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

April 17, 2018 - By Vivian Currie

STAG Industrial, Inc. (NYSE:STAG) Logo

Investors sentiment decreased to 1.56 in Q4 2017. Its down 0.41, from 1.97 in 2017Q3. It worsened, as 18 investors sold STAG Industrial, Inc. shares while 54 reduced holdings. 24 funds opened positions while 88 raised stakes. 79.69 million shares or 4.13% more from 76.53 million shares in 2017Q3 were reported.
State Board Of Administration Of Florida Retirement Sys holds 39,434 shares or 0% of its portfolio. State Bank Of Montreal Can holds 201,063 shares or 0% of its portfolio. Etrade Cap Mngmt Limited Liability Corporation holds 42,601 shares. Kbc Nv holds 14,355 shares or 0% of its portfolio. Oak Ridge Investments Ltd Liability accumulated 644,255 shares or 0.84% of the stock. Verition Fund Mgmt Limited Liability accumulated 26,859 shares. Symphony Asset Management Ltd stated it has 0.06% of its portfolio in STAG Industrial, Inc. (NYSE:STAG). Baystate Wealth Mgmt Ltd Liability Corporation holds 0% or 918 shares in its portfolio. Envestnet Asset Mngmt has 0% invested in STAG Industrial, Inc. (NYSE:STAG) for 8,090 shares. Huntington Commercial Bank owns 1,854 shares. Sei Invests Comm has invested 0.01% in STAG Industrial, Inc. (NYSE:STAG). Virginia Retirement Et Al accumulated 20,400 shares. Renaissance Tech Lc accumulated 649,600 shares. California State Teachers Retirement Sys reported 149,410 shares or 0.01% of all its holdings. Phocas Corp holds 22,993 shares.

Since January 5, 2018, it had 1 buying transaction, and 4 sales for $4.33 million activity. 30,000 STAG Industrial, Inc. (NYSE:STAG) shares with value of $792,300 were sold by Mecke Stephen C. Jacoby Francis X III bought $25,000 worth of stock or 1,000 shares. Crooker William R also sold $842,188 worth of STAG Industrial, Inc. (NYSE:STAG) on Friday, January 5. $924,350 worth of STAG Industrial, Inc. (NYSE:STAG) was sold by King David G.

The stock of STAG Industrial, Inc. (STAG) formed an ascending triangle with $22.91 target or 6.00 % below today’s $24.37 share price. The 6 months triangle pattern indicates high risk for the $2.43B company. If the $22.91 price target is reached, the company will be worth $146.04M 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 1.80% or $0.43 during the last trading session, reaching $24.37. About 321,216 shares traded. STAG Industrial, Inc. (NYSE:STAG) has declined 4.93% since April 17, 2017 and is downtrending. It has underperformed by 16.48% the S&P500.

Analysts await STAG Industrial, Inc. (NYSE:STAG) to report earnings on May, 1. They expect $0.44 EPS, up 7.32 % or $0.03 from last year’s $0.41 per share. STAG’s profit will be $43.95M for 13.85 P/E if the $0.44 EPS becomes a reality. After $0.44 actual EPS reported by STAG Industrial, Inc. for the previous quarter, Wall Street now forecasts 0.00 % EPS growth.

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

Among 7 analysts covering Stag Industrial (NYSE:STAG), 6 have Buy rating, 0 Sell and 1 Hold. Therefore 86% are positive. Stag Industrial has $36.0 highest and $2700 lowest target. $29.17’s average target is 19.70% above currents $24.37 stock price. Stag Industrial had 10 analyst reports since October 30, 2017 according to SRatingsIntel. Ladenburg maintained the shares of STAG in report on Friday, November 3 with “Buy” rating. The stock of STAG Industrial, Inc. (NYSE:STAG) earned “Buy” rating by J.P. Morgan on Friday, December 15. The firm earned “Buy” rating on Monday, October 30 by Jefferies. The stock has “Buy” rating by Robert W. Baird on Monday, January 8. On Thursday, March 29 the stock rating was maintained by RBC Capital Markets with “Buy”. The firm earned “Overweight” rating on Friday, December 15 by JP Morgan. The stock has “Overweight” rating by JP Morgan on Monday, March 19. The stock of STAG Industrial, Inc. (NYSE:STAG) has “Buy” rating given on Thursday, February 15 by Jefferies. RBC Capital Markets maintained STAG Industrial, Inc. (NYSE:STAG) on Monday, February 26 with “Buy” rating.

STAG Industrial, Inc. (NYSE:STAG) Institutional Positions Chart

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