Stag Industrial, Inc. (STAG) Upgraded by UBS AG to “Neutral”
UBS AG upgraded shares of Stag Industrial, Inc. (NYSE:STAG) from a sell rating to a neutral rating in a research report report published on Friday. UBS AG currently has $28.00 price objective on the real estate investment trust’s stock, up from their previous price objective of $21.00.
Several other analysts have also recently commented on the stock. ValuEngine upgraded shares of Stag Industrial from a hold rating to a buy rating in a research report on Friday, September 1st. Jefferies Group LLC restated a buy rating and issued a $32.00 price objective (up previously from $31.00) on shares of Stag Industrial in a research report on Tuesday, August 22nd. Evercore ISI upgraded shares of Stag Industrial from an in-line rating to an outperform rating and set a $30.00 price objective for the company in a research report on Monday, August 14th. Raymond James Financial, Inc. upped their price objective on shares of Stag Industrial from $27.50 to $28.50 and gave the company an outperform rating in a research report on Wednesday, August 9th. Finally, Ladenburg Thalmann Financial Services restated a buy rating on shares of Stag Industrial in a research report on Wednesday, August 2nd. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company currently has a consensus rating of Buy and a consensus price target of $27.56.
Shares of Stag Industrial (NYSE STAG) traded up 0.25% during mid-day trading on Friday, hitting $28.42. The stock had a trading volume of 581,208 shares. The stock’s 50-day moving average price is $27.60 and its 200-day moving average price is $26.66. The stock has a market capitalization of $2.62 billion, a price-to-earnings ratio of 106.04 and a beta of 1.21. Stag Industrial has a 12-month low of $21.21 and a 12-month high of $28.72.
Stag Industrial (NYSE:STAG) last issued its earnings results on Tuesday, August 1st. The real estate investment trust reported $0.41 EPS for the quarter, meeting the consensus estimate of $0.41. The company had revenue of $72.20 million during the quarter, compared to analysts’ expectations of $71.44 million. Stag Industrial had a net margin of 12.22% and a return on equity of 3.97%. The business’s revenue for the quarter was up 19.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.38 EPS. On average, equities analysts anticipate that Stag Industrial will post ($0.01) EPS for the current fiscal year.
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The business also recently announced a monthly dividend, which will be paid on Friday, December 15th. Investors of record on Thursday, November 30th will be paid a $0.1175 dividend. This represents a $1.41 dividend on an annualized basis and a yield of 4.96%. The ex-dividend date of this dividend is Wednesday, November 29th. Stag Industrial’s payout ratio is presently 503.57%.
Institutional investors have recently bought and sold shares of the company. TIAA CREF Investment Management LLC boosted its stake in shares of Stag Industrial by 1.9% during the 1st quarter. TIAA CREF Investment Management LLC now owns 290,089 shares of the real estate investment trust’s stock worth $7,258,000 after buying an additional 5,417 shares during the last quarter. Jane Street Group LLC acquired a new position in shares of Stag Industrial during the 1st quarter worth about $205,000. Teachers Advisors LLC boosted its stake in shares of Stag Industrial by 21.7% during the 4th quarter. Teachers Advisors LLC now owns 140,126 shares of the real estate investment trust’s stock worth $3,345,000 after buying an additional 24,955 shares during the last quarter. Forsta AP Fonden boosted its stake in shares of Stag Industrial by 142.0% during the 2nd quarter. Forsta AP Fonden now owns 36,300 shares of the real estate investment trust’s stock worth $1,002,000 after buying an additional 21,300 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its stake in shares of Stag Industrial by 3.4% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 79,040 shares of the real estate investment trust’s stock worth $1,978,000 after buying an additional 2,610 shares during the last quarter. Institutional investors own 81.25% of the company’s stock.
Stag Industrial Company Profile
STAG Industrial, Inc is a real estate investment trust. The Company is focused on the acquisition, ownership, and operation of single-tenant, industrial properties across the United States. As of December 31, 2016, the Company owned 314 buildings in 37 states with approximately 60.9 million rentable square feet, consisting of 243 warehouse/distribution buildings, 54 light manufacturing buildings, 16 flex/office buildings, and one building in redevelopment.
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