TheStreet Lowers Stag Industrial (STAG) to C+

TheStreet downgraded shares of Stag Industrial (NYSE:STAG) from a b- rating to a c+ rating in a report released on Tuesday morning.

STAG has been the topic of several other research reports. ValuEngine raised shares of Stag Industrial from a hold rating to a buy rating in a research note on Friday, September 1st. BidaskClub cut shares of Stag Industrial from a hold rating to a sell rating in a research note on Friday, October 6th. UBS raised shares of Stag Industrial from a sell rating to a neutral rating and lifted their price objective for the stock from $21.00 to $28.00 in a research note on Friday, September 8th. Jefferies Group reaffirmed a buy rating and issued a $32.00 price objective on shares of Stag Industrial in a research note on Tuesday, September 26th. Finally, J P Morgan Chase & Co raised shares of Stag Industrial from a neutral rating to an overweight rating and set a $30.00 price objective on the stock in a research note on Friday, December 15th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the company’s stock. The stock has a consensus rating of Buy and a consensus target price of $28.50.

Stag Industrial (NYSE:STAG) opened at $27.25 on Tuesday. The stock has a market cap of $2,573.16, a P/E ratio of 16.38, a PEG ratio of 3.02 and a beta of 1.25. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.62. Stag Industrial has a 52 week low of $22.70 and a 52 week high of $28.95.

Stag Industrial (NYSE:STAG) last announced its quarterly earnings data on Thursday, November 2nd. The real estate investment trust reported $0.43 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.01. The company had revenue of $78.14 million for the quarter, compared to analysts’ expectations of $76.17 million. Stag Industrial had a net margin of 18.96% and a return on equity of 5.72%. The business’s revenue was up 24.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.40 EPS. research analysts expect that Stag Industrial will post 1.68 earnings per share for the current fiscal year.

The company also recently announced a monthly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Wednesday, February 28th will be given a $0.1183 dividend. This represents a $1.42 annualized dividend and a dividend yield of 5.21%. The ex-dividend date is Tuesday, February 27th. Stag Industrial’s dividend payout ratio (DPR) is currently 261.12%.

Several institutional investors have recently added to or reduced their stakes in STAG. San Francisco Sentry Investment Group CA purchased a new position in shares of Stag Industrial in the second quarter worth approximately $117,000. Verition Fund Management LLC acquired a new stake in shares of Stag Industrial during the second quarter worth approximately $200,000. Teacher Retirement System of Texas acquired a new stake in shares of Stag Industrial during the third quarter worth approximately $200,000. Federated Investors Inc. PA acquired a new stake in shares of Stag Industrial during the second quarter worth approximately $203,000. Finally, GAM Holding AG boosted its holdings in shares of Stag Industrial by 20.2% during the second quarter. GAM Holding AG now owns 7,566 shares of the real estate investment trust’s stock worth $209,000 after purchasing an additional 1,270 shares during the period. 82.06% of the stock is currently owned by institutional investors and hedge funds.

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About Stag Industrial

STAG Industrial, Inc is a real estate investment trust. The Company is focused on the acquisition, ownership, and operation of single-tenant, industrial properties across the United States. As of December 31, 2016, the Company owned 314 buildings in 37 states with approximately 60.9 million rentable square feet, consisting of 243 warehouse/distribution buildings, 54 light manufacturing buildings, 16 flex/office buildings, and one building in redevelopment.

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