Stag Industrial Got Some Good NewsBy Ryan Adsit
According to TipRanks.com, Petersen is a 3-star analyst with an average return of 1.5% and a 47.5% success rate. Petersen covers the Financial sector, focusing on stocks such as Government Properties Income Trust, Easterly Government Properties, and First Industrial Realty Trust.
Stag Industrial has an analyst consensus of Moderate Buy.
Based on Stag Industrial’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $60.86 million and GAAP net loss of $280K. In comparison, last year the company earned revenue of $56.99 million and had a GAAP net loss of $4.42 million.
Based on the recent corporate insider activity of 32 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of STAG in relation to earlier this year. Most recently, in September 2015, Geoffrey Jervis, the CFO, EVP and Treasurer of STAG bought 6,000 shares for a total of $101,040.
STAG Industrial, Inc. engages in investment business with interests in real estate. Its activities include acquisition, and management of single-tenant, industrial real properties assets in the United States. The company was founded by Benjamin S. Butcher on July 21, 2010 and is headquartered in Boston, MA.