Stag Industrial (NYSE:STAG) Rating Lowered 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 report published on Wednesday morning, 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. “

Separately, ValuEngine cut shares of Stag Industrial from a buy rating to a hold rating in a report on Friday, July 19th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company. The stock has an average rating of Hold and an average price target of $30.63.

Stag Industrial stock opened at $29.96 on Wednesday. The stock has a market capitalization of $3.82 billion, a PE ratio of 16.59, a price-to-earnings-growth ratio of 4.24 and a beta of 0.92. Stag Industrial has a twelve month low of $23.24 and a twelve month high of $31.66. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.72. The company has a 50 day moving average of $29.18 and a 200-day moving average of $29.53.

Stag Industrial (NYSE:STAG) last released its quarterly earnings results on Tuesday, July 30th. The real estate investment trust reported $0.10 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.45 by ($0.35). The company had revenue of $96.65 million during the quarter, compared to analyst estimates of $97.90 million. Stag Industrial had a net margin of 20.06% and a return on equity of 4.57%. The firm’s quarterly revenue was up 13.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.45 EPS. Equities analysts anticipate that Stag Industrial will post 1.82 EPS for the current fiscal year.

The firm also recently announced a dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be issued a dividend of $0.119 per share. The ex-dividend date of this dividend is Friday, September 27th. Stag Industrial’s payout ratio is 79.89%.

In related news, EVP Jeffrey M. Sullivan sold 35,815 shares of the stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $29.37, for a total transaction of $1,051,886.55. Following the completion of the transaction, the executive vice president now owns 35,815 shares in the company, valued at $1,051,886.55. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.50% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Rehmann Capital Advisory Group boosted its holdings in Stag Industrial by 3,005.6% during the second quarter. Rehmann Capital Advisory Group now owns 1,118 shares of the real estate investment trust’s stock worth $34,000 after purchasing an additional 1,082 shares during the last quarter. Marshall Wace North America L.P. acquired a new position in Stag Industrial during the first quarter worth $36,000. Lindbrook Capital LLC boosted its holdings in Stag Industrial by 90.8% during the second quarter. Lindbrook Capital LLC now owns 1,891 shares of the real estate investment trust’s stock worth $57,000 after purchasing an additional 900 shares during the last quarter. Point72 Asset Management L.P. acquired a new position in Stag Industrial during the second quarter worth $67,000. Finally, First Interstate Bank acquired a new position in Stag Industrial during the second quarter worth $80,000. Institutional investors and hedge funds own 89.03% 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.

See Also: Why do companies engage in swaps?

Get a free copy of the Zacks research report on Stag Industrial (STAG)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for Stag Industrial (NYSE:STAG)

Receive News & Ratings for Stag Industrial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stag Industrial and related companies with MarketBeat.com's FREE daily email newsletter.