Royal Bank Of Canada Issues Positive Forecast for Stag Industrial (NYSE:STAG) Stock Price

Stag Industrial (NYSE:STAG) had its price target raised by equities research analysts at Royal Bank Of Canada from $38.00 to $42.00 in a report released on Thursday,Benzinga reports. The brokerage presently has a “sector perform” rating on the real estate investment trust’s stock. Royal Bank Of Canada’s target price points to a potential upside of 9.72% from the company’s previous close.

Other research analysts also recently issued reports about the stock. Evercore ISI upped their target price on shares of Stag Industrial from $41.00 to $42.00 and gave the company an “outperform” rating in a research note on Friday, October 31st. Weiss Ratings reiterated a “hold (c+)” rating on shares of Stag Industrial in a research note on Wednesday, October 8th. Industrial Alliance Securities set a $37.00 price objective on shares of Stag Industrial in a research note on Wednesday, October 1st. Cantor Fitzgerald initiated coverage on shares of Stag Industrial in a research note on Wednesday, October 1st. They set a “neutral” rating and a $37.00 price objective on the stock. Finally, Robert W. Baird increased their price objective on shares of Stag Industrial from $38.00 to $39.00 and gave the stock a “neutral” rating in a report on Tuesday. Two equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $38.86.

Stag Industrial Trading Down 1.0%

Shares of NYSE:STAG traded down $0.37 during mid-day trading on Thursday, reaching $38.28. 225,334 shares of the company were exchanged, compared to its average volume of 1,480,250. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.31 and a quick ratio of 1.31. The firm has a market cap of $7.15 billion, a price-to-earnings ratio of 29.49 and a beta of 0.95. The firm’s 50-day simple moving average is $36.71 and its 200 day simple moving average is $35.81. Stag Industrial has a 1 year low of $28.61 and a 1 year high of $39.01.

Stag Industrial (NYSE:STAG) last issued its quarterly earnings results on Wednesday, October 29th. The real estate investment trust reported $0.65 EPS for the quarter, beating the consensus estimate of $0.63 by $0.02. Stag Industrial had a net margin of 29.24% and a return on equity of 6.82%. The company had revenue of $211.12 million during the quarter, compared to analysts’ expectations of $210.26 million. During the same quarter last year, the company posted $0.60 EPS. The firm’s revenue was up 10.7% compared to the same quarter last year. Equities research analysts forecast that Stag Industrial will post 2.47 EPS for the current year.

Insider Transactions at Stag Industrial

In other Stag Industrial news, Director Larry T. Guillemette sold 2,004 shares of the company’s stock in a transaction dated Tuesday, September 23rd. The shares were sold at an average price of $35.20, for a total transaction of $70,540.80. Following the transaction, the director directly owned 38,666 shares in the company, valued at approximately $1,361,043.20. This represents a 4.93% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Benjamin S. Butcher sold 25,000 shares of the firm’s stock in a transaction on Friday, September 5th. The shares were sold at an average price of $36.91, for a total value of $922,750.00. Following the sale, the director directly owned 7,562 shares of the company’s stock, valued at $279,113.42. This represents a 76.78% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 1.10% of the company’s stock.

Institutional Trading of Stag Industrial

Institutional investors have recently added to or reduced their stakes in the stock. Private Trust Co. NA increased its position in shares of Stag Industrial by 2,183.9% during the 2nd quarter. Private Trust Co. NA now owns 708 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 677 shares during the last quarter. Chung Wu Investment Group LLC purchased a new stake in Stag Industrial in the 2nd quarter worth approximately $29,000. Avalon Trust Co bought a new position in Stag Industrial during the 1st quarter valued at approximately $36,000. Keystone Global Partners LLC bought a new position in Stag Industrial during the 1st quarter valued at approximately $41,000. Finally, Root Financial Partners LLC bought a new position in Stag Industrial during the 3rd quarter valued at approximately $43,000. 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 company, which engages in acquiring, owning, and managing single-tenant, industrial real estate assets. It offers industrial real estate operating platform to real estate ownership. The company was founded by Benjamin S. Butcher on July 21, 2010 and is headquartered in Boston, MA.