What’s Next for STAG Industrial, Inc. (STAG) After Forming Ascending Triangle Chart Pattern?

December 8, 2017 - By Marry Poplack

Investors sentiment increased to 1.97 in 2017 Q2. Its up 0.62, from 1.35 in 2017Q1. It is positive, as 12 investors sold STAG Industrial, Inc. shares while 47 reduced holdings. 33 funds opened positions while 83 raised stakes. 73.85 million shares or 9.92% more from 67.19 million shares in 2017Q1 were reported.
Advantus Cap Mgmt holds 0.14% or 192,325 shares in its portfolio. Retail Bank Of New York Mellon reported 4.95M shares. Oppenheimer Asset Incorporated has 2,086 shares for 0% of their portfolio. Credit Agricole S A holds 0% or 53,076 shares in its portfolio. Shikiar Asset Mngmt Inc owns 20,200 shares or 0.24% of their US portfolio. Westfield Capital Mngmt Com L P holds 0.17% or 714,886 shares in its portfolio. Quantbot Techs L P owns 0.02% invested in STAG Industrial, Inc. (NYSE:STAG) for 9,547 shares. Da Davidson & Communication stated it has 0% of its portfolio in STAG Industrial, Inc. (NYSE:STAG). Motley Fool Asset Management Ltd Company has invested 0.94% in STAG Industrial, Inc. (NYSE:STAG). Great West Life Assurance Can has 9,471 shares. Ny State Common Retirement Fund holds 0% in STAG Industrial, Inc. (NYSE:STAG) or 95,600 shares. Prudential Fin Inc reported 0.06% in STAG Industrial, Inc. (NYSE:STAG). Bancshares Of America De has 187,442 shares for 0% of their portfolio. Sigma Planning Corp has invested 0.05% of its portfolio in STAG Industrial, Inc. (NYSE:STAG). Advsr Asset Mgmt holds 0.01% in STAG Industrial, Inc. (NYSE:STAG) or 32,147 shares.

The stock of STAG Industrial, Inc. (STAG) formed an ascending triangle with $25.23 target or 9.00 % below today’s $27.72 share price. The 8 months triangle pattern indicates high risk for the $2.68 billion company. If the $25.23 price target is reached, the company will be worth $241.38 million less.
The ascending triangle is a questionable performer despite its reputation as a reliable chart pattern. The ascending triangle has break even failure rate for up and down breakouts of 13% and 11%, respectively. The average rise and decline is 35% and 19%. The throwback or so called pullback rates are: 57% and 49%. The stocks meeting their targets is high for this type of breakout: 75% and 68% percent.

The stock increased 1.02% or $0.28 during the last trading session, reaching $27.72. About 428,357 shares traded. STAG Industrial, Inc. (NYSE:STAG) has risen 29.68% since December 8, 2016 and is uptrending. It has outperformed by 12.98% the S&P500.

Analysts await STAG Industrial, Inc. (NYSE:STAG) to report earnings on February, 15. They expect $0.44 EPS, up 4.76 % or $0.02 from last year’s $0.42 per share. STAG’s profit will be $42.57M for 15.75 P/E if the $0.44 EPS becomes a reality. After $0.43 actual EPS reported by STAG Industrial, Inc. for the previous quarter, Wall Street now forecasts 2.33 % EPS growth.

STAG Industrial, Inc. (NYSE:STAG) Ratings Coverage

Among 11 analysts covering Stag Industrial (NYSE:STAG), 8 have Buy rating, 1 Sell and 2 Hold. Therefore 73% are positive. Stag Industrial had 23 analyst reports since September 8, 2015 according to SRatingsIntel. The firm has “Buy” rating by Evercore given on Tuesday, September 8. The stock has “Outperform” rating by Raymond James on Wednesday, August 9. The rating was upgraded by Evercore on Monday, August 14 to “Outperform”. The company was maintained on Friday, August 5 by RBC Capital Markets. As per Sunday, August 20, the company rating was maintained by Jefferies. The company was maintained on Monday, July 17 by Jefferies. The company was initiated on Thursday, November 12 by BB&T Capital. The company was downgraded on Monday, June 13 by Evercore. The stock of STAG Industrial, Inc. (NYSE:STAG) has “Buy” rating given on Friday, June 23 by Jefferies. The rating was initiated by Jefferies on Friday, January 22 with “Hold”.

More recent STAG Industrial, Inc. (NYSE:STAG) news were published by: Seekingalpha.com which released: “STAG Industrial: Booming 5% Yield With Room To Run, But Watch It Closely” on November 19, 2017. Also Seekingalpha.com published the news titled: “Stag Industrial Has More Upside Remaining” on November 29, 2017. Seekingalpha.com‘s news article titled: “STAG Industrial: Be Fearful When Others Are Greedy” with publication date: November 26, 2017 was also an interesting one.

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