Stag Industrial's (STAG) "Hold (C+)" Rating Reaffirmed at Weiss Ratings

Key Points

• Stag Industrial's stock has received a "Hold (C+)" rating from Weiss Ratings, reaffirming a cautious outlook on the company's performance.
• Evercore ISI raised its price target for Stag Industrial from $40.00 to $41.00, while Cantor Fitzgerald initiated coverage with a "neutral" rating and a target of $37.00.
• Stag Industrial reported $0.63 earnings per share in its last quarterly results, meeting analysts' expectations, with a year-over-year revenue increase of 9.4% to $207.44 million.

Stag Industrial (NYSE:STAG - Get Free Report)'s stock had its "hold (c+)" rating reissued by analysts at Weiss Ratings in a note issued to investors on Friday,Weiss Ratings reports.

STAG has been the topic of several other research reports. Evercore ISI boosted their price target on shares of Stag Industrial from $40.00 to $41.00 and gave the company an "outperform" rating in a research report on Monday, September 15th. Cantor Fitzgerald began coverage on shares of Stag Industrial in a research report on Wednesday, October 1st. They set a "neutral" rating and a $37.00 price target on the stock. Finally, Industrial Alliance Securities set a $37.00 price target on shares of Stag Industrial in a research report on Wednesday, October 1st. Two equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, Stag Industrial currently has an average rating of "Hold" and a consensus target price of $38.00.

Stag Industrial Price Performance

STAG stock opened at $38.61 on Friday. The firm's 50-day moving average price is $36.34 and its two-hundred day moving average price is $35.40. Stag Industrial has a 12-month low of $28.61 and a 12-month high of $39.01. The stock has a market capitalization of $7.21 billion, a price-to-earnings ratio of 30.40 and a beta of 0.92. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.86.

Stag Industrial (NYSE:STAG - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The real estate investment trust reported $0.63 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.63. Stag Industrial had a net margin of 29.14% and a return on equity of 6.71%. The company had revenue of $207.44 million for the quarter, compared to analysts' expectations of $206.37 million. During the same quarter in the previous year, the company earned $0.61 earnings per share. Stag Industrial's quarterly revenue was up 9.4% on a year-over-year basis. As a group, equities analysts predict that Stag Industrial will post 2.47 earnings per share for the current year.

Insider Transactions at Stag Industrial

In other Stag Industrial news, Director Benjamin S. Butcher sold 25,000 shares of the company's stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $36.91, for a total value of $922,750.00. Following the sale, the director owned 7,562 shares in the company, valued at approximately $279,113.42. This represents a 76.78% decrease in their ownership of the stock. The sale 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 company's stock in a transaction dated 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 owned 38,666 shares in the company, valued at approximately $1,361,043.20. This trade represents a 4.93% decrease in their position. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in STAG. Private Trust Co. NA lifted its stake in shares of Stag Industrial by 2,183.9% in the second quarter. Private Trust Co. NA now owns 708 shares of the real estate investment trust's stock worth $26,000 after buying an additional 677 shares in the last quarter. Chung Wu Investment Group LLC bought a new position in shares of Stag Industrial in the second quarter worth approximately $29,000. Tsfg LLC bought a new position in shares of Stag Industrial in the first quarter worth approximately $32,000. Avalon Trust Co bought a new position in shares of Stag Industrial in the first quarter worth approximately $36,000. Finally, Keystone Global Partners LLC bought a new position in shares of Stag Industrial in the first quarter worth approximately $41,000. Institutional investors own 88.67% of the company's stock.

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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