Wall Street Zen Downgrades Stag Industrial (NYSE:STAG) to Sell

Stag Industrial (NYSE:STAG) was downgraded by analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued on Saturday.

Several other analysts have also recently weighed in on STAG. Barclays boosted their price objective on shares of Stag Industrial from $38.00 to $41.00 and gave the stock an “underweight” rating in a research note on Thursday, July 16th. Robert W. Baird set a $138.00 target price on Stag Industrial in a research report on Friday, July 31st. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Stag Industrial in a report on Friday, July 31st. Raymond James Financial assumed coverage on Stag Industrial in a research report on Wednesday, June 17th. They issued an “outperform” rating and a $44.00 price target on the stock. Finally, Wells Fargo & Company decreased their price target on Stag Industrial from $41.00 to $40.00 and set an “equal weight” rating for the company in a research note on Monday, June 1st. Three investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $50.50.

Stag Industrial Stock Performance

NYSE:STAG opened at $37.28 on Friday. The stock’s 50-day moving average is $38.80 and its 200-day moving average is $38.36. Stag Industrial has a 1-year low of $34.18 and a 1-year high of $42.61. The company has a current ratio of 1.76, a quick ratio of 1.76 and a debt-to-equity ratio of 0.93. The stock has a market cap of $7.19 billion, a P/E ratio of 28.68 and a beta of 0.96.

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

Institutional Investors Weigh In On Stag Industrial

Several hedge funds and other institutional investors have recently made changes to their positions in STAG. Clearstead Advisors LLC increased its holdings in Stag Industrial by 193.6% during the 4th 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 purchased a new stake in Stag Industrial in the 3rd quarter valued at $27,000. International Assets Investment Management LLC purchased a new stake in Stag Industrial in the 4th quarter valued at $51,000. EverSource Wealth Advisors LLC lifted its stake in Stag Industrial by 270.1% during 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 acquiring an additional 1,048 shares in the last quarter. Finally, Root Financial Partners LLC lifted its stake in Stag Industrial by 32.9% during 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 acquiring an additional 397 shares in the last quarter. 88.67% of the stock is owned by institutional investors.

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.