Stag Industrial Inc (STAG) was Upgraded by CapitalOne to ” Overweight”. Earlier the firm had a rating of “Equal Weight ” on the company shares. CapitalOne advised their investors in a research report released on Oct 14, 2016.
Many Wall Street Analysts have commented on Stag Industrial Inc. Company shares were Reiterated by DA Davidson on Aug 5, 2016 to “Buy”, Firm has raised the Price Target to $ 26 from a previous price target of $25 .Company shares were Reiterated by RBC Capital Mkts on Aug 5, 2016 to “Outperform”, Firm has raised the Price Target to $ 26 from a previous price target of $22 .Stag Industrial Inc was Downgraded by CapitalOne to ” Equal Weight” on Jul 18, 2016.
On the company’s financial health, Stag Industrial Inc reported $0.38 EPS for the quarter, based on the information available during the earnings call on Aug 2, 2016. Analyst had a consensus estimate of $0.38. The company had revenue of $60.24 million for the quarter, compared to analysts expectations of $60.56 million. The company’s revenue was up 14.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.36 EPS.
Stag Industrial Inc closed down -0.26 points or -1.15% at $22.41 with 3,73,824 shares getting traded on Tuesday. Post opening the session at $22.63, the shares hit an intraday low of $22.285 and an intraday high of $22.74 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.
In a different news, on Sep 28, 2016, Larry T Guillemette (director) purchased 10,500 shares at $24.91 per share price. According to the SEC, on Sep 12, 2016, Benjamin S Butcher (CEO) purchased 2,000 shares at $23.81 per share price. On Jun 14, 2016, David G King (EVP and Director-Real Estate) sold 9,550 shares at $22.70 per share price, according to the Form-4 filing with the securities and exchange commission.
STAG Industrial Inc. is focused on the acquisition and operation of single-tenant industrial properties throughout the United States. As of December 31 2014 The Company owned 248 buildings in 36 states with approximately 47.0 million rentable square feet consisting of 178 warehouse/distribution buildings 50 light manufacturing buildings and 20 flex/office buildings. The Company owns two developable vacant land parcels adjacent to two of its buildings. As of December 31 2014 its buildings were 94.9% leased to 227 tenants with no single tenant accounting for more than 2.3% of its total annualized rent and no single industry accounting for more than 12.1% of its total annualized rent.