Stag Industrial (STAG) Getting Somewhat Positive Press Coverage, Report Shows

News articles about Stag Industrial (NYSE:STAG) have been trending somewhat positive recently, according to Accern Sentiment. The research group rates the sentiment of press coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Stag Industrial earned a media sentiment score of 0.13 on Accern’s scale. Accern also assigned media stories about the real estate investment trust an impact score of 45.6102343796045 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

A number of research firms have commented on STAG. TheStreet upgraded shares of Stag Industrial from a “c” rating to a “b-” rating in a research report on Tuesday, November 14th. ValuEngine lowered shares of Stag Industrial from a “buy” rating to a “hold” rating in a research report on Friday. Ladenburg Thalmann Financial Services restated a “buy” rating on shares of Stag Industrial in a research report on Friday, November 3rd. BidaskClub upgraded shares of Stag Industrial from a “strong sell” rating to a “sell” rating in a research report on Saturday, November 4th. Finally, JPMorgan Chase & Co. upgraded shares of Stag Industrial from a “neutral” rating to an “overweight” rating and set a $30.00 price target on the stock in a research report on Friday, December 15th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $28.50.

Shares of Stag Industrial (NYSE:STAG) traded up $0.04 during mid-day trading on Tuesday, hitting $23.73. 1,121,836 shares of the stock were exchanged, compared to its average volume of 612,024. Stag Industrial has a 12 month low of $23.09 and a 12 month high of $28.95. The firm has a market capitalization of $2,230.00, a price-to-earnings ratio of 43.15, a price-to-earnings-growth ratio of 2.61 and a beta of 1.09. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.09 and a quick ratio of 0.09.

In other news, COO Stephen C. Mecke sold 30,000 shares of the company’s stock in a transaction that occurred on Friday, January 5th. The shares were sold at an average price of $26.41, for a total transaction of $792,300.00. Following the transaction, the chief operating officer now directly owns 32,000 shares in the company, valued at $845,120. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO William R. Crooker sold 31,889 shares of the company’s stock in a transaction that occurred on Friday, January 5th. The stock was sold at an average price of $26.41, for a total transaction of $842,188.49. Following the transaction, the chief financial officer now owns 46,493 shares in the company, valued at $1,227,880.13. The disclosure for this sale can be found here. Insiders have sold 165,069 shares of company stock worth $4,359,472 over the last quarter. 2.00% of the stock is owned by company insiders.

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Stag Industrial Company Profile

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.

Insider Buying and Selling by Quarter for Stag Industrial (NYSE:STAG)

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