Barclays Cuts STAG Industrial (NYSE:STAG) Price Target to $40.00

STAG Industrial (NYSE:STAG - Free Report) had its price objective reduced by Barclays from $42.00 to $40.00 in a report issued on Monday morning, Benzinga reports. They currently have an equal weight rating on the real estate investment trust's stock.

Other equities research analysts have also issued research reports about the company. Wedbush upped their target price on STAG Industrial from $44.00 to $45.00 and gave the company an "outperform" rating in a research note on Monday, August 5th. Evercore ISI upped their price objective on STAG Industrial from $43.00 to $44.00 and gave the company an "outperform" rating in a research report on Wednesday, August 28th. Finally, Wells Fargo & Company lifted their price objective on STAG Industrial from $37.00 to $41.00 and gave the stock an "equal weight" rating in a research report on Wednesday, August 28th. Five analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $41.00.

STAG Industrial Price Performance

NYSE:STAG traded up $0.45 during mid-day trading on Monday, hitting $37.50. 825,410 shares of the company's stock traded hands, compared to its average volume of 1,066,877. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.60 and a current ratio of 1.60. The company has a market cap of $6.83 billion, a PE ratio of 36.06 and a beta of 1.09. The firm's 50 day simple moving average is $38.98 and its 200 day simple moving average is $37.43. STAG Industrial has a 1 year low of $31.95 and a 1 year high of $41.63.

STAG Industrial Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a $0.1233 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.48 dividend on an annualized basis and a yield of 3.95%. STAG Industrial's payout ratio is 142.31%.

Insider Buying and Selling

In related news, Director Benjamin S. Butcher sold 34,000 shares of STAG Industrial stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $40.78, for a total value of $1,386,520.00. Following the transaction, the director now owns 8,758 shares in the company, valued at approximately $357,151.24. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.10% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. J.Safra Asset Management Corp increased its stake in STAG Industrial by 708.5% during the 1st quarter. J.Safra Asset Management Corp now owns 663 shares of the real estate investment trust's stock worth $25,000 after buying an additional 581 shares during the period. Centerpoint Advisors LLC purchased a new position in STAG Industrial in the second quarter valued at about $25,000. Fidelis Capital Partners LLC acquired a new stake in STAG Industrial during the 1st quarter valued at approximately $29,000. UMB Bank n.a. increased its holdings in STAG Industrial by 54.1% during the 3rd quarter. UMB Bank n.a. now owns 872 shares of the real estate investment trust's stock worth $34,000 after purchasing an additional 306 shares during the last quarter. Finally, GAMMA Investing LLC raised its position in shares of STAG Industrial by 56.1% in the 2nd quarter. GAMMA Investing LLC now owns 907 shares of the real estate investment trust's stock valued at $33,000 after purchasing an additional 326 shares in the last quarter. Institutional investors and hedge funds 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.