Stag Industrial Inc (STAG) Forms Bearish Ascending Triangle; Strong Momentum for Sellers

November 21, 2017 - By Stephen Andrade

Investors sentiment increased to 1.97 in 2017 Q2. Its up 0.62, from 1.35 in 2017Q1. It is positive, 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.
Motley Fool Asset Lc reported 0.94% in Stag Industrial Inc (NYSE:STAG). Waddell & Reed holds 0.01% in Stag Industrial Inc (NYSE:STAG) or 245,000 shares. Ubs Asset Americas invested in 0% or 170,985 shares. Eagle Asset Management Incorporated, Florida-based fund reported 548,729 shares. Alyeska Investment Limited Partnership accumulated 42,053 shares or 0.01% of the stock. Susquehanna Int Group Ltd Liability Partnership has invested 0% in Stag Industrial Inc (NYSE:STAG). Oppenheimer Asset Mgmt Incorporated reported 0% stake. Westpac Banking owns 46,708 shares or 0% of their US portfolio. 115,540 are owned by King Luther Cap Mgmt. Federated Invsts Pa invested in 7,367 shares or 0% of the stock. New York State Common Retirement Fund holds 0% or 95,600 shares. Amp Capital Limited holds 0.01% of its portfolio in Stag Industrial Inc (NYSE:STAG) for 45,757 shares. Us National Bank & Trust De invested in 0% or 15,618 shares. Deutsche Fincl Bank Ag owns 688,952 shares. California Pub Employees Retirement System accumulated 154,900 shares or 0.01% of the stock.

The stock of Stag Industrial Inc (STAG) formed an ascending triangle with $26.33 target or 8.00 % below today’s $28.62 share price. The 7 months triangle pattern indicates high risk for the $2.69 billion company. If the $26.33 price target is reached, the company will be worth $215.20M 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.

About 90,892 shares traded. Stag Industrial Inc (NYSE:STAG) has risen 29.68% since November 21, 2016 and is uptrending. It has outperformed by 12.98% the S&P500.

Analysts expect Stag Industrial Inc (NYSE:STAG) to report $0.44 EPS on February, 15.They anticipate $0.02 EPS change or 4.76 % from last quarter’s $0.42 EPS. STAG’s profit would be $41.36 million giving it 16.26 P/E if the $0.44 EPS is correct. After having $0.43 EPS previously, Stag Industrial Inc’s analysts see 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. Evercore maintained the stock with “Buy” rating in Tuesday, September 8 report. As per Monday, June 13, the company rating was downgraded by Evercore. As per Sunday, August 20, the company rating was maintained by Jefferies. BB&T Capital initiated Stag Industrial Inc (NYSE:STAG) on Thursday, November 12 with “Underweight” rating. Jefferies maintained the shares of STAG in report on Monday, October 30 with “Buy” rating. The firm has “Buy” rating by Ladenburg given on Friday, November 3. Jefferies initiated the stock with “Hold” rating in Friday, January 22 report. The stock of Stag Industrial Inc (NYSE:STAG) earned “Outperform” rating by RBC Capital Markets on Friday, August 5. The rating was maintained by Jefferies with “Buy” on Friday, June 23. Jefferies maintained the shares of STAG in report on Monday, July 17 with “Buy” rating.

More notable recent Stag Industrial Inc (NYSE:STAG) news were published by: Seekingalpha.com which released: “STAG Is The Moneyball Of Real Estate Investing” on November 06, 2017, also Seekingalpha.com with their article: “STAG Industrial: The Paper Stag” published on November 04, 2017, Seekingalpha.com published: “Stag Industrial in high cotton” on November 02, 2017. More interesting news about Stag Industrial Inc (NYSE:STAG) were released by: Seekingalpha.com and their article: “STAG Industrial: Booming 5% Yield With Room To Run, But Watch It Closely” published on November 19, 2017 as well as Nasdaq.com‘s news article titled: “Stag Industrial, Inc. (STAG) Ex-Dividend Date Scheduled for October 30, 2017” with publication date: October 27, 2017.

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