Stag Industrial (NYSE:STAG) Given New $41.00 Price Target at Evercore ISI

Key Points

• Evercore ISI has raised its price target for Stag Industrial (NYSE:STAG) from $40.00 to $41.00, indicating a potential upside of 13.35% from the stock's previous close, and maintains an "outperform" rating.
• Royal Bank of Canada has set a $38.00 target price for Stag Industrial, contributing to a consensus rating of "Hold" among analysts and a price target of $38.33.
• Stag Industrial reported quarterly earnings hitting analyst estimates with $0.63 EPS and a revenue of $207.44 million, reflecting a 9.4% year-over-year increase.

Stag Industrial (NYSE:STAG - Get Free Report) had its price objective raised by research analysts at Evercore ISI from $40.00 to $41.00 in a research note issued on Monday, Marketbeat reports. The brokerage presently has an "outperform" rating on the real estate investment trust's stock. Evercore ISI's price target would suggest a potential upside of 17.25% from the stock's current price.

Separately, Royal Bank Of Canada reissued a "sector perform" rating and issued a $38.00 price objective on shares of Stag Industrial in a research note on Monday, May 19th. Two investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $38.33.

Stag Industrial Stock Performance

STAG traded down $0.53 during trading on Monday, reaching $34.97. 1,590,044 shares of the company's stock were exchanged, compared to its average volume of 1,457,845. Stag Industrial has a fifty-two week low of $28.61 and a fifty-two week high of $39.81. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.86. The business has a 50 day moving average price of $35.70 and a 200 day moving average price of $35.18. The company has a market capitalization of $6.53 billion, a P/E ratio of 27.53 and a beta of 0.94.

Stag Industrial (NYSE:STAG - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The real estate investment trust reported $0.63 EPS for the quarter, meeting the consensus estimate of $0.63. The business had revenue of $207.44 million for the quarter, compared to analyst estimates of $206.37 million. Stag Industrial had a return on equity of 6.71% and a net margin of 29.14%.Stag Industrial's quarterly revenue was up 9.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.61 EPS. As a group, analysts predict that Stag Industrial will post 2.47 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Benjamin S. Butcher sold 25,000 shares of the company's stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $36.91, for a total value of $922,750.00. Following the transaction, the director owned 7,562 shares in the company, valued at approximately $279,113.42. This represents a 76.78% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.10% of the company's stock.

Hedge Funds Weigh In On Stag Industrial

Institutional investors and hedge funds have recently made changes to their positions in the company. Private Trust Co. NA increased its position in Stag Industrial by 2,183.9% during the 2nd quarter. Private Trust Co. NA now owns 708 shares of the real estate investment trust's stock worth $26,000 after buying an additional 677 shares during the period. Versant Capital Management Inc grew its stake in shares of Stag Industrial by 204.9% in the first quarter. Versant Capital Management Inc now owns 753 shares of the real estate investment trust's stock valued at $27,000 after acquiring an additional 506 shares in the last quarter. Chung Wu Investment Group LLC acquired a new position in shares of Stag Industrial in the second quarter valued at about $29,000. Tsfg LLC acquired a new position in shares of Stag Industrial in the first quarter valued at about $32,000. Finally, Garde Capital Inc. acquired a new position in shares of Stag Industrial during the 1st quarter worth approximately $33,000. Institutional investors and hedge funds own 88.67% of the company's stock.

Stag Industrial Company Profile

STAG Industrial, Inc is a real estate investment company, which engages in acquiring, owning, and managing single-tenant, industrial real estate assets. It offers industrial real estate operating platform to real estate ownership. The company was founded by Benjamin S. Butcher on July 21, 2010 and is headquartered in Boston, MA.