Analysts Set Stag Industrial Inc. (STAG) Price Target at $24.94
Stag Industrial Inc. (NYSE:STAG) has received an average rating of “Buy” from the twelve analysts that are currently covering the stock. One investment analyst has rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $24.94.
Several research firms have recently commented on STAG. Jefferies Group upgraded shares of Stag Industrial from a “hold” rating to a “buy” rating in a research note on Tuesday, November 15th. RBC Capital Markets restated an “outperform” rating and issued a $26.00 target price (up previously from $22.00) on shares of Stag Industrial in a research note on Friday, August 5th. Royal Bank Of Canada raised their target price on shares of Stag Industrial from $22.00 to $26.00 and gave the stock an “outperform” rating in a research note on Friday, August 5th. Cantor Fitzgerald reiterated a “hold” rating and issued a $23.50 price objective on shares of Stag Industrial in a research note on Monday, August 22nd. Finally, Capital One Financial Corp. upgraded shares of Stag Industrial from an “equal weight” rating to an “overweight” rating and set a $24.00 price objective for the company in a research note on Friday, October 14th.
Shares of Stag Industrial (NYSE:STAG) opened at 23.57 on Friday. The stock’s market cap is $1.78 billion. The company’s 50-day moving average is $22.76 and its 200 day moving average is $23.34. Stag Industrial has a 52 week low of $14.97 and a 52 week high of $25.51.
Stag Industrial (NYSE:STAG) last released its earnings results on Thursday, November 3rd. The company reported $0.40 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.02. Stag Industrial had a negative net margin of 7.25% and a negative return on equity of 2.54%. The company earned $62.60 million during the quarter, compared to analysts’ expectations of $11.01 million. During the same quarter last year, the business earned $0.39 EPS. The business’s revenue was up 11.9% on a year-over-year basis. Analysts forecast that Stag Industrial will post $1.56 earnings per share for the current fiscal year.
In other news, Director Larry T. Guillemette purchased 10,500 shares of the stock in a transaction dated Monday, September 26th. The stock was acquired at an average cost of $24.91 per share, for a total transaction of $261,555.00. Following the completion of the acquisition, the director now directly owns 11,882 shares in the company, valued at approximately $295,980.62. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Benjamin S. Butcher purchased 2,000 shares of the stock in a transaction dated Friday, September 9th. The shares were purchased at an average price of $23.81 per share, with a total value of $47,620.00. Following the completion of the acquisition, the chief executive officer now owns 72,088 shares of the company’s stock, valued at $1,716,415.28. The disclosure for this purchase can be found here. Company insiders own 2.10% of the company’s stock.
Large investors have recently modified their holdings of the company. Monarch Partners Asset Management LLC increased its stake in shares of Stag Industrial by 17.1% in the second quarter. Monarch Partners Asset Management LLC now owns 830,400 shares of the company’s stock worth $19,772,000 after buying an additional 121,160 shares during the period. Livingston Group Asset Management CO operating as Southport Capital Management purchased a new stake in shares of Stag Industrial during the second quarter worth approximately $192,000. Prospera Financial Services Inc increased its stake in shares of Stag Industrial by 10.9% in the second quarter. Prospera Financial Services Inc now owns 18,745 shares of the company’s stock worth $446,000 after buying an additional 1,845 shares during the period. Bank of Montreal Can purchased a new stake in shares of Stag Industrial during the second quarter worth approximately $406,000. Finally, Sigma Planning Corp purchased a new stake in shares of Stag Industrial during the second quarter worth approximately $291,000. Institutional investors and hedge funds own 76.93% 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.
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