Barclays Cuts STAG Industrial (NYSE:STAG) Price Target to $40.00

STAG Industrial (NYSE:STAG) had its price target decreased by Barclays from $42.00 to $40.00 in a research report report published on Monday, Benzinga reports. Barclays currently has an equal weight rating on the real estate investment trust’s stock.

Other equities research analysts also recently issued reports about the stock. Wells Fargo & Company boosted their target price on shares of STAG Industrial from $37.00 to $41.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 28th. Evercore ISI lifted their target price on STAG Industrial from $43.00 to $44.00 and gave the company an “outperform” rating in a research report on Wednesday, August 28th. Finally, Wedbush increased their price target on STAG Industrial from $44.00 to $45.00 and gave the company an “outperform” rating in a research report on Monday, August 5th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $41.00.

STAG Industrial Stock Up 2.1 %

Shares of NYSE:STAG opened at $37.83 on Monday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.60 and a current ratio of 1.60. STAG Industrial has a 52-week low of $32.78 and a 52-week high of $41.63. The business’s 50 day simple moving average is $38.89 and its two-hundred day simple moving average is $37.44. The firm has a market cap of $6.89 billion, a P/E ratio of 36.38 and a beta of 1.09.

STAG Industrial Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.1233 per share. This represents a $1.48 annualized dividend and a dividend yield of 3.91%. The ex-dividend date of this dividend is Tuesday, December 31st. STAG Industrial’s dividend payout ratio is presently 142.31%.

Hedge Funds Weigh In On STAG Industrial

Several institutional investors have recently added to or reduced their stakes in STAG. Hennion & Walsh Asset Management Inc. boosted its stake in STAG Industrial by 37.5% in the first quarter. Hennion & Walsh Asset Management Inc. now owns 8,724 shares of the real estate investment trust’s stock valued at $335,000 after acquiring an additional 2,379 shares during the last quarter. Claro Advisors LLC raised its stake in shares of STAG Industrial by 5.8% during the 1st quarter. Claro Advisors LLC now owns 6,433 shares of the real estate investment trust’s stock valued at $247,000 after purchasing an additional 352 shares during the period. State of Michigan Retirement System lifted its holdings in STAG Industrial by 2.3% during the 1st quarter. State of Michigan Retirement System now owns 44,600 shares of the real estate investment trust’s stock worth $1,714,000 after purchasing an additional 1,000 shares in the last quarter. State of Alaska Department of Revenue boosted its stake in STAG Industrial by 0.6% in the 1st quarter. State of Alaska Department of Revenue now owns 106,387 shares of the real estate investment trust’s stock worth $4,089,000 after purchasing an additional 637 shares during the period. Finally, Insight Folios Inc boosted its stake in STAG Industrial by 4.1% in the 1st quarter. Insight Folios Inc now owns 8,678 shares of the real estate investment trust’s stock worth $334,000 after purchasing an additional 341 shares during the period. Institutional investors own 88.67% of the company’s stock.

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.