STAG Industrial (NYSE:STAG) Stock Rating Lowered by Zacks Investment Research

STAG Industrial (NYSE:STAG) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Thursday, Zacks.com reports.

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 research reports about the company. Royal Bank of Canada increased their price objective on STAG Industrial from $46.00 to $50.00 and gave the company an “outperform” rating in a research note on Monday, November 8th. Raymond James increased their price objective on STAG Industrial from $45.00 to $47.00 and gave the company an “outperform” rating in a research note on Monday, November 1st. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $43.17.

Shares of STAG stock opened at $43.69 on Thursday. The business’s fifty day moving average price is $42.18 and its 200 day moving average price is $40.29. STAG Industrial has a 1-year low of $29.34 and a 1-year high of $44.89. The firm has a market capitalization of $7.42 billion, a PE ratio of 34.67, a P/E/G ratio of 4.07 and a beta of 0.93. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.57 and a quick ratio of 1.57.

STAG Industrial (NYSE:STAG) last announced its quarterly earnings data on Thursday, October 28th. The real estate investment trust reported $0.30 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.51 by ($0.21). The business had revenue of $142.11 million for the quarter, compared to analyst estimates of $140.41 million. STAG Industrial had a return on equity of 7.28% and a net margin of 37.23%. The company’s revenue was up 19.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.46 EPS. Equities research analysts expect that STAG Industrial will post 2.04 earnings per share for the current fiscal year.

Large investors have recently made changes to their positions in the stock. Marshall Wace North America L.P. acquired a new stake in STAG Industrial during the 1st quarter valued at approximately $36,000. First Trust Advisors LP grew its position in shares of STAG Industrial by 88.7% in the 1st quarter. First Trust Advisors LP now owns 82,198 shares of the real estate investment trust’s stock worth $2,437,000 after acquiring an additional 38,645 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of STAG Industrial by 9.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 107,546 shares of the real estate investment trust’s stock worth $3,615,000 after acquiring an additional 8,851 shares in the last quarter. Amundi Asset Management US Inc. grew its position in shares of STAG Industrial by 11.8% in the 1st quarter. Amundi Asset Management US Inc. now owns 99,700 shares of the real estate investment trust’s stock worth $3,351,000 after acquiring an additional 10,506 shares in the last quarter. Finally, Eaton Vance Management acquired a new position in shares of STAG Industrial in the 1st quarter worth approximately $93,000. Institutional investors and hedge funds own 85.95% of the company’s stock.

About STAG Industrial

STAG Industrial, Inc is a real estate investment trust, which focuses on acquisition, ownership and operation of single-tenant, industrial properties throughout the United States. The company was founded by Benjamin S. Butcher on July 21, 2010 and is headquartered in Boston, MA.

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