STAG Industrial (NYSE:STAG) Price Target Cut to $36.00 by Analysts at Raymond James

STAG Industrial (NYSE:STAG) had its price target lowered by stock analysts at Raymond James from $40.00 to $36.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has an “outperform” rating on the real estate investment trust’s stock. Raymond James’ price objective would suggest a potential upside of 13.53% from the company’s current price.

A number of other research firms have also weighed in on STAG. Royal Bank of Canada lowered their price objective on STAG Industrial from $40.00 to $38.00 and set a “sector perform” rating on the stock in a research note on Monday, January 27th. Barclays reduced their target price on shares of STAG Industrial from $40.00 to $37.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 28th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $39.57.

STAG Industrial Price Performance

STAG traded up $0.27 during midday trading on Monday, hitting $31.71. 415,030 shares of the company traded hands, compared to its average volume of 1,192,297. STAG Industrial has a 52-week low of $28.61 and a 52-week high of $41.63. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.86. The business has a 50 day simple moving average of $34.83 and a two-hundred day simple moving average of $35.52. The company has a market capitalization of $5.92 billion, a price-to-earnings ratio of 30.49 and a beta of 0.96.

STAG Industrial (NYSE:STAG) last announced its earnings results on Wednesday, February 12th. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.43. STAG Industrial had a net margin of 24.64% and a return on equity of 5.51%. On average, equities analysts forecast that STAG Industrial will post 2.47 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Benjamin S. Butcher sold 50,000 shares of the stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $35.10, for a total transaction of $1,755,000.00. Following the sale, the director now owns 9,632 shares of the company’s stock, valued at approximately $338,083.20. This represents a 83.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.10% of the stock is owned by insiders.

Institutional Investors Weigh In On STAG Industrial

Hedge funds and other institutional investors have recently made changes to their positions in the business. FMR LLC lifted its position in shares of STAG Industrial by 30.1% during the 4th quarter. FMR LLC now owns 9,024,946 shares of the real estate investment trust’s stock worth $305,224,000 after buying an additional 2,088,839 shares during the last quarter. Earnest Partners LLC lifted its position in STAG Industrial by 6.6% in the fourth quarter. Earnest Partners LLC now owns 3,795,425 shares of the real estate investment trust’s stock valued at $128,361,000 after acquiring an additional 235,622 shares during the last quarter. Nuveen Asset Management LLC boosted its stake in STAG Industrial by 5.9% in the fourth quarter. Nuveen Asset Management LLC now owns 3,679,641 shares of the real estate investment trust’s stock valued at $124,445,000 after acquiring an additional 204,948 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of STAG Industrial by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 3,421,549 shares of the real estate investment trust’s stock worth $115,748,000 after purchasing an additional 18,009 shares during the last quarter. Finally, Channing Capital Management LLC lifted its holdings in shares of STAG Industrial by 7.8% in the 4th quarter. Channing Capital Management LLC now owns 2,259,638 shares of the real estate investment trust’s stock valued at $76,421,000 after purchasing an additional 164,284 shares during the last quarter. 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.