Traders Are Bearish STAG Industrial, Inc. (STAG) After The Stock Formed Bearish Ascending Triangle Pattern

December 8, 2017 - By Linda Rogers

Investors sentiment increased to 1.97 in 2017 Q2. Its up 0.62, from 1.35 in 2017Q1. It increased, 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.
Sigma Planning reported 19,292 shares or 0.05% of all its holdings. 287,214 are held by Eagle Boston Investment Management. Whalerock Point Prns Ltd Liability Corporation reported 7,700 shares. 655,174 are owned by Millennium Mgmt Ltd Limited Liability Company. Blackrock invested 0.01% in STAG Industrial, Inc. (NYSE:STAG). Principal Fincl Grp has invested 0.01% of its portfolio in STAG Industrial, Inc. (NYSE:STAG). The New Jersey-based State Of New Jersey Common Pension Fund D has invested 0.04% in STAG Industrial, Inc. (NYSE:STAG). The Massachusetts-based Commonwealth Equity has invested 0.01% in STAG Industrial, Inc. (NYSE:STAG). Alliancebernstein L P has invested 0.03% in STAG Industrial, Inc. (NYSE:STAG). Baystate Wealth Mngmt Limited Liability Company owns 1,568 shares. Da Davidson reported 0% of its portfolio in STAG Industrial, Inc. (NYSE:STAG). 45,757 are owned by Amp Investors. Daiwa Securities Grp owns 8,000 shares or 0% of their US portfolio. 28,441 were accumulated by Paloma Partners Mgmt. Moreover, Aqr Capital Limited Liability Com has 0% invested in STAG Industrial, Inc. (NYSE:STAG).

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 EPS, 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 EPS 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 firm has “Outperform” rating by RBC Capital Markets given on Friday, August 5. DA Davidson maintained the stock with “Buy” rating in Friday, August 5 report. Jefferies maintained it with “Buy” rating and $32.0 target in Monday, October 30 report. The rating was initiated by BB&T Capital on Thursday, November 12 with “Underweight”. The firm has “Buy” rating by Jefferies given on Friday, June 23. The rating was upgraded by Evercore to “Outperform” on Monday, August 14. The firm has “Buy” rating given on Tuesday, November 15 by Jefferies. The firm has “Buy” rating given on Monday, July 17 by Jefferies. The stock of STAG Industrial, Inc. (NYSE:STAG) has “Outperform” rating given on Wednesday, August 9 by Raymond James. The company was maintained on Friday, November 3 by Ladenburg.

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

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