JPMorgan Chase & Co. Issues Positive Forecast for Stag Industrial (NYSE:STAG) Stock Price

Stag Industrial (NYSE:STAG) had its price objective upped by investment analysts at JPMorgan Chase & Co. from $39.00 to $40.00 in a research report issued on Thursday,Benzinga reports. The firm presently has a “neutral” rating on the real estate investment trust’s stock. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 4.82% from the stock’s current price.

Several other equities research analysts also recently commented on STAG. iA Financial set a $39.00 target price on shares of Stag Industrial in a research report on Tuesday, January 13th. Wall Street Zen raised shares of Stag Industrial from a “sell” rating to a “hold” rating in a report on Saturday, February 7th. Weiss Ratings reiterated a “buy (b)” rating on shares of Stag Industrial in a research report on Monday, December 22nd. Royal Bank Of Canada raised their target price on shares of Stag Industrial from $38.00 to $42.00 and gave the stock a “sector perform” rating in a research report on Thursday, November 6th. Finally, Robert W. Baird set a $40.00 price objective on shares of Stag Industrial in a report on Tuesday. Three research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Stag Industrial currently has an average rating of “Hold” and a consensus target price of $39.50.

Stag Industrial Trading Down 0.1%

Shares of STAG stock traded down $0.04 during trading hours on Thursday, reaching $38.16. The company had a trading volume of 133,255 shares, compared to its average volume of 1,617,653. The company has a 50 day moving average of $37.65 and a 200 day moving average of $37.24. The firm has a market cap of $7.29 billion, a price-to-earnings ratio of 26.14 and a beta of 1.06. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.90 and a quick ratio of 1.90. Stag Industrial has a 1-year low of $28.61 and a 1-year high of $39.88.

Stag Industrial (NYSE:STAG) last issued its quarterly earnings data on Wednesday, February 11th. The real estate investment trust reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.03. Stag Industrial had a net margin of 32.35% and a return on equity of 7.68%. The company had revenue of $220.90 million for the quarter, compared to analyst estimates of $213.66 million. During the same period in the prior year, the firm earned $0.61 earnings per share. The company’s revenue was up 10.8% on a year-over-year basis. On average, equities research analysts anticipate that Stag Industrial will post 2.47 EPS for the current year.

Institutional Investors Weigh In On Stag Industrial

A number of institutional investors and hedge funds have recently added to or reduced their stakes in STAG. Mercer Global Advisors Inc. ADV grew its position in shares of Stag Industrial by 1.2% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 30,515 shares of the real estate investment trust’s stock worth $1,122,000 after buying an additional 367 shares in the last quarter. Beacon Pointe Advisors LLC acquired a new stake in shares of Stag Industrial in the 4th quarter worth approximately $237,000. State of Tennessee Department of Treasury raised its position in shares of Stag Industrial by 4.1% in the fourth quarter. State of Tennessee Department of Treasury now owns 477,763 shares of the real estate investment trust’s stock valued at $17,921,000 after buying an additional 18,738 shares during the last quarter. Mackenzie Financial Corp acquired a new position in shares of Stag Industrial in the 4th quarter valued at $25,459,000. Finally, NewEdge Advisors LLC grew its stake in shares of Stag Industrial by 50.2% in the fourth quarter. NewEdge Advisors LLC now owns 17,573 shares of the real estate investment trust’s stock valued at $646,000 after buying an additional 5,873 shares in the last quarter. Hedge funds and other institutional investors own 88.67% of the company’s stock.

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.