Stag Industrial (NYSE:STAG) Cut to “Sell” at Wall Street Zen

Wall Street Zen cut shares of Stag Industrial (NYSE:STAG) from a hold rating to a sell rating in a report released on Monday morning.

A number of other equities analysts have also issued reports on STAG. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Stag Industrial in a research report on Friday, July 31st. Wells Fargo & Company decreased their price target on shares of Stag Industrial from $41.00 to $40.00 and set an “equal weight” rating for the company in a research report on Monday, June 1st. Barclays lifted their price target on shares of Stag Industrial from $38.00 to $41.00 and gave the stock an “underweight” rating in a research note on Thursday, July 16th. Robert W. Baird set a $138.00 price objective on shares of Stag Industrial in a research note on Friday, July 31st. Finally, Raymond James Financial initiated coverage on shares of Stag Industrial in a report on Wednesday, June 17th. They set an “outperform” rating and a $44.00 price objective for the company. Three equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $50.50.

Stag Industrial Price Performance

STAG opened at $37.26 on Monday. The company’s 50 day simple moving average is $38.61 and its 200 day simple moving average is $38.30. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.76 and a current ratio of 1.76. Stag Industrial has a 1 year low of $34.40 and a 1 year high of $42.61. The stock has a market capitalization of $7.18 billion, a PE ratio of 28.66 and a beta of 0.96.

Stag Industrial (NYSE:STAG) last issued its quarterly earnings results on Tuesday, July 28th. The real estate investment trust reported $0.28 EPS for the quarter, missing the consensus estimate of $0.65 by ($0.37). Stag Industrial had a return on equity of 6.79% and a net margin of 28.04%.The company had revenue of $224.37 million for the quarter, compared to analyst estimates of $223.04 million. During the same period last year, the company posted $0.63 EPS. The business’s revenue for the quarter was up 8.1% on a year-over-year basis. As a group, sell-side analysts expect that Stag Industrial will post 2.63 EPS for the current year.

Stag Industrial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be issued a dividend of $0.3875 per share. This represents a $1.55 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date of this dividend is Wednesday, September 30th. Stag Industrial’s dividend payout ratio (DPR) is currently 119.23%.

Institutional Investors Weigh In On Stag Industrial

A number of institutional investors have recently made changes to their positions in STAG. NewEdge Advisors LLC boosted its holdings in Stag Industrial by 17.6% in the first quarter. NewEdge Advisors LLC now owns 9,952 shares of the real estate investment trust’s stock worth $359,000 after purchasing an additional 1,491 shares during the period. Goldman Sachs Group Inc. raised its holdings in shares of Stag Industrial by 37.0% during the first quarter. Goldman Sachs Group Inc. now owns 1,671,949 shares of the real estate investment trust’s stock worth $60,391,000 after purchasing an additional 451,355 shares during the period. Empowered Funds LLC bought a new position in shares of Stag Industrial in the 1st quarter worth about $229,000. EverSource Wealth Advisors LLC lifted its position in shares of Stag Industrial by 270.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,436 shares of the real estate investment trust’s stock worth $52,000 after buying an additional 1,048 shares during the last quarter. Finally, First Trust Advisors LP boosted its holdings in shares of Stag Industrial by 173.4% in the 2nd quarter. First Trust Advisors LP now owns 177,756 shares of the real estate investment trust’s stock valued at $6,449,000 after buying an additional 112,747 shares during the period. 88.67% of the stock is currently owned by institutional investors.

Stag Industrial Company Profile

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.