Stag Industrial (NYSE:STAG) Upgraded at Wall Street Zen

Key Points

• Wall Street Zen upgraded Stag Industrial from “sell” to “hold.” Analysts’ overall consensus remains “hold,” with four buy ratings, five hold ratings and one sell rating, and an average price target of $40.70.
• STAG shares opened at $37.68, down 0.1%, while the company reported quarterly revenue of $224.37 million, up 8.1% year over year. However, earnings of $0.28 per share fell short of the $0.65 analyst consensus.
• Institutional investors and hedge funds own 88.67% of the stock, with several firms recently increasing their positions or initiating new stakes.

Stag Industrial (NYSE:STAG - Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a note issued to investors on Saturday, Wall Street Zen reports.

Other research analysts also recently issued research reports about the company. Weiss Ratings reissued a "buy (b-)" rating on shares of Stag Industrial in a research note on Friday, July 31st. Barclays increased their target price on shares of Stag Industrial from $38.00 to $41.00 and gave the stock an "underweight" rating in a report on Thursday, July 16th. Robert W. Baird raised shares of Stag Industrial from a "neutral" rating to an "outperform" rating and set a $42.00 price target on the stock in a report on Monday. Wells Fargo & Company decreased their price target on shares of Stag Industrial from $40.00 to $38.00 and set an "equal weight" rating on the stock in a report on Tuesday. Finally, Raymond James Financial initiated coverage on shares of Stag Industrial in a research report on Wednesday, June 17th. They issued an "outperform" rating and a $44.00 target price on the stock. Four equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $40.70.

Stag Industrial Trading Down 0.1%

Shares of STAG stock opened at $37.68 on Friday. The stock's fifty day moving average price is $38.44 and its two-hundred day moving average price is $38.24. The company has a market cap of $7.27 billion, a PE ratio of 28.98 and a beta of 0.95. Stag Industrial has a fifty-two week low of $34.40 and a fifty-two week high of $42.61. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.76 and a current ratio of 1.76.

Stag Industrial (NYSE:STAG - Get Free Report) last posted its quarterly earnings results on Tuesday, July 28th. The real estate investment trust reported $0.28 EPS for the quarter, missing analysts' consensus estimates of $0.65 by ($0.37). Stag Industrial had a return on equity of 6.79% and a net margin of 28.04%.The business had revenue of $224.37 million for the quarter, compared to analyst estimates of $223.04 million. During the same period last year, the firm posted $0.63 EPS. Stag Industrial's quarterly revenue was up 8.1% on a year-over-year basis. Equities analysts predict that Stag Industrial will post 2.63 EPS for the current fiscal year.

Institutional Trading of Stag Industrial

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Pacific Heights Asset Management LLC lifted its stake in shares of Stag Industrial by 25.0% in the fourth quarter. Pacific Heights Asset Management LLC now owns 500,000 shares of the real estate investment trust's stock worth $18,380,000 after acquiring an additional 100,000 shares during the period. Oppenheimer Asset Management Inc. acquired a new stake in Stag Industrial during the 2nd quarter valued at approximately $3,693,000. Bessemer Group Inc. raised its holdings in Stag Industrial by 8.0% during the 4th quarter. Bessemer Group Inc. now owns 834,733 shares of the real estate investment trust's stock worth $30,684,000 after purchasing an additional 61,675 shares during the last quarter. Renaissance Technologies LLC acquired a new position in shares of Stag Industrial in the 1st quarter worth approximately $3,444,000. Finally, Geode Capital Management LLC lifted its position in shares of Stag Industrial by 1.7% in the 4th quarter. Geode Capital Management LLC now owns 3,830,915 shares of the real estate investment trust's stock worth $140,851,000 after purchasing an additional 65,502 shares during the period. 88.67% of the stock is currently owned by institutional investors and hedge funds.

About Stag Industrial

Stag Industrial, Inc is a real estate investment trust (REIT) that specializes in the acquisition, ownership and operation of single-tenant industrial properties throughout the United States. The company's portfolio is focused on free-standing warehouses, distribution centers and light manufacturing facilities designed to meet the logistical needs of a diverse tenant base. By concentrating on properties with straightforward layouts and minimal common-area maintenance, Stag Industrial seeks to deliver stable rental income and attractive risk-adjusted returns for its shareholders.

Since its founding in 2010 and initial public offering in 2011, Stag Industrial has pursued a disciplined investment strategy centered on high-quality, well-located assets.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source