Stag Industrial (NYSE:STAG) Sets New 12-Month High – Time to Buy?

Stag Industrial, Inc. (NYSE:STAG)’s stock price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $39.99 and last traded at $39.8870, with a volume of 812453 shares changing hands. The stock had previously closed at $39.75.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Barclays reaffirmed an “underweight” rating and issued a $39.00 price objective (down from $40.00) on shares of Stag Industrial in a research report on Tuesday, January 13th. Robert W. Baird set a $40.00 price objective on shares of Stag Industrial in a research report on Tuesday, February 17th. iA Financial set a $39.00 target price on Stag Industrial in a research note on Tuesday, January 13th. Evercore reiterated an “outperform” rating on shares of Stag Industrial in a research note on Friday, February 13th. Finally, JPMorgan Chase & Co. increased their target price on Stag Industrial from $39.00 to $40.00 and gave the company a “neutral” rating in a research note on Thursday, February 19th. Three equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $39.50.

Stag Industrial Stock Performance

The company has a market capitalization of $7.44 billion, a PE ratio of 26.65 and a beta of 1.04. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.90 and a current ratio of 1.90. The company has a 50 day moving average price of $38.04 and a 200 day moving average price of $37.99.

Stag Industrial (NYSE:STAG) last released its earnings results on Wednesday, February 11th. The real estate investment trust reported $0.66 EPS for the quarter, beating the consensus estimate of $0.63 by $0.03. The company had revenue of $220.90 million during the quarter, compared to analysts’ expectations of $213.66 million. Stag Industrial had a return on equity of 7.68% and a net margin of 32.35%.The business’s revenue was up 10.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.61 EPS. Equities analysts forecast that Stag Industrial, Inc. will post 2.63 EPS for the current year.

Insider Buying and Selling

In related news, Director Virgis Colbert sold 18,000 shares of the firm’s stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $38.08, for a total transaction of $685,440.00. Following the transaction, the director directly owned 4,210 shares in the company, valued at $160,316.80. This trade represents a 81.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO William R. Crooker sold 93,732 shares of the firm’s stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $39.17, for a total value of $3,671,482.44. The disclosure for this sale is available in the SEC filing. Insiders have sold 136,974 shares of company stock worth $5,345,904 over the last ninety days. 1.10% of the stock is owned by insiders.

Hedge Funds Weigh In On Stag Industrial

Large investors have recently added to or reduced their stakes in the company. Clearstead Advisors LLC lifted its stake in Stag Industrial by 193.6% during the fourth quarter. Clearstead Advisors LLC now owns 731 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 482 shares during the last quarter. Measured Wealth Private Client Group LLC bought a new position in Stag Industrial during the third quarter worth $27,000. Root Financial Partners LLC bought a new stake in Stag Industrial in the third quarter valued at $43,000. International Assets Investment Management LLC bought a new stake in Stag Industrial in the fourth quarter valued at $51,000. Finally, EverSource Wealth Advisors LLC lifted its stake in Stag Industrial by 270.1% in the second quarter. EverSource Wealth Advisors LLC now owns 1,436 shares of the real estate investment trust’s stock valued at $52,000 after buying an additional 1,048 shares during the last quarter. 88.67% of the stock is currently owned by institutional investors.

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.