Raymond James Forecasts Strong Price Appreciation for STAG Industrial (NYSE:STAG) Stock

STAG Industrial (NYSE:STAG) had its price objective increased by Raymond James from $39.00 to $40.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has an outperform rating on the real estate investment trust’s stock.

Several other brokerages have also issued reports on STAG. Wells Fargo & Company cut their target price on STAG Industrial from $41.00 to $38.00 and set an “equal weight” rating for the company in a research note on Monday, November 4th. Evercore ISI boosted their price objective 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, Barclays lowered their price objective on 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 four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $41.00.

STAG Industrial Stock Up 0.8 %

Shares of STAG opened at $35.93 on Wednesday. The firm has a market cap of $6.55 billion, a P/E ratio of 36.29 and a beta of 1.07. The stock has a 50 day simple moving average of $37.01 and a two-hundred day simple moving average of $37.72. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.42 and a quick ratio of 1.42. STAG Industrial has a 1 year low of $34.09 and a 1 year high of $41.63.

STAG Industrial Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a dividend of $0.1233 per share. The ex-dividend date is Tuesday, December 31st. This represents a $1.48 dividend on an annualized basis and a dividend yield of 4.12%. STAG Industrial’s dividend payout ratio is presently 149.49%.

Hedge Funds Weigh In On STAG Industrial

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. UMB Bank n.a. raised 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 worth $34,000 after purchasing an additional 306 shares in the last quarter. Resources Management Corp CT ADV raised its holdings in STAG Industrial by 1.3% in the second quarter. Resources Management Corp CT ADV now owns 29,475 shares of the real estate investment trust’s stock worth $1,063,000 after purchasing an additional 370 shares in the last quarter. State of Alaska Department of Revenue raised its holdings in 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 worth $4,204,000 after purchasing an additional 390 shares in the last quarter. Atria Investments Inc raised its holdings in STAG Industrial by 1.6% in the third quarter. Atria Investments Inc now owns 26,428 shares of the real estate investment trust’s stock worth $1,033,000 after purchasing an additional 414 shares in the last quarter. Finally, OVERSEA CHINESE BANKING Corp Ltd raised its holdings in STAG Industrial by 0.4% in the third quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 111,167 shares of the real estate investment trust’s stock worth $4,346,000 after purchasing an additional 421 shares in the last quarter. Institutional investors own 88.67% of the company’s stock.

About STAG Industrial

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.