Raymond James Financial Upgrades Stag Industrial (NYSE:STAG) to “Moderate Buy”

Stag Industrial (NYSE:STAG) was upgraded by stock analysts at Raymond James Financial to a “moderate buy” rating in a research report issued on Wednesday,Zacks.com reports.

STAG has been the topic of several other research reports. Barclays decreased their price target on Stag Industrial from $39.00 to $38.00 and set an “underweight” rating on the stock in a report on Tuesday, May 5th. JPMorgan Chase & Co. boosted their price objective on Stag Industrial from $39.00 to $40.00 and gave the stock a “neutral” rating in a report on Thursday, February 19th. Robert W. Baird set a $40.00 target price on shares of Stag Industrial in a research report on Tuesday, February 17th. Evercore reaffirmed an “outperform” rating and issued a $44.00 target price on shares of Stag Industrial in a research note on Wednesday, April 29th. Finally, Weiss Ratings cut shares of Stag Industrial from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, May 4th. Three analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $40.40.

Stag Industrial Stock Performance

STAG stock opened at $37.81 on Wednesday. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.57 and a quick ratio of 1.57. The company has a 50 day moving average price of $38.26 and a 200 day moving average price of $37.96. Stag Industrial has a fifty-two week low of $33.72 and a fifty-two week high of $39.99. The stock has a market capitalization of $7.23 billion, a PE ratio of 29.31 and a beta of 0.98.

Stag Industrial (NYSE:STAG) last announced its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported $0.32 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.09. The firm had revenue of $224.21 million for the quarter, compared to analyst estimates of $221.51 million. Stag Industrial had a return on equity of 6.80% and a net margin of 28.25%.The business’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same period last year, the company earned $0.61 EPS. Analysts forecast that Stag Industrial will post 2.63 EPS for the current year.

Hedge Funds Weigh In On Stag Industrial

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. NewEdge Advisors LLC boosted its stake in Stag Industrial by 102.5% during the 1st quarter. NewEdge Advisors LLC now owns 35,577 shares of the real estate investment trust’s stock worth $1,283,000 after acquiring an additional 18,004 shares during the last quarter. Segall Bryant & Hamill LLC raised its holdings in Stag Industrial by 1.2% in the first quarter. Segall Bryant & Hamill LLC now owns 1,247,215 shares of the real estate investment trust’s stock worth $44,975,000 after purchasing an additional 14,555 shares during the period. Groupe la Francaise acquired a new stake in Stag Industrial in the first quarter worth $554,000. Norris Financial Group LLC acquired a new stake in Stag Industrial in the first quarter worth $1,939,000. Finally, Cim Investment Management Inc. boosted its position in shares of Stag Industrial by 50.7% during the first quarter. Cim Investment Management Inc. now owns 11,522 shares of the real estate investment trust’s stock worth $415,000 after purchasing an additional 3,875 shares in the last quarter. Institutional investors own 88.67% of the company’s stock.

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.