Wells Fargo & Company Issues Pessimistic Forecast for STAG Industrial (NYSE:STAG) Stock Price

STAG Industrial (NYSE:STAG) had its price target decreased by analysts at Wells Fargo & Company from $41.00 to $38.00 in a research report issued to clients and investors on Monday, Benzinga reports. The brokerage presently has an “equal weight” rating on the real estate investment trust’s stock. Wells Fargo & Company‘s price target indicates a potential upside of 2.23% from the company’s current price.

STAG has been the subject of a number of other reports. Evercore ISI lifted their price target on shares of STAG Industrial from $43.00 to $44.00 and gave the company an “outperform” rating in a research report on Wednesday, August 28th. Wedbush lifted their price target on shares of STAG Industrial from $44.00 to $45.00 and gave the company an “outperform” rating in a research report on Monday, August 5th. Finally, Barclays lowered their price target on shares of STAG Industrial from $42.00 to $40.00 and set an “equal weight” rating for the company in a research report on Monday, October 28th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $41.13.

STAG Industrial Trading Up 1.0 %

Shares of STAG opened at $37.17 on Monday. STAG Industrial has a 1-year low of $33.99 and a 1-year high of $41.63. The firm has a market capitalization of $6.77 billion, a price-to-earnings ratio of 37.20 and a beta of 1.09. The firm’s 50-day moving average price is $38.70 and its 200-day moving average price is $37.49. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.87.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of STAG. J.Safra Asset Management Corp raised its holdings in shares of STAG Industrial by 708.5% during the first quarter. J.Safra Asset Management Corp now owns 663 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 581 shares during the last quarter. Centerpoint Advisors LLC purchased a new position in shares of STAG Industrial during the second quarter valued at approximately $25,000. Fidelis Capital Partners LLC purchased a new position in shares of STAG Industrial during the first quarter valued at approximately $29,000. GAMMA Investing LLC raised its holdings in shares of STAG Industrial by 56.1% during the second quarter. GAMMA Investing LLC now owns 907 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 326 shares during the last quarter. Finally, UMB Bank n.a. raised 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 valued at $34,000 after purchasing an additional 306 shares during the last quarter. 88.67% of the stock is owned by hedge funds and other institutional investors.

STAG Industrial Company Profile

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.