Trade Report: Today, Stag Industrial Inc. (STAG) Given Average Recommendation of “Buy” by Analysts

Today, Stag Industrial Inc. (STAG) Given Average Recommendation of “Buy” by Analysts

Shares of Stag Industrial Inc. (NYSE:STAG) have been assigned a consensus recommendation of “Buy” from the twelve ratings firms that are currently covering the stock. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $24.94.

A number of research firms have commented on STAG. Royal Bank Of Canada upped their price target on Stag Industrial from $22.00 to $26.00 and gave the company an “outperform” rating in a research report on Friday, August 5th. DA Davidson upped their price target on Stag Industrial from $25.00 to $26.00 and gave the company a “buy” rating in a research report on Friday, August 5th. Robert W. Baird reiterated an “outperform” rating and set a $26.00 target price on shares of Stag Industrial in a report on Friday, August 26th. RBC Capital Markets reiterated an “outperform” rating and set a $26.00 target price (up previously from $22.00) on shares of Stag Industrial in a report on Friday, August 5th. Finally, Jefferies Group reiterated a “hold” rating on shares of Stag Industrial in a report on Thursday, August 18th.

Shares of Stag Industrial (NYSE:STAG) traded up 1.16% during mid-day trading on Friday, reaching $23.57. The company had a trading volume of 178,477 shares. The company has a 50 day moving average price of $22.72 and a 200 day moving average price of $23.33. The company’s market capitalization is $1.78 billion. Stag Industrial has a one year low of $14.97 and a one year high of $25.51.

Stag Industrial (NYSE:STAG) last released its quarterly earnings results on Thursday, November 3rd. The company reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.02. The business earned $62.60 million during the quarter, compared to analyst estimates of $11.01 million. Stag Industrial had a negative return on equity of 2.54% and a negative net margin of 7.25%. Stag Industrial’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.39 EPS. On average, analysts anticipate that Stag Industrial will post $1.56 EPS for the current year.

In other news, CEO Benjamin S. Butcher purchased 2,000 shares of the stock in a transaction dated Friday, September 9th. The shares were purchased at an average cost of $23.81 per share, with a total value of $47,620.00. Following the acquisition, the chief executive officer now directly owns 72,088 shares of the company’s stock, valued at $1,716,415.28. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Larry T. Guillemette purchased 10,500 shares of the stock in a transaction dated Monday, September 26th. The shares were purchased at an average cost of $24.91 per share, for a total transaction of $261,555.00. Following the completion of the acquisition, the director now directly owns 11,882 shares in the company, valued at $295,980.62. The disclosure for this purchase can be found here. Company insiders own 2.10% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in Stag Industrial by 3.8% in the second quarter. Vanguard Group Inc. now owns 10,340,067 shares of the company’s stock valued at $246,198,000 after buying an additional 380,002 shares during the last quarter. Principal Financial Group Inc. boosted its position in Stag Industrial by 686.6% in the third quarter. Principal Financial Group Inc. now owns 2,996,641 shares of the company’s stock valued at $73,448,000 after buying an additional 2,615,695 shares during the last quarter. Bank of New York Mellon Corp boosted its position in Stag Industrial by 443.4% in the third quarter. Bank of New York Mellon Corp now owns 2,716,272 shares of the company’s stock valued at $66,576,000 after buying an additional 2,216,368 shares during the last quarter. BlackRock Institutional Trust Company N.A. boosted its position in Stag Industrial by 1.3% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 2,475,629 shares of the company’s stock valued at $60,678,000 after buying an additional 32,959 shares during the last quarter. Finally, GW&K Investment Management LLC boosted its position in Stag Industrial by 13.2% in the third quarter. GW&K Investment Management LLC now owns 2,277,673 shares of the company’s stock valued at $55,826,000 after buying an additional 264,716 shares during the last quarter. 76.93% of the stock is currently owned by hedge funds and other institutional investors.

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