STAG Industrial (NYSE:STAG) Price Target Cut to $38.00 by Analysts at Royal Bank of Canada

STAG Industrial (NYSE:STAG) had its price target decreased by Royal Bank of Canada from $40.00 to $38.00 in a research report report published on Monday,Benzinga reports. Royal Bank of Canada currently has a sector perform rating on the real estate investment trust’s stock.

Several other analysts have also recently weighed in on the stock. Barclays cut their price target on shares of STAG Industrial from $42.00 to $40.00 and set an “equal weight” rating on the stock in a report on Monday, October 28th. Raymond James lifted their target price on shares of STAG Industrial from $39.00 to $40.00 and gave the company an “outperform” rating in a research note on Wednesday, December 11th. Finally, Wells Fargo & Company decreased their price target on shares of STAG Industrial from $41.00 to $38.00 and set an “equal weight” rating for the company in a research note on Monday, November 4th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, STAG Industrial currently has a consensus rating of “Moderate Buy” and a consensus target price of $40.38.

STAG Industrial Trading Down 1.4 %

NYSE STAG opened at $33.91 on Monday. The stock has a market cap of $6.18 billion, a P/E ratio of 34.26 and a beta of 1.09. STAG Industrial has a fifty-two week low of $32.27 and a fifty-two week high of $41.63. The stock has a 50 day simple moving average of $34.77 and a two-hundred day simple moving average of $37.38. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.42 and a current ratio of 1.42.

STAG Industrial Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a dividend of $0.1242 per share. This represents a $1.49 dividend on an annualized basis and a dividend yield of 4.39%. The ex-dividend date of this dividend is Monday, March 31st. STAG Industrial’s dividend payout ratio is 149.49%.

Institutional Trading of STAG Industrial

A number of hedge funds have recently made changes to their positions in the stock. Naples Global Advisors LLC raised its stake in STAG Industrial by 4.8% during the fourth quarter. Naples Global Advisors LLC now owns 14,605 shares of the real estate investment trust’s stock valued at $496,000 after buying an additional 675 shares during the last quarter. Values First Advisors Inc. increased its holdings in shares of STAG Industrial by 2.2% during the fourth quarter. Values First Advisors Inc. now owns 14,562 shares of the real estate investment trust’s stock valued at $492,000 after acquiring an additional 307 shares in the last quarter. Vaughan Nelson Investment Management L.P. raised its position in shares of STAG Industrial by 4.6% in the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 1,830,394 shares of the real estate investment trust’s stock worth $61,905,000 after purchasing an additional 79,762 shares during the last quarter. Lecap Asset Management Ltd. bought a new position in STAG Industrial in the 4th quarter worth about $843,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd grew its position in STAG Industrial by 8.7% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 49,556 shares of the real estate investment trust’s stock valued at $1,676,000 after purchasing an additional 3,950 shares during the last quarter. 88.67% of the stock is owned by institutional investors.

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.