DA Davidson reissued their neutral rating on shares of Stag Industrial (NYSE:STAG) in a research note released on Friday, February 16th. DA Davidson also issued estimates for Stag Industrial’s Q3 2018 earnings at $0.49 EPS, Q4 2018 earnings at $0.50 EPS, Q1 2019 earnings at $0.50 EPS, Q2 2019 earnings at $0.51 EPS, Q3 2019 earnings at $0.52 EPS, Q4 2019 earnings at $0.53 EPS and FY2019 earnings at $2.06 EPS.
A number of other research analysts have also recently issued reports on STAG. Ladenburg Thalmann Financial Services reiterated a buy rating and set a $32.00 price objective on shares of Stag Industrial in a report on Friday, February 16th. TheStreet upgraded shares of Stag Industrial from a c rating to a b- rating in a report on Tuesday, November 14th. BidaskClub cut shares of Stag Industrial from a sell rating to a strong sell rating in a research note on Wednesday, October 25th. Cantor Fitzgerald set a $29.00 target price on shares of Stag Industrial and gave the company a hold rating in a research note on Thursday, February 15th. Finally, Zacks Investment Research lowered shares of Stag Industrial from a hold rating to a sell rating in a research report on Thursday, January 25th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the company. The company presently has a consensus rating of Buy and a consensus target price of $29.69.
Stag Industrial (NYSE:STAG) traded up $0.04 during midday trading on Friday, hitting $24.06. 526,527 shares of the company traded hands, compared to its average volume of 851,909. Stag Industrial has a twelve month low of $22.42 and a twelve month high of $28.95. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.13 and a quick ratio of 0.13. The firm has a market cap of $2,260.00, a price-to-earnings ratio of 109.36, a price-to-earnings-growth ratio of 2.85 and a beta of 1.14.
Stag Industrial (NYSE:STAG) last issued its earnings results on Thursday, February 15th. The real estate investment trust reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.42. Stag Industrial had a net margin of 10.38% and a return on equity of 2.92%. The firm had revenue of $81.30 million for the quarter, compared to analyst estimates of $79.83 million. During the same quarter last year, the business posted $0.42 earnings per share. The company’s quarterly revenue was up 22.3% on a year-over-year basis. equities research analysts predict that Stag Industrial will post 1.82 earnings per share for the current year.
In related news, CFO William R. Crooker sold 31,889 shares of the firm’s stock in a transaction that occurred on Friday, January 5th. The shares were sold at an average price of $26.41, for a total value of $842,188.49. Following the transaction, the chief financial officer now owns 46,493 shares of the company’s stock, valued at $1,227,880.13. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Benjamin S. Butcher sold 68,180 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now directly owns 140,268 shares in the company, valued at approximately $3,704,477.88. The disclosure for this sale can be found here. Insiders sold a total of 165,069 shares of company stock valued at $4,359,472 over the last 90 days. Company insiders own 2.00% of the company’s stock.
A number of large investors have recently modified their holdings of STAG. Verition Fund Management LLC purchased a new position in Stag Industrial during the second quarter valued at approximately $200,000. Teacher Retirement System of Texas bought a new stake in shares of Stag Industrial during the third quarter valued at approximately $200,000. Aperio Group LLC bought a new stake in shares of Stag Industrial during the fourth quarter valued at approximately $216,000. Ameritas Investment Partners Inc. raised its position in shares of Stag Industrial by 13.0% during the second quarter. Ameritas Investment Partners Inc. now owns 7,846 shares of the real estate investment trust’s stock valued at $217,000 after buying an additional 903 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its position in shares of Stag Industrial by 76.5% during the third quarter. Envestnet Asset Management Inc. now owns 7,963 shares of the real estate investment trust’s stock valued at $219,000 after buying an additional 3,451 shares during the last quarter. 84.57% of the stock is currently owned by institutional investors and hedge funds.
Stag Industrial Company Profile
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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