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

STAG Industrial (NYSE:STAG) had its target price decreased by Barclays from $40.00 to $37.00 in a research report sent to investors on Tuesday,Benzinga reports. Barclays currently has an equal weight rating on the real estate investment trust’s stock.

Other research analysts have also recently issued reports about the company. Wells Fargo & Company reduced their target price on 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. Royal Bank of Canada dropped their price objective on STAG Industrial from $40.00 to $38.00 and set a “sector perform” rating for the company in a research note on Monday. Finally, Raymond James increased their price objective on STAG Industrial from $39.00 to $40.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 11th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $40.38.

STAG Industrial Stock Down 0.8 %

Shares of STAG stock opened at $34.38 on Tuesday. The stock has a market cap of $6.26 billion, a P/E ratio of 34.72 and a beta of 1.09. STAG Industrial has a one year low of $32.27 and a one year high of $41.63. The stock has a fifty day moving average price of $34.81 and a 200 day moving average price of $37.40. 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 Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a $0.1242 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.49 dividend on an annualized basis and a dividend yield of 4.33%. STAG Industrial’s dividend payout ratio (DPR) is presently 150.51%.

Institutional Trading of STAG Industrial

Hedge funds and other institutional investors have recently made changes to their positions in the business. UMB Bank n.a. increased its stake in shares of 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 valued at $34,000 after buying an additional 306 shares in the last quarter. Sugar Maple Asset Management LLC acquired a new stake in shares of STAG Industrial in the fourth quarter valued at $43,000. Coastline Trust Co acquired a new stake in shares of STAG Industrial in the third quarter valued at $55,000. Point72 Asia Singapore Pte. Ltd. bought a new position in STAG Industrial in the second quarter valued at about $57,000. Finally, GAMMA Investing LLC boosted its holdings in STAG Industrial by 72.7% in the third quarter. GAMMA Investing LLC now owns 1,566 shares of the real estate investment trust’s stock valued at $61,000 after acquiring an additional 659 shares during the last quarter. 88.67% of the stock is currently owned by institutional investors and hedge funds.

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.