Barclays Lowers STAG Industrial (NYSE:STAG) Price Target to $37.00

STAG Industrial (NYSE:STAG) had its price objective cut by Barclays from $40.00 to $37.00 in a report issued on Tuesday,Benzinga reports. The firm currently has an “equal weight” rating on the real estate investment trust’s stock. Barclays‘s price target indicates a potential upside of 9.10% from the stock’s previous close.

STAG has been the topic of a number of other reports. Raymond James boosted their price target on shares of STAG Industrial from $39.00 to $40.00 and gave the company an “outperform” rating in a research report on Wednesday, December 11th. Royal Bank of Canada decreased their price target on STAG Industrial from $40.00 to $38.00 and set a “sector perform” rating on the stock in a research report on Monday. Finally, Wells Fargo & Company cut their price objective on STAG Industrial from $41.00 to $38.00 and set an “equal weight” rating for the company in a research report on Monday, November 4th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $40.38.

STAG Industrial Stock Down 1.4 %

Shares of NYSE:STAG opened at $33.91 on Tuesday. The company’s fifty day moving average is $34.77 and its 200-day moving average is $37.38. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.42 and a current ratio of 1.42. STAG Industrial has a 52 week low of $32.27 and a 52 week high of $41.63. The company has a market capitalization of $6.18 billion, a PE ratio of 34.26 and a beta of 1.09.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in STAG. UMB Bank n.a. lifted its holdings in STAG Industrial by 54.1% in the third quarter. UMB Bank n.a. now owns 872 shares of the real estate investment trust’s stock valued at $34,000 after buying an additional 306 shares during the period. Values First Advisors Inc. raised its position in shares of STAG Industrial by 2.2% during the 4th quarter. Values First Advisors Inc. now owns 14,562 shares of the real estate investment trust’s stock valued at $492,000 after acquiring an additional 307 shares during the last quarter. Hennion & Walsh Asset Management Inc. raised its position in shares of STAG Industrial by 3.0% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 12,025 shares of the real estate investment trust’s stock valued at $407,000 after acquiring an additional 347 shares during the last quarter. Peak Financial Advisors LLC lifted its stake in shares of STAG Industrial by 3.0% in the 4th quarter. Peak Financial Advisors LLC now owns 12,415 shares of the real estate investment trust’s stock valued at $420,000 after purchasing an additional 356 shares during the period. Finally, Hilltop National Bank boosted its position in shares of STAG Industrial by 19.2% in the 4th quarter. Hilltop National Bank now owns 2,243 shares of the real estate investment trust’s stock worth $76,000 after purchasing an additional 362 shares during the last quarter. 88.67% of the stock is currently owned by institutional investors and hedge funds.

STAG Industrial Company Profile

STAG Industrial, Inc is a real estate investment company, which engages in acquiring, owning, and managing single-tenant, industrial real estate assets. It offers industrial real estate operating platform to real estate ownership. The company was founded by Benjamin S. Butcher on July 21, 2010 and is headquartered in Boston, MA.