Stag Industrial (NYSE:STAG) Upgraded by Wall Street Zen to Hold Rating

Stag Industrial (NYSE:STAG) was upgraded by analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued on Saturday.

Several other research analysts have also recently issued reports on STAG. Barclays reissued an “underweight” rating and issued a $39.00 price objective (down previously from $40.00) on shares of Stag Industrial in a research note on Tuesday, January 13th. Robert W. Baird increased their price target on Stag Industrial from $38.00 to $39.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 4th. Citigroup lifted their price objective on Stag Industrial from $35.00 to $40.00 and gave the company a “neutral” rating in a report on Tuesday, November 11th. Royal Bank Of Canada upped their price objective on shares of Stag Industrial from $38.00 to $42.00 and gave the stock a “sector perform” rating in a research note on Thursday, November 6th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Stag Industrial in a research report on Monday, December 22nd. Three analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $39.33.

Stag Industrial Price Performance

Shares of STAG stock opened at $39.39 on Friday. The company has a market capitalization of $7.36 billion, a P/E ratio of 30.30 and a beta of 1.06. The company’s 50-day simple moving average is $37.69 and its two-hundred day simple moving average is $37.05. Stag Industrial has a one year low of $28.61 and a one year high of $39.88. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.06 and a quick ratio of 1.06.

Institutional Investors Weigh In On Stag Industrial

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Private Trust Co. NA grew its holdings in Stag Industrial by 2,183.9% in the second quarter. Private Trust Co. NA now owns 708 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 677 shares during the last quarter. Measured Wealth Private Client Group LLC purchased a new stake in shares of Stag Industrial during the 3rd quarter valued at $27,000. Root Financial Partners LLC acquired a new stake in shares of Stag Industrial in the 3rd quarter worth $43,000. International Assets Investment Management LLC purchased a new position in Stag Industrial during the 4th quarter worth $51,000. Finally, EverSource Wealth Advisors LLC increased its position in Stag Industrial by 270.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,436 shares of the real estate investment trust’s stock valued at $52,000 after buying an additional 1,048 shares in the last quarter. Hedge funds and other institutional investors own 88.67% of the company’s stock.

About Stag Industrial

Stag Industrial, Inc is a real estate investment trust (REIT) that specializes in the acquisition, ownership and operation of single-tenant industrial properties throughout the United States. The company’s portfolio is focused on free-standing warehouses, distribution centers and light manufacturing facilities designed to meet the logistical needs of a diverse tenant base. By concentrating on properties with straightforward layouts and minimal common-area maintenance, Stag Industrial seeks to deliver stable rental income and attractive risk-adjusted returns for its shareholders.

Since its founding in 2010 and initial public offering in 2011, Stag Industrial has pursued a disciplined investment strategy centered on high-quality, well-located assets.