Somewhat Favorable News Coverage Somewhat Unlikely to Affect Stag Industrial (STAG) Stock Price
Headlines about Stag Industrial (NYSE:STAG) have been trending somewhat positive recently, according to Accern Sentiment. The research group scores the sentiment of press coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Stag Industrial earned a daily sentiment score of 0.17 on Accern’s scale. Accern also gave media headlines about the real estate investment trust an impact score of 46.44092987624 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the news stories that may have effected Accern’s analysis:
- This Morning’s Technical Outlook on REIT Stocks — First Industrial Realty Trust, Public Storage, STAG Industrial … – PR Newswire (press release) (prnewswire.com)
- Alabama-based manufacturing co. moves, expands Houston facility (finance.yahoo.com)
- Form SC 13G STAG Industrial, Inc. Filed by: Bank of New York Mellon Corp – StreetInsider.com (streetinsider.com)
- Stag Industrial (STAG) Scheduled to Post Earnings on Wednesday (americanbankingnews.com)
- STAG Indl Inc Stock Is an Under-the-Radar REIT Paying 5.7% – Investorplace.com (investorplace.com)
A number of brokerages recently commented on STAG. BidaskClub cut Stag Industrial from a “sell” rating to a “strong sell” rating in a report on Wednesday, October 25th. Zacks Investment Research cut Stag Industrial from a “hold” rating to a “sell” rating in a report on Thursday, January 25th. TheStreet upgraded Stag Industrial from a “c” rating to a “b-” rating in a report on Tuesday, November 14th. ValuEngine cut Stag Industrial from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Finally, JPMorgan Chase & Co. upgraded Stag Industrial from a “neutral” rating to an “overweight” rating and set a $30.00 target price for the company in a report on Friday, December 15th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the stock. Stag Industrial presently has an average rating of “Hold” and an average price target of $28.50.
In other news, EVP David G. King sold 35,000 shares of the firm’s stock in a transaction dated Friday, January 5th. The stock was sold at an average price of $26.41, for a total transaction of $924,350.00. Following the sale, the executive vice president now owns 35,364 shares of the company’s stock, valued at approximately $933,963.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Benjamin S. Butcher sold 68,180 shares of the firm’s stock in a transaction dated Friday, January 5th. The stock was sold at an average price of $26.41, for a total value of $1,800,633.80. Following the sale, the chief executive officer now directly owns 140,268 shares in the company, valued at approximately $3,704,477.88. The disclosure for this sale can be found here. Insiders sold a total of 165,069 shares of company stock valued at $4,359,472 in the last quarter. Company insiders own 2.00% of the company’s stock.
Stag Industrial Company Profile
STAG Industrial, Inc is a real estate investment trust. The Company is focused on the acquisition, ownership, and operation of single-tenant, industrial properties across the United States. As of December 31, 2016, the Company owned 314 buildings in 37 states with approximately 60.9 million rentable square feet, consisting of 243 warehouse/distribution buildings, 54 light manufacturing buildings, 16 flex/office buildings, and one building in redevelopment.
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