Stag Industrial (NYSE:STAG) Price Target Raised to $40.00

Stag Industrial (NYSE:STAG) had its price objective boosted by research analysts at JPMorgan Chase & Co. from $39.00 to $40.00 in a research report issued on Thursday,Benzinga reports. The firm presently has a “neutral” rating on the real estate investment trust’s stock. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 4.82% from the company’s previous close.

STAG has been the topic of several other research reports. iA Financial set a $39.00 target price on Stag Industrial in a report on Tuesday, January 13th. Royal Bank Of Canada boosted their price target on Stag Industrial from $38.00 to $42.00 and gave the stock a “sector perform” rating in a research report on Thursday, November 6th. Wall Street Zen upgraded Stag Industrial from a “sell” rating to a “hold” rating in a research note on Saturday, February 7th. Citigroup raised their price target on Stag Industrial from $35.00 to $40.00 and gave the company a “neutral” rating in a report on Tuesday, November 11th. Finally, Evercore reissued an “outperform” rating on shares of Stag Industrial in a report on Friday, February 13th. Three equities research 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’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $39.50.

Stag Industrial Stock Down 0.1%

Shares of NYSE STAG traded down $0.04 during mid-day trading on Thursday, reaching $38.16. 133,255 shares of the company’s stock were exchanged, compared to its average volume of 1,617,653. The firm has a market capitalization of $7.29 billion, a price-to-earnings ratio of 26.14 and a beta of 1.06. Stag Industrial has a twelve month low of $28.61 and a twelve month high of $39.88. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.89. The business has a fifty day simple moving average of $37.65 and a 200 day simple moving average of $37.24.

Stag Industrial (NYSE:STAG) last announced its earnings results on Wednesday, February 11th. The real estate investment trust reported $0.66 earnings per share for the quarter, topping analysts’ consensus estimates of $0.63 by $0.03. The firm had revenue of $220.90 million during the quarter, compared to analyst estimates of $213.66 million. Stag Industrial had a net margin of 32.35% and a return on equity of 7.68%. The company’s revenue for the quarter was up 10.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.61 EPS. As a group, equities analysts expect that Stag Industrial will post 2.47 EPS for the current fiscal year.

Institutional Trading of Stag Industrial

Large investors have recently bought and sold shares of the company. Private Trust Co. NA raised its holdings in Stag Industrial by 2,183.9% during the 2nd quarter. Private Trust Co. NA now owns 708 shares of the real estate investment trust’s stock worth $26,000 after buying an additional 677 shares during the period. Clearstead Advisors LLC increased its position 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 buying an additional 482 shares during the last quarter. Measured Wealth Private Client Group LLC acquired a new stake in shares of Stag Industrial in the third quarter valued at about $27,000. Root Financial Partners LLC bought a new position in shares of Stag Industrial in the third quarter worth about $43,000. Finally, International Assets Investment Management LLC acquired a new position in shares of Stag Industrial during the 4th quarter worth about $51,000. Institutional investors and hedge funds 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.