Stag Industrial (NYSE:STAG) Stock Rating Lowered by Wall Street Zen

Key Points

• Wall Street Zen downgraded Stag Industrial from “hold” to “sell,” while the broader analyst consensus remains “hold,” with a consensus price target of $50.50.
• STAG shares opened at $36.68, below their 50-day and 200-day moving averages. The REIT reported quarterly earnings of $0.28 per share, missing estimates of $0.65, although revenue rose 8.1% year over year to $224.37 million.
• Institutional investors own approximately 88.67% of the company, with several firms recently increasing their positions in the industrial-property REIT.

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 Monday.

STAG has been the subject of a number of other research reports. Barclays raised their price target on shares of 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 decreased their price objective 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. Raymond James Financial started coverage on Stag Industrial in a research report on Wednesday, June 17th. They issued an "outperform" rating and a $44.00 price objective on the stock. Evercore reissued an "outperform" rating and issued a $44.00 target price on shares of Stag Industrial in a research note on Wednesday, April 29th. Finally, Robert W. Baird set a $138.00 target price on Stag Industrial in a research report on Friday, July 31st. 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 company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $50.50.

Stag Industrial Stock Up 0.0%

Shares of NYSE:STAG opened at $36.68 on Monday. Stag Industrial has a 12 month low of $34.40 and a 12 month high of $42.61. The company's 50-day moving average price is $38.66 and its two-hundred day moving average price is $38.34. The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 0.93. The firm has a market cap of $7.07 billion, a P/E ratio of 28.22 and a beta of 0.96.

Stag Industrial (NYSE:STAG - Get Free Report) last announced its earnings results on Tuesday, July 28th. The real estate investment trust reported $0.28 earnings per share 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 company had revenue of $224.37 million during the quarter, compared to the consensus estimate of $223.04 million. During the same period in the prior year, the firm posted $0.63 earnings per share. The company's revenue was up 8.1% on a year-over-year basis. As a group, research analysts forecast that Stag Industrial will post 2.63 EPS for the current fiscal year.

Institutional Trading of Stag Industrial

A number of institutional investors have recently bought and sold shares of STAG. EverSource Wealth Advisors LLC boosted its position in shares of Stag Industrial by 22.0% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,583 shares of the real estate investment trust's stock worth $57,000 after purchasing an additional 285 shares during the last quarter. Nissay Asset Management Corp Japan grew its stake in shares of Stag Industrial by 1.0% during the second quarter. Nissay Asset Management Corp Japan now owns 29,952 shares of the real estate investment trust's stock worth $1,140,000 after purchasing an additional 302 shares during the period. Mercer Global Advisors Inc. ADV increased its holdings in Stag Industrial by 1.2% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 30,515 shares of the real estate investment trust's stock valued at $1,122,000 after purchasing an additional 367 shares during the last quarter. First National Trust Co increased its holdings in Stag Industrial by 1.7% in the fourth quarter. First National Trust Co now owns 23,166 shares of the real estate investment trust's stock valued at $852,000 after purchasing an additional 388 shares during the last quarter. Finally, Root Financial Partners LLC lifted its stake in Stag Industrial by 32.9% in the fourth quarter. Root Financial Partners LLC now owns 1,603 shares of the real estate investment trust's stock valued at $59,000 after buying an additional 397 shares during the period. Institutional investors and hedge funds own 88.67% of the company's stock.

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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