Zacks Investment Research upgraded shares of Stag Industrial Inc. (NYSE:STAG) from a hold rating to a buy rating in a research note released on Tuesday. Zacks Investment Research currently has $26.00 price target on the stock.

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. “

A number of other analysts also recently commented on the stock. Jefferies Group upgraded shares of Stag Industrial from a hold rating to a buy rating in a report on Tuesday, November 15th. Capital One Financial Corp. upgraded shares of Stag Industrial from an equal weight rating to an overweight rating and set a $24.00 target price on the stock in a report on Friday, October 14th. Cantor Fitzgerald set a $24.00 target price on shares of Stag Industrial and gave the stock a hold rating in a report on Thursday, October 13th. Robert W. Baird reiterated an outperform rating and issued a $26.00 target price on shares of Stag Industrial in a report on Friday, August 26th. Finally, RBC Capital Markets reiterated an outperform rating and issued a $26.00 target price (up from $22.00) on shares of Stag Industrial in a report on Friday, August 5th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the company. The stock presently has a consensus rating of Buy and a consensus target price of $24.77.

Stag Industrial (NYSE:STAG) opened at 23.85 on Tuesday. The stock’s market cap is $1.80 billion. The firm’s 50-day moving average is $22.80 and its 200-day moving average is $23.39. Stag Industrial has a 1-year low of $14.97 and a 1-year 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 analysts’ consensus estimates 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 business had revenue of $62.60 million for the quarter, compared to the consensus estimate of $11.01 million. During the same period in the previous year, the firm earned $0.39 EPS. The business’s revenue for the quarter was up 11.9% on a year-over-year basis. On average, analysts forecast that Stag Industrial will post $1.56 EPS for the current year.

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In other news, CEO Benjamin S. Butcher acquired 2,000 shares of Stag Industrial stock in a transaction dated Friday, September 9th. The stock was acquired at an average cost 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 of the company’s stock, valued at $1,716,415.28. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Larry T. Guillemette acquired 10,500 shares of Stag Industrial stock in a transaction dated Monday, September 26th. The stock was purchased at an average price of $24.91 per share, with a total value of $261,555.00. Following the completion of the purchase, the director now directly 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 currently owned by company insiders.

Hedge funds have recently modified their holdings of the company. Phocas Financial Corp. boosted its stake in shares of Stag Industrial by 4.0% in the third quarter. Phocas Financial Corp. now owns 23,407 shares of the company’s stock worth $574,000 after buying an additional 908 shares during the last quarter. Jane Street Group LLC purchased a new stake in shares of Stag Industrial during the third quarter worth $331,000. The Manufacturers Life Insurance Company purchased a new stake in shares of Stag Industrial during the third quarter worth $1,179,000. Advantus Capital Management Inc boosted its stake in shares of Stag Industrial by 19.5% in the third quarter. Advantus Capital Management Inc now owns 178,025 shares of the company’s stock worth $4,363,000 after buying an additional 29,000 shares during the last quarter. Finally, Rainier Investment Management LLC purchased a new stake in shares of Stag Industrial during the third quarter worth $5,202,000. Institutional investors and hedge funds own 76.84% 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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