Stag Industrial (NYSE:STAG) Cut to “Sell” at Wall Street Zen

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

STAG has been the subject of a number of other reports. Weiss Ratings reiterated a “buy (b-)” rating on shares of Stag Industrial in a research note on Friday, July 31st. Evercore reissued an “outperform” rating and set a $44.00 price objective on shares of Stag Industrial in a report on Wednesday, April 29th. Barclays boosted their price objective on Stag Industrial from $38.00 to $41.00 and gave the stock an “underweight” rating in a research report on Thursday, July 16th. Wells Fargo & Company lowered their target price on Stag Industrial from $41.00 to $40.00 and set an “equal weight” rating for the company in a report on Monday, June 1st. 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 issued a Sell rating to the company’s stock. According to MarketBeat, Stag Industrial has a consensus rating of “Hold” and an average price target of $50.50.

Stag Industrial Price Performance

STAG stock opened at $36.68 on Friday. The company has a 50 day simple moving average of $38.80 and a 200 day simple moving average of $38.36. The stock has a market cap of $7.07 billion, a price-to-earnings ratio of 28.22 and a beta of 0.96. Stag Industrial has a 1 year low of $34.18 and a 1 year high of $42.61. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.76 and a quick ratio of 1.76.

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

Stag Industrial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be paid a dividend of $0.3875 per share. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $1.55 annualized dividend and a dividend yield of 4.2%. Stag Industrial’s dividend payout ratio (DPR) is presently 119.23%.

Institutional Trading of Stag Industrial

Several institutional investors have recently modified their holdings of STAG. Pacific Heights Asset Management LLC boosted its stake in shares of Stag Industrial by 25.0% in the 4th quarter. Pacific Heights Asset Management LLC now owns 500,000 shares of the real estate investment trust’s stock valued at $18,380,000 after purchasing an additional 100,000 shares during the last quarter. Bayhunt Capital LLC bought a new position in Stag Industrial during the fourth quarter worth $10,323,000. Friedenthal Financial acquired a new position in Stag Industrial in the fourth quarter valued at $934,000. Bessemer Group Inc. lifted its holdings in Stag Industrial by 8.0% in the fourth quarter. Bessemer Group Inc. now owns 834,733 shares of the real estate investment trust’s stock valued at $30,684,000 after buying an additional 61,675 shares during the period. Finally, Geode Capital Management LLC boosted its position in Stag Industrial by 1.7% during the fourth quarter. Geode Capital Management LLC now owns 3,830,915 shares of the real estate investment trust’s stock valued at $140,851,000 after acquiring an additional 65,502 shares during the last quarter. Institutional investors 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.