STAG Industrial, Inc. (STAG) Formed Ascending Triangle; Sellers Are Thriving

April 17, 2018 - By Ann Prendergast

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 turned negative, 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.
Panagora Asset Management has 287,203 shares for 0.03% of their portfolio. New York-based Teachers And Annuity Association Of America has invested 0.14% in STAG Industrial, Inc. (NYSE:STAG). Lazard Asset Limited Liability Company stated it has 17,500 shares. Bessemer reported 0% stake. Alpine Woods Ltd Limited Liability Company invested in 32,537 shares. Baldwin Brothers Incorporated Ma stated it has 0.01% of its portfolio in STAG Industrial, Inc. (NYSE:STAG). Blackrock Inc stated it has 8.39 million shares or 0.01% of all its holdings. Paradigm Asset Mngmt Co Ltd Liability owns 2,500 shares. Advisors Asset Mgmt Incorporated invested in 35,020 shares or 0.02% of the stock. Moreover, State Board Of Administration Of Florida Retirement Sys has 0% invested in STAG Industrial, Inc. (NYSE:STAG). Forward Mngmt Ltd Liability reported 757,306 shares. Virtu Limited Liability Corporation invested in 0.01% or 10,165 shares. Oak Ridge Investments Limited Co stated it has 0.84% in STAG Industrial, Inc. (NYSE:STAG). Us Financial Bank De owns 15,267 shares. Huntington Retail Bank holds 1,854 shares or 0% of its portfolio.

Since January 5, 2018, it had 1 buying transaction, and 4 sales for $4.33 million activity. Another trade for 68,180 shares valued at $1.80 million was made by Butcher Benjamin S on Friday, January 5. Jacoby Francis X III bought $25,000 worth of STAG Industrial, Inc. (NYSE:STAG) on Thursday, March 22. The insider Mecke Stephen C sold 30,000 shares worth $792,300. Crooker William R sold 31,889 shares worth $842,188.

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 earnings per share, up 7.32 % or $0.03 from last year’s $0.41 per share. STAG’s profit will be $43.95 million for 13.85 P/E if the $0.44 EPS becomes a reality. After $0.44 actual earnings per share 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. JP Morgan maintained it with “Overweight” rating and $27 target in Monday, March 19 report. The rating was maintained by Jefferies on Thursday, February 15 with “Buy”. The rating was maintained by Robert W. Baird on Monday, January 8 with “Buy”. Ladenburg maintained STAG Industrial, Inc. (NYSE:STAG) on Friday, November 3 with “Buy” rating. The rating was maintained by RBC Capital Markets with “Buy” on Thursday, March 29. The stock has “Buy” rating by RBC Capital Markets on Monday, February 26. The rating was upgraded by J.P. Morgan on Friday, December 15 to “Buy”. JP Morgan upgraded STAG Industrial, Inc. (NYSE:STAG) on Friday, December 15 to “Overweight” rating. The firm has “Buy” rating by Jefferies given on Monday, October 30.

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

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