Cantor Fitzgerald Begins Coverage on Stag Industrial (NYSE:STAG)

Key Points

• Stag Industrial was upgraded to a "hold" rating by Cantor Fitzgerald, with a consensus target price of $38.00 as assessed by various analysts.
• The company reported a quarterly earnings per share (EPS) of $0.63, matching analysts' estimates, and an increase in revenue by 9.4% year-over-year.
• Recent insider activity includes Director Benjamin S. Butcher selling 25,000 shares for approximately $922,750, marking a significant decrease in his ownership stake.

Equities researchers at Cantor Fitzgerald initiated coverage on shares of Stag Industrial (NYSE:STAG - Get Free Report) in a research report issued on Wednesday, Marketbeat reports. The firm set a "neutral" rating and a $37.00 price target on the real estate investment trust's stock. Cantor Fitzgerald's price target points to a potential upside of 3.37% from the company's previous close.

A number of other brokerages have also recently issued reports on STAG. Industrial Alliance Securities set a $37.00 target price on Stag Industrial in a report on Wednesday. Evercore ISI lifted their price target on Stag Industrial from $40.00 to $41.00 and gave the stock an "outperform" rating in a research note on Monday, September 15th. Two analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $38.00.

Stag Industrial Stock Up 1.4%

NYSE STAG opened at $35.80 on Wednesday. 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 company's 50 day simple moving average is $35.54 and its 200 day simple moving average is $35.10. Stag Industrial has a 12 month low of $28.61 and a 12 month high of $39.21. The company has a market capitalization of $6.68 billion, a P/E ratio of 28.19 and a beta of 0.92.

Stag Industrial (NYSE:STAG - Get Free Report) last released its 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. Stag Industrial had a net margin of 29.14% and a return on equity of 6.71%. The business had revenue of $207.44 million for the quarter, compared to the consensus estimate of $206.37 million. During the same period in the previous year, the firm earned $0.61 EPS. The business's revenue for the quarter was up 9.4% on a year-over-year basis. Equities research analysts expect that Stag Industrial will post 2.47 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Benjamin S. Butcher sold 25,000 shares of the stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $36.91, for a total value of $922,750.00. Following the completion of the sale, the director directly owned 7,562 shares of the company's stock, valued at $279,113.42. This represents a 76.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Larry T. Guillemette sold 2,004 shares of the stock in a transaction that occurred on Tuesday, September 23rd. The stock was sold at an average price of $35.20, for a total transaction of $70,540.80. Following the completion of the sale, the director directly owned 38,666 shares of the company's stock, valued at $1,361,043.20. This trade represents a 4.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.10% of the stock is owned by corporate insiders.

Institutional Trading of Stag Industrial

A number of hedge funds have recently made changes to their positions in the stock. Corient Private Wealth LLC lifted its position in shares of Stag Industrial by 8.1% in the second quarter. Corient Private Wealth LLC now owns 56,880 shares of the real estate investment trust's stock worth $2,064,000 after purchasing an additional 4,278 shares in the last quarter. Osaic Holdings Inc. lifted its position in shares of Stag Industrial by 3.7% in the second quarter. Osaic Holdings Inc. now owns 94,231 shares of the real estate investment trust's stock worth $3,419,000 after purchasing an additional 3,338 shares in the last quarter. American Trust purchased a new stake in shares of Stag Industrial in the second quarter worth approximately $203,000. Orion Porfolio Solutions LLC lifted its position in shares of Stag Industrial by 7.6% in the second quarter. Orion Porfolio Solutions LLC now owns 77,723 shares of the real estate investment trust's stock worth $2,820,000 after purchasing an additional 5,492 shares in the last quarter. Finally, Advisory Services Network LLC lifted its position in shares of Stag Industrial by 6.6% in the second quarter. Advisory Services Network LLC now owns 12,586 shares of the real estate investment trust's stock worth $432,000 after purchasing an additional 782 shares in the last quarter. 88.67% of the stock is owned by hedge funds and other institutional investors.

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.