Worth Watching: Could Stag Industrial Inc Change Direction After Today’s Significant Decline?

Worth Watching: Could Stag Industrial Inc Change Direction After Today's Significant Decline?

The stock of Stag Industrial Inc (NYSE:STAG) is a huge mover today! The stock decreased 3.77% or $0.88 on October 5, hitting $22.47. Stag Industrial Inc (NYSE:STAG) has risen 26.49% since March 2, 2016 and is uptrending. It has outperformed by 18.23% the S&P500.
The move comes after 5 months negative chart setup for the $1.61B company. It was reported on Oct, 5 by Barchart.com. We have $21.12 PT which if reached, will make NYSE:STAG worth $96.60 million less.

Analysts await Stag Industrial Inc (NYSE:STAG) to report earnings on October, 25. They expect $0.39 earnings per share, 0.00% or $0.00 from last year’s $0.39 per share. STAG’s profit will be $27.94M for 14.40 P/E if the $0.39 EPS becomes a reality. After $0.38 actual earnings per share reported by Stag Industrial Inc for the previous quarter, Wall Street now forecasts 2.63% EPS growth.

Stag Industrial Inc (NYSE:STAG) Ratings Coverage

Out of 7 analysts covering Stag Industrial (NYSE:STAG), 3 rate it a “Buy”, 1 “Sell”, while 3 “Hold”. This means 43% are positive. Stag Industrial has been the topic of 11 analyst reports since September 8, 2015 according to StockzIntelligence Inc. The firm earned “Hold” rating on Friday, January 22 by Jefferies. On Thursday, November 12 the stock rating was initiated by BB&T Capital with “Underweight”. The company was downgraded on Friday, March 11 by Bank of America. As per Friday, August 5, the company rating was maintained by DA Davidson. The stock of Stag Industrial Inc (NYSE:STAG) earned “Hold” rating by BB&T Capital on Friday, February 26. The firm has “Hold” rating by Evercore given on Monday, June 13. Capital One upgraded the shares of STAG in a report on Wednesday, March 2 to “Overweight” rating. As per Tuesday, September 8, the company rating was maintained by Evercore. The rating was maintained by RBC Capital Markets on Friday, August 5 with “Outperform”.

According to Zacks Investment Research, “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.”

Insitutional Activity: The institutional sentiment increased to 1.47 in 2016 Q2. Its up 0.49, from 0.98 in 2016Q1. The ratio improved, as 14 funds sold all Stag Industrial Inc shares owned while 52 reduced positions. 28 funds bought stakes while 69 increased positions. They now own 51.95 million shares or 1.43% less from 52.70 million shares in 2016Q1.
Focused Wealth Management Inc holds 634 shares or 0.01% of its portfolio. Amer Group Inc owns 39,584 shares or 0% of their US portfolio. Wells Fargo & Mn reported 610,729 shares or 0.01% of all its holdings. Amica Retiree Trust holds 0.03% or 1,525 shares in its portfolio. Teachers Advsr last reported 109,802 shares in the company. State Street owns 1.18 million shares or 0% of their US portfolio. Sei Invests Communications, a Pennsylvania-based fund reported 10,570 shares. State Board Of Administration Of Florida Retirement Sys has 39,504 shares for 0% of their US portfolio. Baldwin Brothers Ma holds 0.01% of its portfolio in Stag Industrial Inc (NYSE:STAG) for 2,200 shares. Metropolitan Life Ny has invested 0.01% of its portfolio in Stag Industrial Inc (NYSE:STAG). Millennium Management Ltd Llc has 0.01% invested in the company for 154,123 shares. Texas Yale holds 40,000 shares or 0.09% of its portfolio. Hsbc Holdings Public Ltd Limited Liability Company accumulated 13,585 shares or 0% of the stock. Ig Investment Mgmt Limited holds 0% of its portfolio in Stag Industrial Inc (NYSE:STAG) for 50,620 shares. Price T Rowe Incorporated Md has invested 0% of its portfolio in Stag Industrial Inc (NYSE:STAG).

Insider Transactions: Since May 16, 2016, the stock had 1 insider buy, and 2 selling transactions for $221,681 net activity. 2,000 Stag Industrial Inc (NYSE:STAG) shares with value of $47,626 were bought by Butcher Benjamin S. Jacoby Francis X III sold $52,500 worth of Stag Industrial Inc (NYSE:STAG) on Monday, May 16. King David G had sold 9,550 shares worth $216,807.

More notable recent Stag Industrial Inc (NYSE:STAG) news were published by: Prnewswire.com which released: “STAG Industrial To Report Third Quarter 2016 Financial Results” on October 04, 2016, also Forbes.com with their article: “Ex-Dividend Reminder: STAG Industrial, US Bancorp and DiamondRock Hospitality” published on September 26, 2016, Forbes.com published: “STAG Industrial (STAG) Passes Through 6% Yield Mark” on June 27, 2016. More interesting news about Stag Industrial Inc (NYSE:STAG) were released by: Prnewswire.com and their article: “STAG Industrial Announces Second Quarter 2016 Results” published on August 02, 2016 as well as Prnewswire.com‘s news article titled: “STAG Industrial, Inc. Announces Pricing Of 3000000 Shares Of 6.875% Series C …” with publication date: March 10, 2016.

STAG Company Profile

STAG Industrial, Inc., incorporated on July 21, 2010, is a real estate investment trust. The Firm focuses on the acquisition and operation of single-tenant industrial properties across the United States. The Firm owns approximately 290 buildings in over 40 states with approximately 54.7 million rentable square feet, consisting of over 220 warehouse/distribution buildings, approximately 50 light manufacturing buildings and over 20 flex/office buildings. The Company’s operating partnership is STAG Industrial Operating Partnership, L.P. (Operating Partnership).

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