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

STAG Industrial (NYSE:STAG) had its price target reduced by research analysts at Barclays from $40.00 to $37.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage currently has an “equal weight” rating on the real estate investment trust’s stock. Barclays‘s target price would suggest a potential upside of 9.10% from the stock’s previous close.

STAG has been the topic of several other research reports. Royal Bank of Canada cut their target price on STAG Industrial from $40.00 to $38.00 and set a “sector perform” rating on the stock in a research note on Monday. Wells Fargo & Company decreased their target price on shares of STAG Industrial from $41.00 to $38.00 and set an “equal weight” rating for the company in a research report on Monday, November 4th. Finally, Raymond James lifted their price target on shares of STAG Industrial from $39.00 to $40.00 and gave the company an “outperform” rating in a research note on Wednesday, December 11th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, STAG Industrial has a consensus rating of “Moderate Buy” and a consensus target price of $40.38.

STAG Industrial Stock Performance

STAG opened at $33.91 on Tuesday. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.42 and a quick ratio of 1.42. The company has a market capitalization of $6.18 billion, a price-to-earnings ratio of 34.26 and a beta of 1.09. The business’s 50-day moving average price is $34.77 and its two-hundred day moving average price is $37.38. STAG Industrial has a 1 year low of $32.27 and a 1 year high of $41.63.

Hedge Funds Weigh In On STAG Industrial

A number of institutional investors have recently bought and sold shares of STAG. Point72 DIFC Ltd bought a new position in shares of STAG Industrial during the 3rd quarter worth approximately $717,000. Geode Capital Management LLC lifted its holdings in STAG Industrial by 0.6% during the 3rd quarter. Geode Capital Management LLC now owns 3,403,540 shares of the real estate investment trust’s stock valued at $133,077,000 after purchasing an additional 21,925 shares during the last quarter. BNP Paribas Financial Markets lifted its holdings in STAG Industrial by 169.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 132,412 shares of the real estate investment trust’s stock valued at $5,176,000 after purchasing an additional 83,296 shares during the last quarter. Los Angeles Capital Management LLC increased its holdings in shares of STAG Industrial by 314.5% in the third quarter. Los Angeles Capital Management LLC now owns 145,520 shares of the real estate investment trust’s stock valued at $5,688,000 after purchasing an additional 110,410 shares during the last quarter. Finally, Harbor Capital Advisors Inc. raised its position in shares of STAG Industrial by 187.3% in the third quarter. Harbor Capital Advisors Inc. now owns 97,875 shares of the real estate investment trust’s stock valued at $3,826,000 after purchasing an additional 63,808 shares during the period. Institutional investors and hedge funds own 88.67% of the company’s stock.

STAG Industrial Company Profile

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.