STAG Industrial (NYSE:STAG) Stock Price Expected to Rise, Raymond James Analyst Says

STAG Industrial (NYSE:STAG) had its target price boosted by Raymond James from $39.00 to $40.00 in a research note issued on Wednesday,Benzinga reports. The brokerage presently has an “outperform” rating on the real estate investment trust’s stock. Raymond James’ price objective indicates a potential upside of 10.88% from the stock’s previous close.

Several other research analysts have also recently issued reports on STAG. Barclays lowered their price objective on STAG Industrial from $42.00 to $40.00 and set an “equal weight” rating for the company in a research report on Monday, October 28th. Wells Fargo & Company lowered their price target on STAG Industrial from $41.00 to $38.00 and set an “equal weight” rating for the company in a report on Monday, November 4th. Finally, Evercore ISI raised their price objective on shares of STAG Industrial from $43.00 to $44.00 and gave the stock an “outperform” rating in a report on Wednesday, August 28th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, STAG Industrial currently has a consensus rating of “Hold” and an average target price of $41.00.

STAG Industrial Price Performance

STAG Industrial stock opened at $36.08 on Wednesday. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.87. The company has a fifty day simple moving average of $37.13 and a 200-day simple moving average of $37.74. The stock has a market cap of $6.57 billion, a P/E ratio of 36.44 and a beta of 1.08. STAG Industrial has a 12-month low of $34.09 and a 12-month high of $41.63.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of STAG. Sanctuary Advisors LLC boosted its stake in shares of STAG Industrial by 122.0% during the third quarter. Sanctuary Advisors LLC now owns 21,583 shares of the real estate investment trust’s stock worth $787,000 after buying an additional 11,859 shares during the period. Coldstream Capital Management Inc. raised its stake in STAG Industrial by 4.4% during the 3rd quarter. Coldstream Capital Management Inc. now owns 54,517 shares of the real estate investment trust’s stock valued at $2,131,000 after acquiring an additional 2,306 shares during the last quarter. Geode Capital Management LLC lifted its position 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 worth $133,077,000 after acquiring an additional 21,925 shares during the period. Guardian Wealth Management Inc. grew its stake in shares of STAG Industrial by 2.1% in the 3rd quarter. Guardian Wealth Management Inc. now owns 46,446 shares of the real estate investment trust’s stock valued at $1,816,000 after purchasing an additional 965 shares during the last quarter. Finally, Public Employees Retirement System of Ohio increased its holdings in shares of STAG Industrial by 1.2% in the third quarter. Public Employees Retirement System of Ohio now owns 331,990 shares of the real estate investment trust’s stock valued at $12,977,000 after purchasing an additional 3,944 shares during the period. 88.67% of the stock is owned by hedge funds and other institutional investors.

STAG Industrial Company Profile

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.