Evercore ISI Issues Positive Forecast for Stag Industrial (NYSE:STAG) Stock Price

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 stock analysts at Evercore ISI from $40.00 to $41.00 in a research note issued on Monday,Benzinga reports. The firm currently has an "outperform" rating on the real estate investment trust's stock. Evercore ISI's target price would indicate a potential upside of 13.35% from the stock's previous close.

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

Stag Industrial Stock Performance

Shares of NYSE STAG traded down $0.09 during midday trading on Monday, reaching $36.17. The company's stock had a trading volume of 65,528 shares, compared to its average volume of 1,446,260. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.31 and a quick ratio of 1.31. The stock has a market capitalization of $6.75 billion, a P/E ratio of 28.49 and a beta of 0.94. The firm has a 50 day moving average price of $35.74 and a 200-day moving average price of $35.18. Stag Industrial has a 12-month low of $28.61 and a 12-month high of $40.40.

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

Insider Buying and Selling at Stag Industrial

In other Stag Industrial news, Director Benjamin S. Butcher sold 25,000 shares of the firm's stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $36.91, for a total transaction of $922,750.00. Following the completion of the transaction, the director owned 7,562 shares of the company's stock, valued at approximately $279,113.42. This trade represents a 76.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.10% of the company's stock.

Institutional Investors Weigh In On Stag Industrial

Several institutional investors and hedge funds have recently made changes to their positions in STAG. Norges Bank bought a new stake in shares of Stag Industrial during the second quarter valued at approximately $282,893,000. Nuveen LLC bought a new stake in shares of Stag Industrial during the first quarter valued at approximately $129,972,000. Cbre Investment Management Listed Real Assets LLC increased its position in shares of Stag Industrial by 82.3% during the second quarter. Cbre Investment Management Listed Real Assets LLC now owns 3,533,588 shares of the real estate investment trust's stock valued at $128,199,000 after acquiring an additional 1,595,238 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Stag Industrial by 442.2% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,364,411 shares of the real estate investment trust's stock valued at $46,144,000 after acquiring an additional 1,112,757 shares in the last quarter. Finally, Woodline Partners LP bought a new stake in shares of Stag Industrial during the fourth quarter valued at approximately $15,446,000. Institutional investors own 88.67% of the company's stock.

About Stag Industrial

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.