STAG Industrial (NYSE:STAG) Price Target Cut to $37.00 by Analysts at Barclays

STAG Industrial (NYSE:STAG) had its price target trimmed by Barclays from $40.00 to $37.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has an equal weight rating on the real estate investment trust’s stock.

Other equities analysts also recently issued research reports about the company. Wells Fargo & Company dropped their price objective on STAG Industrial from $41.00 to $38.00 and set an “equal weight” rating on the stock in a report on Monday, November 4th. Raymond James increased their price objective on STAG Industrial from $39.00 to $40.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. Finally, Royal Bank of Canada dropped their price objective on STAG Industrial from $40.00 to $38.00 and set a “sector perform” rating on the stock in a report on Monday. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $40.38.

STAG Industrial Trading Down 0.8 %

NYSE:STAG opened at $34.38 on Tuesday. The stock’s 50 day moving average price is $34.81 and its 200 day moving average price is $37.40. 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 $6.26 billion, a P/E ratio of 34.72 and a beta of 1.09. 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 Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a dividend of $0.1242 per share. The ex-dividend date is Monday, March 31st. This represents a $1.49 dividend on an annualized basis and a yield of 4.33%. STAG Industrial’s payout ratio is currently 150.51%.

Institutional Investors Weigh In On STAG Industrial

Several hedge funds have recently modified their holdings of the business. UMB Bank n.a. boosted its position in shares of 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 acquiring an additional 306 shares during the period. Hennion & Walsh Asset Management Inc. boosted its position in shares of STAG Industrial by 3.0% in the fourth 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 period. Peak Financial Advisors LLC boosted its position in shares of STAG Industrial by 3.0% in the fourth quarter. Peak Financial Advisors LLC now owns 12,415 shares of the real estate investment trust’s stock valued at $420,000 after acquiring an additional 356 shares during the period. Hilltop National Bank boosted its position in shares of STAG Industrial by 19.2% in the fourth quarter. Hilltop National Bank now owns 2,243 shares of the real estate investment trust’s stock valued at $76,000 after acquiring an additional 362 shares during the period. Finally, State of Alaska Department of Revenue boosted its position in shares of STAG Industrial by 0.4% in the third quarter. State of Alaska Department of Revenue now owns 107,571 shares of the real estate investment trust’s stock valued at $4,204,000 after acquiring an additional 390 shares during the period. 88.67% of the stock is owned by institutional investors.

About STAG Industrial

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.