STAG Industrial Inc. (NYSE:STAG) finished Friday with an addition of $0.36 to close at $36.38, an upside of 1.00 percent. An average of 1,033,860 shares of common stock have been traded in the last five days. There was a gain of $1.29 in the past week, and it reached a new high 19 times over the past 12 months. The last 20 days have seen an average of 1,010,715 shares traded, while the 50-day average volume stands at 1,682,286.
STAG stock has decreased by -2.05% in the last month. The company shares reached their 1-month lowest point of $34.56 on 08/21/23. With the stock rallying to its 52-week high on 07/27/23, shares of the company touched a low of $26.56 and a high of $38.83 in 52 weeks. It has reached a new high 17 times so far this year and achieved 12.60% or $4.07 in price. In spite of this, the price is down -6.31% from the 52-week high.
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Insider Transactions
STAG stock investors should be aware that STAG Industrial Inc. (STAG) stock had its last reported insider trading activity 26 days ago on Jul 31. In this transaction, the insider spent $1,094,040. EXECUTIVE CHAIR, Butcher Benjamin S, disposed of 31,780 shares at a price of $34.90 on May 03. The insider now owns more than $1,109,189 worth of shares. Prior to that, EXECUTIVE CHAIR Butcher Benjamin S went on to Sale 3,220 shares at $35.02 each on May 02. An amount of $112,755 was transacted.
Valuation Metrics
STAG Industrial Inc. (STAG) has a trailing price-to-earnings (P/E) ratio of 33.65. The stock’s beta is 0.99. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 9.50, the price-to-book (PB) ratio at 1.94, and the price-to-cash flow ratio at 75.71.
Financial Health
Further, the company has a long term debt to equity ratio of 0.72 and a total debt to equity ratio of 0.72 for the quarter ending June 30. Its gross profit as reported stood at $203.5 million compared to revenue of $657.35 million.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, STAG Industrial Inc.’s return on assets was 3.20%.
Earnings Surprise
For the three-month period that ended June 30, STAG Industrial Inc. had $1.03 billion in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $51.55 million in the quarter, while revenues of $49.41 million were grew 37.3%. The analyst consensus anticipated STAG Industrial Inc.’s latest quarter earnings to come in at $0.17 per share, but it turned out to be $0.29, a 70.60% surprise. For the quarter, EBITDA amounted to $126.54 million. At the end of the quarter ending June 30, STAG Industrial Inc.’s stock balance sheet showed total debt was $2.48 billion. Shareholders own equity worth $179.66 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at STAG Industrial Inc. (STAG) price momentum. RSI 9-day as of the close on 25 August was 58.52%, suggesting the stock is Neutral, with historical volatility in this time frame at 19.23%.
As of today, STAG’s price is $35.82 +3.68% or $1.29 from its 5-day moving average. STAG is currently trading +0.14% higher than its 20-day SMA and +8.82% higher than its 100-day SMA. However, the stock’s current price level is -0.74% below the SMA50 and +14.40% above the SMA200.
The stochastic %K and %D were 77.67% and 63.89%, respectively, and the average true range (ATR) was 0.67. With the 14-day stochastic at 81.61% and the average true range at 0.67, the RSI (14) stands at 54.01%. The stock has reached 0.70 on the 9-day MACD Oscillator while the 14-day reading was at 0.60.
Analyst Ratings
BMO Capital Markets launched coverage on STAG Industrial Inc. (NYSE: STAG) in its analyst report released on February 06, 2023. The firm assigned the stock an Outperform rating. The consensus rating for STAG Industrial Inc. (STAG) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell STAG, while 3 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 2 analysts, while 4 others rate it as a “buy”.
What is STAG’s price target for the next 12 months?
Analysts predict a range of price targets between $36.00 and $42.00, with a median target of $39.50. Taking a look at these predictions, the average price target given by analysts for STAG Industrial Inc. (STAG) stock is $39.30.
