Stag Industrial Inc. (NYSE:STAG) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Wednesday. The brokerage presently has a $25.00 price objective on the stock. Zacks Investment Research’s target price would suggest a potential upside of 11.76% from the stock’s previous close.

According to Zacks, “STAG Industrial, Inc. operates as a real estate company focused on the acquisition, ownership and management of single-tenant industrial properties throughout the United States. STAG Industrial, Inc. is based in United States. “

Other analysts have also issued reports about the company. DA Davidson boosted their target price on Stag Industrial from $25.00 to $26.00 and gave the company a “buy” rating in a research report on Friday, August 5th. Jefferies Group raised Stag Industrial from a “hold” rating to a “buy” rating in a research report on Tuesday. Cantor Fitzgerald set a $24.00 target price on Stag Industrial and gave the company a “hold” rating in a research report on Thursday, October 13th. RBC Capital Markets reaffirmed an “outperform” rating and issued a $26.00 target price (up from $22.00) on shares of Stag Industrial in a research report on Friday, August 5th. Finally, Royal Bank Of Canada boosted their target price on Stag Industrial from $22.00 to $26.00 and gave the company an “outperform” rating in a research report on Friday, August 5th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $24.68.

Analyst Recommendations for Stag Industrial (NYSE:STAG)

Shares of Stag Industrial (NYSE:STAG) opened at 22.37 on Wednesday. The stock has a 50 day moving average price of $22.83 and a 200-day moving average price of $23.23. Stag Industrial has a 52-week low of $14.97 and a 52-week high of $25.51. The firm’s market capitalization is $1.69 billion.

Stag Industrial (NYSE:STAG) last issued its earnings results on Thursday, November 3rd. The company reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.02. Stag Industrial had a negative return on equity of 2.54% and a negative net margin of 7.25%. The business earned $62.60 million during the quarter, compared to analyst estimates of $11.01 million. During the same period in the previous year, the company posted $0.39 EPS. The firm’s revenue was up 11.9% compared to the same quarter last year. Equities analysts forecast that Stag Industrial will post $1.56 EPS for the current year.

In other news, CEO Benjamin S. Butcher acquired 2,000 shares of the company’s stock in a transaction that occurred on Friday, September 9th. The shares were acquired at an average price of $23.81 per share, for a total transaction of $47,620.00. Following the completion of the purchase, the chief executive officer now owns 72,088 shares in the company, valued at $1,716,415.28. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Larry T. Guillemette acquired 10,500 shares of the company’s stock in a transaction that occurred on Monday, September 26th. The stock was purchased at an average price of $24.91 per share, for a total transaction of $261,555.00. Following the purchase, the director now owns 11,882 shares of the company’s stock, valued at approximately $295,980.62. The disclosure for this purchase can be found here. 2.10% of the stock is owned by insiders.

A number of institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its position in Stag Industrial by 3.8% in the second quarter. Vanguard Group Inc. now owns 10,340,067 shares of the company’s stock valued at $246,198,000 after buying an additional 380,002 shares during the last quarter. Principal Financial Group Inc. increased its position in Stag Industrial by 686.6% in the third quarter. Principal Financial Group Inc. now owns 2,996,641 shares of the company’s stock valued at $73,448,000 after buying an additional 2,615,695 shares during the last quarter. Bank of New York Mellon Corp increased its position in Stag Industrial by 443.4% in the third quarter. Bank of New York Mellon Corp now owns 2,716,272 shares of the company’s stock valued at $66,576,000 after buying an additional 2,216,368 shares during the last quarter. BlackRock Institutional Trust Company N.A. increased its position in Stag Industrial by 1.3% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 2,475,629 shares of the company’s stock valued at $60,678,000 after buying an additional 32,959 shares during the last quarter. Finally, GW&K Investment Management LLC increased its position in Stag Industrial by 13.2% in the third quarter. GW&K Investment Management LLC now owns 2,277,673 shares of the company’s stock valued at $55,826,000 after buying an additional 264,716 shares during the last quarter. Institutional investors and hedge funds own 78.20% of the company’s stock.

Stag Industrial Company Profile

STAG Industrial, Inc is a real estate investment trust. The Company focuses on the acquisition and operation of single-tenant industrial properties across the United States. The Company owns approximately 290 buildings in over 40 states with approximately 54.7 million rentable square feet, consisting of over 220 warehouse/distribution buildings, approximately 50 light manufacturing buildings and over 20 flex/office buildings.

5 Day Chart for NYSE:STAG

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