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Could STAG Industrial, Inc. (STAG) Gain Strenght After Forming Bearish Ascending Triangle Chart Pattern?

December 8, 2017 - By Marie Mckinney

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.
Northern Tru reported 1.49 million shares. Cambridge Advisors owns 14,359 shares or 0.01% of their US portfolio. Nationwide Fund Advsr invested 0.03% of its portfolio in STAG Industrial, Inc. (NYSE:STAG). Credit Suisse Ag accumulated 0.01% or 212,860 shares. King Luther Cap owns 0.03% invested in STAG Industrial, Inc. (NYSE:STAG) for 115,540 shares. Quantum Mngmt has 8,222 shares for 0.06% of their portfolio. Private Asset holds 10,000 shares. Blair William & Il has invested 0% of its portfolio in STAG Industrial, Inc. (NYSE:STAG). Exane Derivatives, France-based fund reported 36 shares. 19,292 were accumulated by Sigma Planning Corporation. Aristotle Boston Ltd Liability Company holds 0.82% or 264,747 shares in its portfolio. Eagle Boston Mngmt reported 287,214 shares. Voya Mngmt Ltd Limited Liability Company holds 570,704 shares or 0.04% of its portfolio. Shikiar Asset Mngmt reported 20,200 shares. Hsbc Public Limited Liability Corporation reported 10,715 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 firm has “Buy” rating given on Friday, November 3 by Ladenburg. Jefferies initiated STAG Industrial, Inc. (NYSE:STAG) on Friday, January 22 with “Hold” rating. The stock has “Buy” rating by Evercore on Tuesday, September 8. The firm has “Buy” rating by Jefferies given on Friday, June 23. The stock of STAG Industrial, Inc. (NYSE:STAG) has “Outperform” rating given on Monday, August 14 by Evercore. RBC Capital Markets maintained the stock with “Outperform” rating in Friday, August 5 report. The stock has “Underperform” rating by Bank of America on Friday, March 11. The firm earned “Hold” rating on Monday, June 13 by Evercore. The stock of STAG Industrial, Inc. (NYSE:STAG) has “Buy” rating given on Sunday, August 20 by Jefferies. The firm has “Outperform” rating by Raymond James given on Wednesday, August 9.

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: Be Fearful When Others Are Greedy” on November 26, 2017. Seekingalpha.com‘s news article titled: “Stag Industrial Has More Upside Remaining” with publication date: November 29, 2017 was also an interesting one.

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