Stag Industrial (NYSE:STAG) Downgraded to Underweight Rating by Barclays

Barclays downgraded shares of Stag Industrial (NYSE:STAG) from an equal weight rating to an underweight rating in a research report sent to investors on Tuesday morning, Marketbeat Ratings reports. The firm currently has $39.00 price target on the real estate investment trust’s stock, down from their prior price target of $40.00.

A number of other equities research analysts have also recently commented on the company. Wall Street Zen cut Stag Industrial from a “hold” rating to a “sell” rating in a research note on Saturday, January 3rd. Evercore ISI raised their target price on Stag Industrial from $41.00 to $42.00 and gave the stock an “outperform” rating in a report on Friday, October 31st. Robert W. Baird boosted their target price on Stag Industrial from $38.00 to $39.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 4th. Industrial Alliance Securities set a $39.00 price target on Stag Industrial in a research note on Tuesday. Finally, Wells Fargo & Company increased their price target on shares of Stag Industrial from $37.00 to $38.00 and gave the company an “equal weight” rating in a research report on Monday, November 10th. Three investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $39.33.

Stag Industrial Trading Up 0.2%

Shares of NYSE:STAG traded up $0.07 during trading on Tuesday, hitting $37.72. 469,737 shares of the company’s stock were exchanged, compared to its average volume of 1,254,016. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.89. The firm has a market cap of $7.04 billion, a P/E ratio of 29.02 and a beta of 1.06. The firm has a 50-day moving average price of $38.13 and a two-hundred day moving average price of $36.87. Stag Industrial has a 1-year low of $28.61 and a 1-year high of $39.73.

Stag Industrial (NYSE:STAG) last announced 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 net margin of 29.24% and a return on equity of 6.84%. The firm had revenue of $211.12 million for the quarter, compared to analysts’ expectations of $210.26 million. During the same period last year, the firm earned $0.60 earnings per share. The business’s revenue for the quarter was up 10.7% on a year-over-year basis. Equities analysts predict that Stag Industrial will post 2.47 earnings per share for the current year.

Stag Industrial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be given a dividend of $0.3875 per share. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $1.55 dividend on an annualized basis and a dividend yield of 4.1%. Stag Industrial’s dividend payout ratio (DPR) is currently 119.23%.

Insider Buying and Selling at Stag Industrial

In related news, EVP Michael Chase sold 13,144 shares of the business’s stock in a transaction that occurred on Wednesday, November 5th. The stock was sold at an average price of $38.75, for a total value of $509,330.00. Following the completion of the transaction, the executive vice president directly owned 9,422 shares in the company, 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 Securities & Exchange Commission, which can be accessed through this hyperlink. 1.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of STAG. Norges Bank bought a new stake in shares of Stag Industrial during the second quarter worth $282,893,000. Cbre Investment Management Listed Real Assets LLC increased its holdings in Stag Industrial by 82.3% during the 2nd quarter. Cbre Investment Management Listed Real Assets LLC now owns 3,533,588 shares of the real estate investment trust’s stock worth $128,199,000 after purchasing an additional 1,595,238 shares in the last quarter. Balyasny Asset Management L.P. raised its stake in shares of Stag Industrial by 1,818.4% in the 3rd quarter. Balyasny Asset Management L.P. now owns 570,931 shares of the real estate investment trust’s stock valued at $20,148,000 after purchasing an additional 541,170 shares during the period. Goldman Sachs Group Inc. raised its stake in shares of Stag Industrial by 37.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,671,949 shares of the real estate investment trust’s stock valued at $60,391,000 after purchasing an additional 451,355 shares during the period. Finally, Prudential Financial Inc. lifted its holdings in shares of Stag Industrial by 57.0% in the second quarter. Prudential Financial Inc. now owns 1,147,243 shares of the real estate investment trust’s stock valued at $41,622,000 after purchasing an additional 416,415 shares in the last quarter. 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.