Stag Industrial (STAG) Downgraded by Zacks Investment Research to “Sell”

Stag Industrial (NYSE:STAG) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Friday, 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. “

Several other research analysts have also recently weighed in on the company. LADENBURG THALM/SH SH boosted their price target on Stag Industrial from $31.00 to $32.00 and gave the stock a “buy” rating in a research note on Wednesday, February 20th. DA Davidson boosted their price target on Stag Industrial to $32.00 and gave the stock a “neutral” rating in a research note on Thursday, April 4th. ValuEngine upgraded Stag Industrial from a “hold” rating to a “buy” rating in a research note on Friday, February 8th. Berenberg Bank initiated coverage on Stag Industrial in a research note on Tuesday, April 23rd. They issued a “hold” rating and a $30.00 price target for the company. Finally, TheStreet upgraded Stag Industrial from a “c+” rating to a “b” rating in a research note on Thursday, February 21st. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $29.25.

STAG stock opened at $29.61 on Friday. Stag Industrial has a 1-year low of $23.24 and a 1-year high of $29.89. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.28 and a quick ratio of 1.28. The firm has a market capitalization of $3.72 billion, a PE ratio of 16.54, a price-to-earnings-growth ratio of 3.35 and a beta of 1.04.

Stag Industrial (NYSE:STAG) last posted its quarterly earnings results on Tuesday, April 30th. The real estate investment trust reported $0.05 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by ($0.39). Stag Industrial had a return on equity of 4.63% and a net margin of 19.44%. The business had revenue of $95.70 million during the quarter, compared to analysts’ expectations of $95.19 million. During the same quarter in the prior year, the firm earned $0.43 EPS. The firm’s revenue for the quarter was up 14.9% compared to the same quarter last year. As a group, research analysts anticipate that Stag Industrial will post 1.83 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently modified their holdings of the stock. Zimmer Partners LP grew its holdings in shares of Stag Industrial by 77.0% in the first quarter. Zimmer Partners LP now owns 4,500,000 shares of the real estate investment trust’s stock worth $133,425,000 after acquiring an additional 1,957,917 shares during the period. Ladenburg Thalmann Financial Services Inc. grew its holdings in shares of Stag Industrial by 23.6% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 69,396 shares of the real estate investment trust’s stock worth $2,057,000 after acquiring an additional 13,267 shares during the period. M&T Bank Corp bought a new stake in shares of Stag Industrial in the first quarter worth $224,000. Coastal Investment Advisors Inc. bought a new stake in shares of Stag Industrial in the first quarter worth $67,000. Finally, SEI Investments Co grew its holdings in shares of Stag Industrial by 34.0% in the first quarter. SEI Investments Co now owns 155,347 shares of the real estate investment trust’s stock worth $4,603,000 after acquiring an additional 39,399 shares during the period. 76.91% of the stock is owned by institutional investors.

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.

Featured Article: Terms to Better Understand Call Options

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.