Stag Industrial (STAG) Cut to “Sell” at Zacks Investment Research

Zacks Investment Research cut shares of Stag Industrial (NYSE:STAG) from a hold rating to a sell rating in a research note released on Saturday, 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 research analysts also recently issued research reports about the company. TheStreet upgraded Stag Industrial from a c+ rating to a b rating in a research note on Thursday, February 21st. LADENBURG THALM/SH SH increased their price target on Stag Industrial from $31.00 to $32.00 and gave the stock a buy rating in a research note on Wednesday, February 20th. ValuEngine upgraded Stag Industrial from a hold rating to a buy rating in a research note on Friday, February 8th. Berenberg Bank started coverage on Stag Industrial in a research note on Tuesday, April 23rd. They set a hold rating and a $30.00 price target for the company. Finally, DA Davidson increased their price target on Stag Industrial to $32.00 and gave the stock a neutral rating in a research note on Thursday, April 4th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus target price of $29.25.



STAG stock opened at $29.29 on Friday. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.79. The firm has a market cap of $3.68 billion, a PE ratio of 16.36, a PEG ratio of 3.30 and a beta of 1.04. Stag Industrial has a fifty-two week low of $23.24 and a fifty-two week high of $29.89.

Stag Industrial (NYSE:STAG) last posted its quarterly earnings results on Tuesday, April 30th. The real estate investment trust reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.39). The firm had revenue of $95.70 million for the quarter, compared to the consensus estimate of $95.19 million. Stag Industrial had a return on equity of 4.63% and a net margin of 19.44%. The firm’s revenue was up 14.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.43 EPS. On average, equities analysts forecast that Stag Industrial will post 1.83 EPS for the current year.

The business also recently announced a monthly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be paid a $0.1192 dividend. The ex-dividend date of this dividend is Thursday, June 27th. This represents a $1.43 annualized dividend and a yield of 4.88%. Stag Industrial’s dividend payout ratio is currently 79.89%.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Sigma Planning Corp boosted its stake in Stag Industrial by 4.6% in the 4th quarter. Sigma Planning Corp now owns 9,626 shares of the real estate investment trust’s stock worth $239,000 after purchasing an additional 423 shares during the period. Public Employees Retirement System of Ohio boosted its stake in Stag Industrial by 45.4% in the 4th quarter. Public Employees Retirement System of Ohio now owns 1,365 shares of the real estate investment trust’s stock worth $34,000 after purchasing an additional 426 shares during the period. US Bancorp DE boosted its stake in Stag Industrial by 1.6% in the 1st quarter. US Bancorp DE now owns 31,676 shares of the real estate investment trust’s stock worth $940,000 after purchasing an additional 492 shares during the period. First Hawaiian Bank boosted its stake in Stag Industrial by 11.0% in the 4th quarter. First Hawaiian Bank now owns 5,962 shares of the real estate investment trust’s stock worth $148,000 after purchasing an additional 590 shares during the period. Finally, Fort Washington Investment Advisors Inc. OH boosted its stake in Stag Industrial by 1.5% in the 1st quarter. Fort Washington Investment Advisors Inc. OH now owns 40,500 shares of the real estate investment trust’s stock worth $1,201,000 after purchasing an additional 600 shares during the period. Institutional investors and hedge funds own 82.26% of the company’s stock.

Stag Industrial Company Profile

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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