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

Wall Street Zen cut shares of Stag Industrial (NYSE:STAG) from a hold rating to a sell rating in a report released on Monday morning.

STAG has been the topic of a number of other reports. Robert W. Baird set a $138.00 target price on Stag Industrial in a research report on Friday, July 31st. Barclays increased their price target on Stag Industrial from $38.00 to $41.00 and gave the company an “underweight” rating in a report on Thursday, July 16th. Weiss Ratings restated a “buy (b-)” rating on shares of Stag Industrial in a research note on Friday, July 31st. Wells Fargo & Company dropped their price objective on Stag Industrial from $41.00 to $40.00 and set an “equal weight” rating on the stock in a 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 research report on Wednesday, April 29th. Three research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $50.50.

Stag Industrial Stock Up 1.0%

Shares of Stag Industrial stock opened at $37.05 on Monday. The company has a fifty day moving average price of $38.64 and a 200 day moving average price of $38.33. The company has a current ratio of 1.76, a quick ratio of 1.76 and a debt-to-equity ratio of 0.93. Stag Industrial has a twelve month low of $34.40 and a twelve month high of $42.61. The stock has a market cap of $7.14 billion, a price-to-earnings ratio of 28.50 and a beta of 0.96.

Stag Industrial (NYSE:STAG) last issued its earnings results on Tuesday, July 28th. The real estate investment trust reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.65 by ($0.37). The company had revenue of $224.37 million during the quarter, compared to analysts’ expectations of $223.04 million. Stag Industrial had a return on equity of 6.79% and a net margin of 28.04%.Stag Industrial’s quarterly revenue was up 8.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.63 EPS. Equities research analysts forecast that Stag Industrial will post 2.63 earnings per share for the current fiscal year.

Stag Industrial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be issued a $0.3875 dividend. This represents a $1.55 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date is Wednesday, September 30th. Stag Industrial’s payout ratio is 119.23%.

Hedge Funds Weigh In On Stag Industrial

Large investors have recently added to or reduced their stakes in the company. California State Teachers Retirement System raised its holdings in shares of Stag Industrial by 3,696.2% during the second quarter. California State Teachers Retirement System now owns 8,409,395 shares of the real estate investment trust’s stock worth $320,062,000 after purchasing an additional 8,187,875 shares during the period. Readystate Asset Management LP acquired a new position in shares of Stag Industrial in the 2nd quarter valued at about $2,602,000. Wedmont Private Capital grew its position in shares of Stag Industrial by 38.0% during the 2nd quarter. Wedmont Private Capital now owns 7,680 shares of the real estate investment trust’s stock valued at $299,000 after buying an additional 2,115 shares during the last quarter. Guardian Wealth Management Inc. grew its position in shares of Stag Industrial by 4.7% during the 2nd quarter. Guardian Wealth Management Inc. now owns 56,342 shares of the real estate investment trust’s stock valued at $2,144,000 after buying an additional 2,529 shares during the last quarter. Finally, NEOS Investment Management LLC grew its position in shares of Stag Industrial by 16.4% during the 2nd quarter. NEOS Investment Management LLC now owns 40,777 shares of the real estate investment trust’s stock valued at $1,552,000 after buying an additional 5,740 shares during the last quarter. 88.67% of the stock is currently owned by institutional investors.

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.