STAG Industrial (NYSE:STAG) Price Target Raised to $40.00

STAG Industrial (NYSE:STAG) had its price objective boosted by Raymond James from $39.00 to $40.00 in a report issued on Wednesday,Benzinga reports. Raymond James currently has an outperform rating on the real estate investment trust’s stock.

A number of other equities analysts also recently issued reports on STAG. Wells Fargo & Company cut their price objective on shares of STAG Industrial from $41.00 to $38.00 and set an “equal weight” rating on the stock in a report on Monday, November 4th. Evercore ISI lifted their price objective on shares of STAG Industrial from $43.00 to $44.00 and gave the stock an “outperform” rating in a report on Wednesday, August 28th. Finally, Barclays lowered their target price on STAG Industrial from $42.00 to $40.00 and set an “equal weight” rating on the stock in a research note on Monday, October 28th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, STAG Industrial currently has an average rating of “Hold” and a consensus target price of $41.00.

STAG Industrial Stock Performance

NYSE STAG opened at $35.93 on Wednesday. The company has a fifty day simple moving average of $37.01 and a 200 day simple moving average of $37.72. STAG Industrial has a 12-month low of $34.09 and a 12-month high of $41.63. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.87. The company has a market cap of $6.55 billion, a P/E ratio of 36.29 and a beta of 1.07.

STAG Industrial Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a dividend of $0.1233 per share. This represents a $1.48 dividend on an annualized basis and a yield of 4.12%. The ex-dividend date is Tuesday, December 31st. STAG Industrial’s payout ratio is presently 149.49%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Centerpoint Advisors LLC purchased a new position in shares of STAG Industrial during the second quarter worth about $25,000. UMB Bank n.a. grew its holdings in shares of STAG Industrial by 54.1% during the third quarter. UMB Bank n.a. now owns 872 shares of the real estate investment trust’s stock worth $34,000 after purchasing an additional 306 shares in the last quarter. Wetzel Investment Advisors Inc. purchased a new position in shares of STAG Industrial during the second quarter worth about $38,000. Blue Trust Inc. grew its holdings in shares of STAG Industrial by 1,728.4% during the second quarter. Blue Trust Inc. now owns 1,353 shares of the real estate investment trust’s stock worth $52,000 after purchasing an additional 1,279 shares in the last quarter. Finally, Coastline Trust Co purchased a new position in shares of STAG Industrial during the third quarter worth about $55,000. Hedge funds and other institutional investors own 88.67% of the company’s stock.

About STAG Industrial

We are a REIT focused on the acquisition, ownership, and operation of industrial properties throughout the United States. Our platform is designed to (i) identify properties for acquisition that offer relative value across CBRE-EA Tier 1 industrial real estate markets, industries, and tenants through the principled application of our proprietary risk assessment model, (ii) provide growth through sophisticated industrial operation and an attractive opportunity set, and (iii) capitalize our business appropriately given the characteristics of our assets.