nd quarter valued at about $201,000. Finally, Private Advisor Group LLC bought a new position in Stag Industrial during the 2nd quarter worth approximately $212,000. 83.61% of the stock is owned by institutional investors.

Stag Industrial Company Profile

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.

See Also: Systematic Risk and Investors

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