Stag Industrial (STAG) Shares are Down -1.26%

Stag Industrial (STAG) : During the past 4 weeks, traders have been relatively bearish on Stag Industrial (STAG), hence the stock is down -3.29% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -1.23% relative to the S&P 500. The 4-week change in the price of the stock is -2.92% and the stock has fallen -1.26% in the past 1 week.

STAG Industrial, Inc. is up 20.07% in the last 3-month period. Year-to-Date the stock performance stands at 37.28%. The stock has recorded a 20-day Moving Average of 1.79% and the 50-Day Moving Average is 1.58%.


Stag Industrial (NYSE:STAG): The stock opened at $24.38 on Friday but the bulls could not build on the opening and the stock topped out at $24.40 for the day. The stock traded down to $24.16 during the day, due to lack of any buying support eventually closed down at $24.31 with a loss of -0.25% for the day. The stock had closed at $24.37 on the previous day. The total traded volume was 344,897 shares.

Also, Evercore ISI Group downgrades their rating on the shares of Stag Industrial (NYSE:STAG). The current rating of the shares is Hold. Earlier, the shares were rated a Buy by the brokerage firm. The rating by the firm was issued on June 13, 2016.

STAG Industrial, Inc. is focused on the acquisition and operation of single-tenant, industrial properties throughout the United States. As of December 31, 2014, The Company owned 248 buildings in 36 states with approximately 47.0 million rentable square feet, consisting of 178 warehouse/distribution buildings, 50 light manufacturing buildings and 20 flex/office buildings. The Company owns two developable vacant land parcels adjacent to two of its buildings. As of December 31, 2014, its buildings were 94.9% leased to 227 tenants, with no single tenant accounting for more than 2.3% of its total annualized rent and no single industry accounting for more than 12.1% of its total annualized rent.

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