Stag Industrial (NYSE:STAG) Rating Increased to Hold at Wall Street Zen

Key Points

• Wall Street Zen upgraded Stag Industrial from “sell” to “hold,” bringing the broader analyst consensus to “Hold.” The consensus target price is $50.50, based on three Buy, six Hold, and one Sell rating.
• STAG shares opened at $36.76, compared with a 52-week range of $34.33 to $42.61. The company reported quarterly revenue of $224.37 million, up 8.1% year over year, but adjusted earnings of $0.28 per share missed analysts’ $0.65 estimate.
• Institutional investors own 88.67% of Stag Industrial’s shares, with several firms recently initiating or increasing positions.

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 research note issued on Sunday.

STAG has been the topic of a number of other reports. Wells Fargo & Company decreased their target price on Stag Industrial from $41.00 to $40.00 and set an "equal weight" rating on the stock in a research report on Monday, June 1st. Robert W. Baird set a $138.00 price objective on Stag Industrial in a research note on Friday, July 31st. Barclays upped their price objective on Stag Industrial from $38.00 to $41.00 and gave the stock an "underweight" rating in a report on Thursday, July 16th. Weiss Ratings reiterated a "buy (b-)" rating on shares of Stag Industrial in a research report on Friday, July 31st. Finally, Evercore reissued an "outperform" rating and issued a $44.00 target price on shares of Stag Industrial in a report on Wednesday, April 29th. Three investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $50.50.

Stag Industrial Stock Performance

Shares of NYSE STAG opened at $36.76 on Friday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.76 and a current ratio of 1.76. The company has a market cap of $7.09 billion, a P/E ratio of 28.28 and a beta of 0.96. The firm's fifty day moving average is $38.80 and its two-hundred day moving average is $38.35. Stag Industrial has a 52-week low of $34.33 and a 52-week high of $42.61.

Stag Industrial (NYSE:STAG - Get Free Report) last announced its quarterly earnings results on Tuesday, July 28th. The real estate investment trust reported $0.28 EPS for the quarter, missing the consensus estimate of $0.65 by ($0.37). The company had revenue of $224.37 million during the quarter, compared to analysts' expectations of $223.04 million. Stag Industrial had a return on equity of 6.79% and a net margin of 28.04%.The firm's revenue for the quarter was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.63 EPS. As a group, analysts anticipate that Stag Industrial will post 2.63 EPS for the current fiscal year.

Institutional Investors Weigh In On Stag Industrial

Several institutional investors have recently modified their holdings of the stock. Clearstead Advisors LLC raised its holdings in Stag Industrial by 193.6% during the 4th quarter. Clearstead Advisors LLC now owns 731 shares of the real estate investment trust's stock valued at $27,000 after buying an additional 482 shares during the period. Ancora Advisors LLC purchased a new position in Stag Industrial during the second quarter worth $28,000. Measured Wealth Private Client Group LLC purchased a new position in Stag Industrial during the third quarter worth $27,000. Northwestern Mutual Wealth Management Co. bought a new position in Stag Industrial during the second quarter valued at $46,000. Finally, International Assets Investment Management LLC bought a new position in Stag Industrial during the fourth quarter valued at $51,000. 88.67% of the stock is owned by institutional investors.

Stag Industrial Company Profile

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.

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