Stag Industrial (NYSE:STAG) Rating Increased to Moderate Buy at Raymond James Financial

Stag Industrial (NYSE:STAG) was upgraded by Raymond James Financial to a “moderate buy” rating in a research note issued to investors on Wednesday,Zacks.com reports.

A number of other brokerages also recently commented on STAG. Barclays reduced their target price on shares of Stag Industrial from $39.00 to $38.00 and set an “underweight” rating on the stock in a research note on Tuesday, May 5th. JPMorgan Chase & Co. lifted their price target on shares of Stag Industrial from $39.00 to $40.00 and gave the company a “neutral” rating in a research report on Thursday, February 19th. Wells Fargo & Company decreased 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. Weiss Ratings cut Stag Industrial from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, May 4th. Finally, Evercore restated an “outperform” rating and issued a $44.00 target price on shares of Stag Industrial in a research report on Wednesday, April 29th. Three analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $40.40.

Stag Industrial Stock Up 1.5%

NYSE STAG opened at $37.81 on Wednesday. Stag Industrial has a 52 week low of $33.72 and a 52 week high of $39.99. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.87. The business’s fifty day simple moving average is $38.26 and its 200-day simple moving average is $37.96. The firm has a market cap of $7.23 billion, a PE ratio of 29.31 and a beta of 0.98.

Stag Industrial (NYSE:STAG) last announced its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.09. Stag Industrial had a net margin of 28.25% and a return on equity of 6.80%. The firm had revenue of $224.21 million for the quarter, compared to analysts’ expectations of $221.51 million. During the same quarter in the previous year, the company posted $0.61 EPS. The company’s revenue was up 9.0% compared to the same quarter last year. As a group, equities analysts anticipate that Stag Industrial will post 2.63 earnings per share for the current year.

Institutional Trading of Stag Industrial

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Clearstead Advisors LLC lifted its stake in Stag Industrial by 193.6% during the fourth quarter. Clearstead Advisors LLC now owns 731 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 482 shares in the last quarter. Measured Wealth Private Client Group LLC acquired a new stake in shares of Stag Industrial in the third quarter valued at $27,000. International Assets Investment Management LLC acquired a new stake in shares of Stag Industrial in the fourth quarter valued at $51,000. EverSource Wealth Advisors LLC raised its holdings in shares of Stag Industrial by 270.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,436 shares of the real estate investment trust’s stock valued at $52,000 after buying an additional 1,048 shares during the period. Finally, Root Financial Partners LLC raised its holdings in shares of Stag Industrial by 32.9% in the 4th quarter. Root Financial Partners LLC now owns 1,603 shares of the real estate investment trust’s stock valued at $59,000 after buying an additional 397 shares during the period. Hedge funds and other 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.