Stag Industrial (NYSE:STAG) had its target price hoisted by investment analysts at Raymond James from $28.00 to $32.00 in a research report issued on Wednesday, BenzingaRatingsTable reports. The brokerage currently has an “outperform” rating on the real estate investment trust’s stock. Raymond James’ target price indicates a potential upside of 5.65% from the company’s current price.
Several other equities analysts have also recently weighed in on STAG. Robert W. Baird decreased their target price on shares of Stag Industrial from $32.00 to $31.00 and set an “outperform” rating for the company in a research note on Thursday, May 7th. Citigroup decreased their target price on shares of Stag Industrial from $33.00 to $24.00 and set a “neutral” rating for the company in a research note on Tuesday, April 7th. TheStreet raised shares of Stag Industrial from a “c+” rating to a “b-” rating in a research note on Tuesday, June 16th. Finally, Royal Bank of Canada cut their price target on Stag Industrial from $35.00 to $30.00 and set an “outperform” rating for the company in a report on Thursday, April 2nd. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Stag Industrial presently has an average rating of “Buy” and an average target price of $31.57.
Shares of STAG opened at $30.29 on Wednesday. The stock has a market capitalization of $4.50 billion, a P/E ratio of 16.37, a P/E/G ratio of 9.53 and a beta of 1.14. Stag Industrial has a twelve month low of $17.54 and a twelve month high of $33.48. The company has a 50 day moving average of $28.67 and a 200-day moving average of $28.07. The company has a quick ratio of 6.99, a current ratio of 6.99 and a debt-to-equity ratio of 0.75.
Stag Industrial (NYSE:STAG) last released its earnings results on Thursday, April 30th. The real estate investment trust reported $0.42 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.04). Stag Industrial had a net margin of 24.61% and a return on equity of 4.96%. The firm had revenue of $118.55 million during the quarter, compared to the consensus estimate of $114.96 million. During the same period in the prior year, the business posted $0.45 earnings per share. Stag Industrial’s quarterly revenue was up 23.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Stag Industrial will post 1.84 earnings per share for the current fiscal year.
Several institutional investors and hedge funds have recently bought and sold shares of the company. BlackRock Inc. increased its position in shares of Stag Industrial by 5.8% in the first quarter. BlackRock Inc. now owns 16,032,851 shares of the real estate investment trust’s stock worth $361,059,000 after purchasing an additional 877,509 shares during the period. Nuveen Asset Management LLC increased its position in shares of Stag Industrial by 21.6% in the first quarter. Nuveen Asset Management LLC now owns 7,047,703 shares of the real estate investment trust’s stock worth $158,715,000 after purchasing an additional 1,253,685 shares during the period. Invesco Ltd. increased its position in shares of Stag Industrial by 13.7% in the first quarter. Invesco Ltd. now owns 5,703,303 shares of the real estate investment trust’s stock worth $128,438,000 after purchasing an additional 685,488 shares during the period. Massachusetts Financial Services Co. MA increased its position in shares of Stag Industrial by 8.2% in the first quarter. Massachusetts Financial Services Co. MA now owns 5,048,208 shares of the real estate investment trust’s stock worth $113,686,000 after purchasing an additional 383,324 shares during the period. Finally, State Street Corp increased its position in shares of Stag Industrial by 29.1% in the first quarter. State Street Corp now owns 5,032,481 shares of the real estate investment trust’s stock worth $113,908,000 after purchasing an additional 1,133,934 shares during the period. 91.31% of the stock is owned by institutional investors.
About Stag Industrial
STAG Industrial, Inc is an industrial real estate operating company focused on the acquisition, ownership, and operation of single-tenant, industrial properties throughout the United States. The Company was formed as a Maryland corporation and has elected to be treated and intends to continue to qualify as a real estate investment trust (?REIT?) under Sections 856 through 860 of the Internal Revenue Code of 1986, as amended.
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