Stag Industrial (NYSE:STAG) Stock Rating Upgraded by Raymond James Financial

Stag Industrial (NYSE:STAG) was upgraded by research analysts at Raymond James Financial to a “moderate buy” rating in a report released on Wednesday,Zacks.com reports.

A number of other brokerages also recently issued reports on STAG. Wells Fargo & Company lowered their price target on shares of Stag Industrial from $41.00 to $40.00 and set an “equal weight” rating on the stock in a report on Monday, June 1st. Evercore reissued an “outperform” rating and set a $44.00 target price on shares of Stag Industrial in a research note on Wednesday, April 29th. Barclays dropped their target price on Stag Industrial from $39.00 to $38.00 and set an “underweight” rating on the stock in a research report on Tuesday, May 5th. Robert W. Baird set a $40.00 price target on Stag Industrial in a research note on Tuesday, February 17th. Finally, Weiss Ratings cut Stag Industrial from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 4th. Three equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Stag Industrial has an average rating of “Hold” and a consensus price target of $40.40.

Stag Industrial Stock Up 1.5%

Shares of STAG opened at $37.81 on Wednesday. The company has a market capitalization of $7.23 billion, a price-to-earnings ratio of 29.31 and a beta of 0.98. Stag Industrial has a 52 week low of $33.72 and a 52 week high of $39.99. The stock’s 50-day moving average price is $38.26 and its 200-day moving average price is $37.96. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.87.

Stag Industrial (NYSE:STAG) last announced its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.09. The company had revenue of $224.21 million during the quarter, compared to the consensus estimate of $221.51 million. Stag Industrial had a return on equity of 6.80% and a net margin of 28.25%.Stag Industrial’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.61 earnings per share. On average, sell-side analysts predict that Stag Industrial will post 2.63 EPS for the current year.

Institutional Investors Weigh In On Stag Industrial

A number of large investors have recently modified their holdings of the business. Clearstead Advisors LLC lifted its stake in shares of Stag Industrial by 193.6% in the fourth quarter. Clearstead Advisors LLC now owns 731 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 482 shares in the last quarter. Measured Wealth Private Client Group LLC purchased a new position in Stag Industrial in the 3rd quarter worth approximately $27,000. International Assets Investment Management LLC acquired a new position in shares of Stag Industrial during the 4th quarter worth approximately $51,000. EverSource Wealth Advisors LLC boosted its holdings in shares of Stag Industrial by 270.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,436 shares of the real estate investment trust’s stock worth $52,000 after purchasing an additional 1,048 shares during the last quarter. Finally, Root Financial Partners LLC grew its position in shares of Stag Industrial by 32.9% in the fourth quarter. Root Financial Partners LLC now owns 1,603 shares of the real estate investment trust’s stock valued at $59,000 after purchasing an additional 397 shares in the last quarter. Hedge funds and other institutional investors own 88.67% of the company’s stock.

About Stag Industrial

Stag Industrial, Inc is a real estate investment trust (REIT) that specializes in the acquisition, ownership and operation of single-tenant industrial properties throughout the United States. The company’s portfolio is focused on free-standing warehouses, distribution centers and light manufacturing facilities designed to meet the logistical needs of a diverse tenant base. By concentrating on properties with straightforward layouts and minimal common-area maintenance, Stag Industrial seeks to deliver stable rental income and attractive risk-adjusted returns for its shareholders.

Since its founding in 2010 and initial public offering in 2011, Stag Industrial has pursued a disciplined investment strategy centered on high-quality, well-located assets.