STAG Industrial (NYSE:STAG) Price Target Lowered to $39.00 at Barclays

STAG Industrial (NYSE:STAG) had its price target cut by equities researchers at Barclays from $40.00 to $39.00 in a note issued to investors on Friday, Benzinga reports. The brokerage currently has an “equal weight” rating on the real estate investment trust’s stock. Barclays‘s target price would indicate a potential upside of 10.33% from the stock’s previous close.

A number of other brokerages have also recently issued reports on STAG. BMO Capital Markets reissued an “outperform” rating and set a $42.00 price objective (up from $41.00) on shares of STAG Industrial in a report on Monday, April 8th. Royal Bank of Canada raised their price objective on shares of STAG Industrial from $39.00 to $40.00 and gave the stock a “sector perform” rating in a report on Friday, February 16th. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $39.00.

STAG Industrial Stock Performance

STAG traded up $0.22 during trading on Friday, reaching $35.35. 158,195 shares of the company’s stock were exchanged, compared to its average volume of 1,110,263. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 0.78. The business has a 50 day moving average price of $36.30 and a 200 day moving average price of $37.05. STAG Industrial has a fifty-two week low of $31.69 and a fifty-two week high of $39.61. The company has a market capitalization of $6.44 billion, a P/E ratio of 35.28, a PEG ratio of 5.08 and a beta of 1.05.

Hedge Funds Weigh In On STAG Industrial

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. J.Safra Asset Management Corp boosted its holdings in shares of STAG Industrial by 708.5% in the first quarter. J.Safra Asset Management Corp now owns 663 shares of the real estate investment trust’s stock valued at $25,000 after buying an additional 581 shares during the period. Spire Wealth Management raised its holdings in STAG Industrial by 124.1% during the fourth quarter. Spire Wealth Management now owns 688 shares of the real estate investment trust’s stock worth $26,000 after acquiring an additional 381 shares in the last quarter. Fidelis Capital Partners LLC bought a new position in shares of STAG Industrial in the 1st quarter valued at about $29,000. HHM Wealth Advisors LLC bought a new position in STAG Industrial during the fourth quarter worth about $31,000. Finally, Fifth Third Bancorp increased its position in STAG Industrial by 121.3% during the third quarter. Fifth Third Bancorp now owns 905 shares of the real estate investment trust’s stock worth $31,000 after buying an additional 496 shares during 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.