Stag Industrial, Inc. (NYSE:STAG) Given Average Recommendation of “Hold” by Analysts

Shares of Stag Industrial, Inc. (NYSE:STAG) have been given a consensus recommendation of “Hold” by the ten analysts that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $39.50.

A number of analysts recently commented on the company. JPMorgan Chase & Co. lifted their price objective on Stag Industrial from $39.00 to $40.00 and gave the stock a “neutral” rating in a research report on Thursday, February 19th. iA Financial set a $39.00 price objective on Stag Industrial in a research report on Tuesday, January 13th. Robert W. Baird set a $40.00 price objective on Stag Industrial in a research report on Tuesday, February 17th. Barclays reiterated an “underweight” rating and issued a $39.00 price objective (down from $40.00) on shares of Stag Industrial in a research report on Tuesday, January 13th. Finally, Wall Street Zen upgraded Stag Industrial from a “sell” rating to a “hold” rating in a research report on Saturday, February 7th.

Insider Buying and Selling

In other news, Director Virgis Colbert sold 18,000 shares of the business’s stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $38.08, for a total transaction of $685,440.00. Following the completion of the transaction, the director directly owned 4,210 shares in the company, valued at approximately $160,316.80. The trade was a 81.04% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO William R. Crooker sold 93,732 shares of the business’s stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $39.17, for a total value of $3,671,482.44. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 136,974 shares of company stock worth $5,345,904 over the last three months. 1.10% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Stag Industrial

Several institutional investors have recently modified their holdings of the stock. MQS Management LLC grew its position in shares of Stag Industrial by 94.3% during the 1st quarter. MQS Management LLC now owns 26,822 shares of the real estate investment trust’s stock worth $967,000 after buying an additional 13,021 shares during the period. 1492 Capital Management LLC grew its position in shares of Stag Industrial by 32.9% during the 1st quarter. 1492 Capital Management LLC now owns 7,843 shares of the real estate investment trust’s stock worth $283,000 after buying an additional 1,943 shares during the period. Fort Washington Investment Advisors Inc. OH grew its position in shares of Stag Industrial by 6.3% during the 1st quarter. Fort Washington Investment Advisors Inc. OH now owns 808,007 shares of the real estate investment trust’s stock worth $29,137,000 after buying an additional 47,924 shares during the period. Pictet Asset Management Holding SA lifted its holdings in shares of Stag Industrial by 4.8% during the 1st quarter. Pictet Asset Management Holding SA now owns 30,247 shares of the real estate investment trust’s stock valued at $1,091,000 after purchasing an additional 1,391 shares in the last quarter. Finally, Louisiana State Employees Retirement System bought a new position in shares of Stag Industrial during the 1st quarter valued at about $1,998,000. 88.67% of the stock is currently owned by institutional investors and hedge funds.

Stag Industrial Stock Performance

Stag Industrial stock opened at $39.26 on Friday. The stock has a 50-day simple moving average of $38.07 and a 200 day simple moving average of $38.00. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.89. Stag Industrial has a 12-month low of $31.79 and a 12-month high of $39.99. The stock has a market capitalization of $7.51 billion, a price-to-earnings ratio of 26.89 and a beta of 1.04.

Stag Industrial (NYSE:STAG) last released its quarterly earnings results on Wednesday, February 11th. The real estate investment trust reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.03. The business had revenue of $220.90 million during the quarter, compared to analysts’ expectations of $213.66 million. Stag Industrial had a return on equity of 7.68% and a net margin of 32.35%.The firm’s revenue for the quarter was up 10.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.61 earnings per share. On average, research analysts anticipate that Stag Industrial will post 2.63 earnings per share for the current fiscal year.

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.