Zacks Investment Research Downgrades STAG Industrial (NYSE:STAG) to Hold

STAG Industrial (NYSE:STAG) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Thursday, Zacks.com reports.

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. “

Several other equities research analysts have also recently commented on the stock. Royal Bank of Canada boosted their price objective on shares of STAG Industrial from $46.00 to $50.00 and gave the company an “outperform” rating in a research report on Monday, November 8th. Raymond James boosted their price objective on shares of STAG Industrial from $47.00 to $50.00 and gave the company an “outperform” rating in a research report on Monday, January 10th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, STAG Industrial presently has a consensus rating of “Buy” and a consensus price target of $47.00.

Shares of NYSE STAG opened at $43.59 on Thursday. The company’s fifty day moving average is $44.44 and its 200-day moving average is $42.34. The stock has a market cap of $7.40 billion, a price-to-earnings ratio of 34.60, a P/E/G ratio of 4.00 and a beta of 0.94. STAG Industrial has a twelve month low of $29.40 and a twelve month high of $48.27. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.65.

STAG Industrial (NYSE:STAG) last announced its quarterly earnings results on Thursday, October 28th. The real estate investment trust reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.21). The firm had revenue of $142.11 million for the quarter, compared to the consensus estimate of $140.41 million. STAG Industrial had a return on equity of 7.28% and a net margin of 37.23%. The company’s revenue for the quarter was up 19.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.46 earnings per share. On average, research analysts anticipate that STAG Industrial will post 2.05 EPS for the current fiscal year.

A number of large investors have recently modified their holdings of STAG. Marshall Wace North America L.P. bought a new stake in STAG Industrial during the 1st quarter worth about $36,000. First Trust Advisors LP lifted its position in STAG Industrial by 88.7% during the 1st quarter. First Trust Advisors LP now owns 82,198 shares of the real estate investment trust’s stock worth $2,437,000 after buying an additional 38,645 shares in the last quarter. WINTON GROUP Ltd bought a new stake in STAG Industrial during the 2nd quarter worth about $263,000. Rafferty Asset Management LLC lifted its position in STAG Industrial by 61.4% during the 2nd quarter. Rafferty Asset Management LLC now owns 12,673 shares of the real estate investment trust’s stock worth $474,000 after buying an additional 4,823 shares in the last quarter. Finally, Citigroup Inc. lifted its position in STAG Industrial by 1.9% during the 2nd quarter. Citigroup Inc. now owns 260,523 shares of the real estate investment trust’s stock worth $9,751,000 after buying an additional 4,892 shares in the last quarter. 82.87% of the stock is currently owned by hedge funds and other institutional investors.

STAG Industrial Company Profile

STAG Industrial, Inc is a real estate investment trust, which focuses on acquisition, ownership and operation of single-tenant, industrial properties throughout the United States. The company was founded by Benjamin S. Butcher on July 21, 2010 and is headquartered in Boston, MA.

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