Stag Industrial (NYSE:STAG) Rating Lowered to Sell at Wall Street Zen

Key Points

• Wall Street Zen downgraded Stag Industrial from “hold” to “sell,” although the broader analyst consensus remains “hold,” with three buys, six holds, and one sell and an average price target of $50.50.
• STAG shares opened at $37.28, near their 50-day and 200-day moving averages, with a market capitalization of approximately $7.19 billion and a one-year trading range of $34.18 to $42.61.
• The REIT reported quarterly EPS of $0.28, missing the $0.65 consensus estimate, while revenue rose 8.1% year over year to $224.37 million. Institutional investors and hedge funds own 88.67% of the company’s stock.

Stag Industrial (NYSE:STAG - Get Free Report) was downgraded by Wall Street Zen from a "hold" rating to a "sell" rating in a report released on Saturday.

Several other research analysts have also commented on STAG. Robert W. Baird set a $138.00 price target on Stag Industrial in a research report on Friday, July 31st. Weiss Ratings reiterated a "buy (b-)" rating on shares of Stag Industrial in a research note on Friday, July 31st. Barclays increased their price objective on Stag Industrial from $38.00 to $41.00 and gave the company an "underweight" rating in a report on Thursday, July 16th. Wells Fargo & Company lowered their target price on shares of 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. Finally, Evercore reaffirmed an "outperform" rating and issued a $44.00 target price on shares of Stag Industrial in a report on Wednesday, April 29th. Three research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $50.50.

Stag Industrial Stock Performance

NYSE STAG opened at $37.28 on Friday. The company has a fifty day moving average of $38.80 and a two-hundred day moving average of $38.36. The company has a market capitalization of $7.19 billion, a PE ratio of 28.68 and a beta of 0.96. Stag Industrial has a 1 year low of $34.18 and a 1 year high of $42.61. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.76 and a quick ratio of 1.76.

Stag Industrial (NYSE:STAG - Get Free Report) last posted its 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 firm had revenue of $224.37 million for the quarter, compared to analyst estimates of $223.04 million. During the same quarter last year, the firm posted $0.63 EPS. The firm's revenue for the quarter was up 8.1% on a year-over-year basis. As a group, analysts expect that Stag Industrial will post 2.63 earnings per share for the current year.

Institutional Trading of Stag Industrial

A number of hedge funds have recently added to or reduced their stakes in STAG. Pacific Heights Asset Management LLC lifted its holdings in 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 valued at $18,380,000 after acquiring an additional 100,000 shares during the period. Bayhunt Capital LLC acquired a new position in shares of Stag Industrial during the 4th quarter worth $10,323,000. Friedenthal Financial acquired a new position in shares of Stag Industrial during the 4th quarter worth $934,000. Bessemer Group Inc. increased its holdings in shares of Stag Industrial by 8.0% in the 4th quarter. Bessemer Group Inc. now owns 834,733 shares of the real estate investment trust's stock valued at $30,684,000 after purchasing an additional 61,675 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings 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 valued at $140,851,000 after purchasing an additional 65,502 shares in the last quarter. 88.67% of the stock is 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.

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