Stag Industrial (NYSE:STAG) Share Price Crosses Above 50-Day Moving Average – Time to Sell?

Stag Industrial, Inc. (NYSE:STAG) shares crossed above its 50-day moving average during trading on Monday. The stock has a 50-day moving average of $36.75 and traded as high as $37.69. Stag Industrial shares last traded at $37.47, with a volume of 999,897 shares changing hands.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on STAG. Weiss Ratings downgraded shares of Stag Industrial from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, September 25th. Barclays raised their target price on shares of Stag Industrial from $38.00 to $41.00 and gave the stock an “underweight” rating in a report on Thursday, July 16th. Wells Fargo & Company cut their target price on shares of Stag Industrial from $40.00 to $38.00 and set an “equal weight” rating for the company in a research report on Tuesday, September 1st. Robert W. Baird upgraded shares of Stag Industrial from a “neutral” rating to an “outperform” rating and set a $42.00 target price for the company in a research note on Monday, August 31st. Finally, Evercore reiterated an “outperform” rating on shares of Stag Industrial in a research note on Monday, September 14th. Four investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Stag Industrial has an average rating of “Hold” and an average target price of $41.11.

Stag Industrial Stock Performance

The business has a fifty day simple moving average of $36.75 and a two-hundred day simple moving average of $37.88. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.91. The company has a market cap of $7.17 billion, a P/E ratio of 26.36 and a beta of 0.91.

Stag Industrial (NYSE:STAG) last released its quarterly earnings results on Tuesday, October 27th. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.29). Stag Industrial had a net margin of 29.88% and a return on equity of 7.28%. The firm had revenue of $231.05 million for the quarter, compared to the consensus estimate of $227.16 million. During the same quarter in the prior year, the firm earned $0.65 earnings per share. The company’s revenue for the quarter was up 9.4% compared to the same quarter last year. On average, sell-side analysts anticipate that Stag Industrial, Inc. will post 2.64 EPS for the current year.

Stag Industrial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 15th. Investors of record on Thursday, December 31st will be issued a $0.3875 dividend. The ex-dividend date of this dividend is Thursday, December 31st. This represents a $1.55 dividend on an annualized basis and a dividend yield of 4.2%. Stag Industrial’s dividend payout ratio (DPR) is presently 109.93%.

Institutional Trading of Stag Industrial

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in STAG. Ancora Advisors LLC purchased a new position in shares of Stag Industrial during the 2nd quarter worth $28,000. Community Bank N.A. grew its position in shares of Stag Industrial by 55.9% during the 2nd quarter. Community Bank N.A. now owns 951 shares of the real estate investment trust’s stock valued at $36,000 after acquiring an additional 341 shares during the period. Next Level Wealth Planning LLC purchased a new stake in shares of Stag Industrial in the 3rd quarter worth $36,000. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Stag Industrial in the 2nd quarter worth $46,000. Finally, Root Financial Partners LLC purchased a new stake in shares of Stag Industrial in the 3rd quarter worth $53,000. 88.67% of the stock is owned by hedge funds and other institutional investors.

Stag Industrial Company Profile

STAG Industrial, Inc. is a real estate investment trust (REIT) that acquires, owns, and operates industrial properties, with a focus on single-tenant buildings. Its portfolio includes warehouses, distribution facilities, and manufacturing properties used by businesses for storage, logistics, and production. The company serves tenants across the United States, investing in industrial markets in a range of regions rather than concentrating solely on major coastal hubs. STAG Industrial became a publicly traded company in 2011.