Brokerages Set Stag Industrial Inc (STAG) PT at $29.31

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.

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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.

Institutional investors and hedge funds have recently bought and sold shares of the business. San Francisco Sentry Investment Group CA boosted its stake in Stag Industrial by 180.6% during the third quarter. San Francisco Sentry Investment Group CA now owns 11,854 shares of the real estate investment trust’s stock worth $326,000 after buying an additional 7,630 shares in the last quarter. Dana Investment Advisors Inc. acquired a new stake in Stag Industrial during the third quarter worth $2,219,000. American International Group Inc. boosted its stake in Stag Industrial by 8.1% during the third quarter. American International Group Inc. now owns 59,928 shares of the real estate investment trust’s stock worth $1,646,000 after buying an additional 4,481 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its stake in Stag Industrial by 9.2% during the third quarter. Schwab Charles Investment Management Inc. now owns 394,737 shares of the real estate investment trust’s stock worth $10,844,000 after buying an additional 33,152 shares in the last quarter. Finally, AMP Capital Investors Ltd boosted its stake in Stag Industrial by 22.5% during the third quarter. AMP Capital Investors Ltd now owns 56,057 shares of the real estate investment trust’s stock worth $1,541,000 after buying an additional 10,300 shares in the last quarter. Hedge funds and other institutional investors own 84.39% of the company’s stock.

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.

Analyst Recommendations for Stag Industrial (NYSE:STAG)

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