Stag Industrial (NYSE:STAG) Price Target Raised to $40.00

Stag Industrial (NYSE:STAG) had its target price lifted by Citigroup from $35.00 to $40.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage presently has a “neutral” rating on the real estate investment trust’s stock. Citigroup’s price target would suggest a potential upside of 1.43% from the company’s current price.

Several other equities analysts have also weighed in on STAG. Robert W. Baird increased their price objective on shares of Stag Industrial from $38.00 to $39.00 and gave the company a “neutral” rating in a research report on Tuesday, November 4th. Wall Street Zen cut shares of Stag Industrial from a “hold” rating to a “sell” rating in a report on Saturday. Evercore ISI boosted their price objective on Stag Industrial from $41.00 to $42.00 and gave the stock an “outperform” rating in a report on Friday, October 31st. Weiss Ratings raised Stag Industrial from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday. Finally, Royal Bank Of Canada increased their price objective on Stag Industrial from $38.00 to $42.00 and gave the stock a “sector perform” rating in a research report on Thursday, November 6th. Three investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, Stag Industrial has a consensus rating of “Hold” and a consensus price target of $38.89.

Stag Industrial Stock Performance

Stag Industrial stock traded up $0.51 during midday trading on Tuesday, reaching $39.44. 592,061 shares of the company’s stock were exchanged, compared to its average volume of 1,477,240. The stock’s 50-day simple moving average is $36.83 and its 200 day simple moving average is $35.96. The firm has a market cap of $7.36 billion, a price-to-earnings ratio of 30.34 and a beta of 0.95. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.31 and a current ratio of 1.31. Stag Industrial has a 52 week low of $28.61 and a 52 week high of $39.51.

Stag Industrial (NYSE:STAG) last released its quarterly earnings data on Wednesday, October 29th. The real estate investment trust reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.02. Stag Industrial had a return on equity of 6.82% and a net margin of 29.24%.The company had revenue of $211.12 million during the quarter, compared to analysts’ expectations of $210.26 million. During the same period last year, the firm posted $0.60 earnings per share. The business’s revenue was up 10.7% on a year-over-year basis. On average, analysts expect that Stag Industrial will post 2.47 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, EVP Michael Chase sold 13,144 shares of Stag Industrial stock in a transaction that occurred on Wednesday, November 5th. The shares were sold at an average price of $38.75, for a total transaction of $509,330.00. Following the sale, the executive vice president directly owned 9,422 shares of the company’s stock, valued at approximately $365,102.50. The trade was a 58.25% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Larry T. Guillemette sold 2,004 shares of the stock in a transaction that occurred on Tuesday, September 23rd. The shares were sold at an average price of $35.20, for a total transaction of $70,540.80. Following the completion of the transaction, the director directly owned 38,666 shares of the company’s stock, valued at approximately $1,361,043.20. The trade was a 4.93% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 40,148 shares of company stock worth $1,502,621 in the last ninety days. 1.10% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Aew Capital Management L P increased its stake in shares of Stag Industrial by 19.4% in the third quarter. Aew Capital Management L P now owns 4,300 shares of the real estate investment trust’s stock valued at $152,000 after buying an additional 700 shares during the period. Parr Mcknight Wealth Management Group LLC grew its holdings in Stag Industrial by 2.6% during the 3rd quarter. Parr Mcknight Wealth Management Group LLC now owns 38,100 shares of the real estate investment trust’s stock worth $1,345,000 after acquiring an additional 982 shares during the last quarter. Channing Capital Management LLC increased its position in Stag Industrial by 8.3% in the 3rd quarter. Channing Capital Management LLC now owns 2,186,846 shares of the real estate investment trust’s stock valued at $77,174,000 after acquiring an additional 167,093 shares during the period. Drucker Wealth 3.0 LLC increased its position in Stag Industrial by 98.7% in the 3rd quarter. Drucker Wealth 3.0 LLC now owns 22,262 shares of the real estate investment trust’s stock valued at $786,000 after acquiring an additional 11,059 shares during the period. Finally, NEOS Investment Management LLC raised its stake in shares of Stag Industrial by 102.3% during the third quarter. NEOS Investment Management LLC now owns 17,887 shares of the real estate investment trust’s stock valued at $631,000 after acquiring an additional 9,046 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 company, which engages in acquiring, owning, and managing single-tenant, industrial real estate assets. It offers industrial real estate operating platform to real estate ownership. The company was founded by Benjamin S. Butcher on July 21, 2010 and is headquartered in Boston, MA.