What Next for STAG Industrial, Inc. (STAG) After Forming Ascending Triangle?

December 8, 2017 - By Migdalia James

Investors sentiment increased to 1.97 in 2017 Q2. Its up 0.62, from 1.35 in 2017Q1. It improved, as 12 investors sold STAG Industrial, Inc. shares while 47 reduced holdings. 33 funds opened positions while 83 raised stakes. 73.85 million shares or 9.92% more from 67.19 million shares in 2017Q1 were reported.
Citigroup holds 41,970 shares. Anchor Advsrs Ltd, Massachusetts-based fund reported 13,610 shares. Westwood Gru invested in 2.43M shares. 45,931 are owned by First Allied Advisory Svcs Incorporated. Northwestern Mutual Wealth Comm holds 0% or 458 shares. Hall Laurie J Trustee has 4,250 shares for 0% of their portfolio. Strs Ohio stated it has 0.02% in STAG Industrial, Inc. (NYSE:STAG). Eagle Asset Management Incorporated accumulated 548,729 shares. Millennium Limited Co holds 0.03% or 655,174 shares in its portfolio. Moreover, Sigma Planning has 0.05% invested in STAG Industrial, Inc. (NYSE:STAG). Amer Century Cos Incorporated stated it has 508,398 shares or 0.01% of all its holdings. Panagora Asset Mgmt Inc holds 0.03% or 289,013 shares in its portfolio. California State Teachers Retirement holds 158,398 shares or 0.01% of its portfolio. 10,249 were reported by Sg Americas Limited Com. Moreover, Granahan Investment Mgmt Inc Ma has 0.59% invested in STAG Industrial, Inc. (NYSE:STAG) for 232,495 shares.

The stock of STAG Industrial, Inc. (STAG) formed an ascending triangle with $25.23 target or 9.00 % below today’s $27.72 share price. The 8 months triangle pattern indicates high risk for the $2.68 billion company. If the $25.23 price target is reached, the company will be worth $241.38 million 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 1.02% or $0.28 during the last trading session, reaching $27.72. About 428,357 shares traded. STAG Industrial, Inc. (NYSE:STAG) has risen 29.68% since December 8, 2016 and is uptrending. It has outperformed by 12.98% the S&P500.

Analysts await STAG Industrial, Inc. (NYSE:STAG) to report earnings on February, 15. They expect $0.44 earnings per share, up 4.76 % or $0.02 from last year’s $0.42 per share. STAG’s profit will be $42.57 million for 15.75 P/E if the $0.44 EPS becomes a reality. After $0.43 actual earnings per share reported by STAG Industrial, Inc. for the previous quarter, Wall Street now forecasts 2.33 % EPS growth.

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

Among 11 analysts covering Stag Industrial (NYSE:STAG), 8 have Buy rating, 1 Sell and 2 Hold. Therefore 73% are positive. Stag Industrial had 23 analyst reports since September 8, 2015 according to SRatingsIntel. The stock has “Hold” rating by BB&T Capital on Friday, February 26. RBC Capital Markets maintained the stock with “Outperform” rating in Friday, August 5 report. BB&T Capital initiated the stock with “Underweight” rating in Thursday, November 12 report. DA Davidson maintained the stock with “Buy” rating in Friday, August 5 report. CapitalOne upgraded the shares of STAG in report on Friday, October 14 to “Overweight” rating. Jefferies maintained it with “Buy” rating and $3100 target in Monday, July 17 report. Evercore upgraded the stock to “Outperform” rating in Monday, August 14 report. Jefferies initiated the stock with “Hold” rating in Friday, January 22 report. The stock has “Overweight” rating by Capital One on Wednesday, March 2. The rating was maintained by Ladenburg with “Buy” on Wednesday, August 2.

More recent STAG Industrial, Inc. (NYSE:STAG) news were published by: Seekingalpha.com which released: “STAG Industrial: Booming 5% Yield With Room To Run, But Watch It Closely” on November 19, 2017. Also Seekingalpha.com published the news titled: “Stag Industrial Has More Upside Remaining” on November 29, 2017. Seekingalpha.com‘s news article titled: “STAG Industrial: Be Fearful When Others Are Greedy” with publication date: November 26, 2017 was also an interesting one.

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