Barclays Lowers STAG Industrial (NYSE:STAG) Price Target to $37.00

STAG Industrial (NYSE:STAG) had its price target lowered by stock analysts at Barclays from $40.00 to $37.00 in a research note issued on Tuesday,Benzinga reports. The brokerage currently has an “equal weight” rating on the real estate investment trust’s stock. Barclays‘s target price points to a potential upside of 6.77% from the stock’s current price.

Several other brokerages have also weighed in on STAG. 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 report on Monday. Wells Fargo & Company cut their price target on shares of STAG Industrial from $41.00 to $38.00 and set an “equal weight” rating on the stock in a report on Monday, November 4th. Finally, Raymond James increased their price objective on shares of STAG Industrial from $39.00 to $40.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, STAG Industrial has an average rating of “Moderate Buy” and a consensus price target of $40.38.

STAG Industrial Price Performance

STAG opened at $34.66 on Tuesday. STAG Industrial has a 1 year low of $32.27 and a 1 year high of $41.63. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.42 and a current ratio of 1.42. The company’s 50 day simple moving average is $34.85 and its 200 day simple moving average is $37.42. The stock has a market capitalization of $6.31 billion, a PE ratio of 35.01 and a beta of 1.09.

Institutional Trading of STAG Industrial

Hedge funds and other institutional investors have recently bought and sold shares of the company. UMB Bank n.a. boosted its stake in STAG Industrial by 54.1% during the 3rd quarter. UMB Bank n.a. now owns 872 shares of the real estate investment trust’s stock valued at $34,000 after purchasing an additional 306 shares during the period. Hennion & Walsh Asset Management Inc. increased its position in STAG Industrial by 3.0% in the 4th 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 raised its stake in STAG Industrial by 3.0% during the 4th 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 in the last quarter. Hilltop National Bank increased its holdings in shares of STAG Industrial by 19.2% during the fourth quarter. Hilltop National Bank now owns 2,243 shares of the real estate investment trust’s stock valued at $76,000 after purchasing an additional 362 shares during the period. Finally, State of Alaska Department of Revenue lifted 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 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.