Stag Industrial (NYSE:STAG) Receives Hold (C+) Rating from Weiss Ratings

Key Points

• Stag Industrial has received a "Hold (C+)" rating from Weiss Ratings, with expectations reflected in a consensus target price of $38.00.
• Recent stock activity showed Stag Industrial trading at $36.42, with a market cap of $6.80 billion and a price-to-earnings ratio of 28.68.
• Insider trading activity included Director Benjamin S. Butcher selling 25,000 shares, significantly reducing his ownership stake in the company.

Stag Industrial (NYSE:STAG - Get Free Report)'s stock had its "hold (c+)" rating reiterated by Weiss Ratings in a research report issued to clients and investors on Wednesday,Weiss Ratings reports.

A number of other research analysts have also issued reports on the stock. Evercore ISI boosted their target price on shares of Stag Industrial from $40.00 to $41.00 and gave the company an "outperform" rating in a research note on Monday, September 15th. Cantor Fitzgerald began coverage on shares of Stag Industrial in a research note on Wednesday, October 1st. They issued a "neutral" rating and a $37.00 price target for the company. Finally, Industrial Alliance Securities set a $37.00 price target on shares of Stag Industrial in a research note on Wednesday, October 1st. Two equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. According to data from MarketBeat, Stag Industrial presently has a consensus rating of "Hold" and a consensus target price of $38.00.

Stag Industrial Stock Performance

Stag Industrial stock traded up $0.02 during midday trading on Wednesday, reaching $36.42. 1,366,376 shares of the stock traded hands, compared to its average volume of 1,740,852. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.86. The firm has a fifty day moving average price of $35.64 and a two-hundred day moving average price of $35.14. The firm has a market cap of $6.80 billion, a price-to-earnings ratio of 28.68 and a beta of 0.92. Stag Industrial has a fifty-two week low of $28.61 and a fifty-two week high of $39.21.

Stag Industrial (NYSE:STAG - Get Free Report) last posted its earnings results on Tuesday, July 29th. The real estate investment trust reported $0.63 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.63. The firm had revenue of $207.44 million during the quarter, compared to analyst estimates 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 period in the previous year, the business posted $0.61 EPS. On average, equities research analysts forecast that Stag Industrial will post 2.47 earnings per share for the current year.

Insider Buying and Selling

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

Institutional Trading of Stag Industrial

Several large investors have recently modified their holdings of STAG. GAMMA Investing LLC boosted its holdings in Stag Industrial by 3,246.2% in the 1st quarter. GAMMA Investing LLC now owns 33,194 shares of the real estate investment trust's stock valued at $1,199,000 after purchasing an additional 32,202 shares during the period. UMB Bank n.a. increased its position in shares of Stag Industrial by 175.3% during the 1st quarter. UMB Bank n.a. now owns 2,907 shares of the real estate investment trust's stock worth $105,000 after purchasing an additional 1,851 shares in the last quarter. Wealthcare Advisory Partners LLC bought a new position in shares of Stag Industrial in the first quarter worth about $206,000. SG Americas Securities LLC raised its stake in shares of Stag Industrial by 391.5% in the first quarter. SG Americas Securities LLC now owns 368,815 shares of the real estate investment trust's stock worth $13,322,000 after acquiring an additional 293,777 shares during the last quarter. Finally, Integrated Advisors Network LLC raised its stake in shares of Stag Industrial by 5.1% in the first quarter. Integrated Advisors Network LLC now owns 12,271 shares of the real estate investment trust's stock worth $443,000 after acquiring an additional 598 shares during the last quarter. 88.67% of the stock is owned by institutional investors.

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.

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