Stag Industrial Inc (NYSE:STAG) has received a consensus rating of “Buy” from the thirteen analysts that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and seven have assigned a buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $29.31.
Several equities analysts have commented on the company. JPMorgan Chase & Co. upgraded Stag Industrial from a “neutral” rating to an “overweight” rating and set a $30.00 price target on the stock in a report on Friday, December 15th. TheStreet downgraded shares of Stag Industrial from a “b-” rating to a “c+” rating in a research note on Tuesday, December 19th. Zacks Investment Research downgraded shares of Stag Industrial from a “hold” rating to a “sell” rating in a research note on Thursday, January 25th. ValuEngine downgraded shares of Stag Industrial from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Finally, DA Davidson restated a “neutral” rating on shares of Stag Industrial in a research note on Friday, February 16th.
In other news, COO Stephen C. Mecke sold 30,000 shares of the firm’s stock in a transaction on Friday, January 5th. The shares were sold at an average price of $26.41, for a total value of $792,300.00. Following the sale, the chief operating officer now owns 32,000 shares in the company, valued at $845,120. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Benjamin S. Butcher sold 68,180 shares of Stag Industrial stock in a transaction on Friday, January 5th. The stock was sold at an average price of $26.41, for a total transaction of $1,800,633.80. Following the sale, the chief executive officer now owns 140,268 shares in the company, valued at approximately $3,704,477.88. The disclosure for this sale can be found here. In the last 90 days, insiders sold 165,069 shares of company stock worth $4,359,472. 2.00% of the stock is currently owned by corporate insiders.
Shares of STAG stock traded up $0.38 during mid-day trading on Wednesday, reaching $23.39. The company’s stock had a trading volume of 519,401 shares, compared to its average volume of 763,245. Stag Industrial has a one year low of $22.42 and a one year high of $28.95. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.13 and a current ratio of 0.13. The firm has a market capitalization of $2,237.37, a P/E ratio of 106.32, a PEG ratio of 2.75 and a beta of 1.14.
Stag Industrial (NYSE:STAG) last announced its quarterly earnings results on Thursday, February 15th. The real estate investment trust reported $0.44 EPS for the quarter, beating the consensus estimate of $0.02 by $0.42. Stag Industrial had a return on equity of 2.92% and a net margin of 10.38%. The company had revenue of $81.30 million for the quarter, compared to the consensus estimate of $79.83 million. During the same quarter last year, the company posted $0.42 earnings per share. The company’s revenue for the quarter was up 22.3% compared to the same quarter last year. sell-side analysts expect that Stag Industrial will post 1.81 earnings per share for the current fiscal year.
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About Stag Industrial
STAG Industrial, Inc is a real estate investment trust. The Company is focused on the acquisition, ownership, and operation of single-tenant, industrial properties across the United States. As of December 31, 2016, the Company owned 314 buildings in 37 states with approximately 60.9 million rentable square feet, consisting of 243 warehouse/distribution buildings, 54 light manufacturing buildings, 16 flex/office buildings, and one building in redevelopment.
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