Raymond James Boosts STAG Industrial (NYSE:STAG) Price Target to $40.00

STAG Industrial (NYSE:STAG - Free Report) had its price objective boosted by Raymond James from $39.00 to $40.00 in a report released on Wednesday morning,Benzinga reports. They currently have an outperform rating on the real estate investment trust's stock.

A number of other equities research analysts have also issued reports on the company. Wells Fargo & Company decreased their price target on 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. Barclays decreased their target price 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. Finally, Evercore ISI upped their price target 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 assigned a buy rating to the company. According to MarketBeat, STAG Industrial currently has an average rating of "Hold" and a consensus target price of $41.00.

STAG Industrial Trading Down 0.1 %

Shares of STAG stock traded down $0.05 during trading hours on Wednesday, reaching $36.02. 915,626 shares of the stock were exchanged, compared to its average volume of 1,070,958. The firm has a market capitalization of $6.56 billion, a price-to-earnings 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. The company's 50-day moving average price is $37.13 and its 200-day moving average price is $37.74. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.87.

STAG Industrial Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a dividend of $0.1233 per share. This represents a $1.48 annualized dividend and a yield of 4.11%. The ex-dividend date of this dividend is Tuesday, December 31st. STAG Industrial's payout ratio is 149.49%.

Hedge Funds Weigh In On STAG Industrial

Several institutional investors have recently bought and sold shares of the business. FMR LLC raised its holdings in STAG Industrial by 145.5% in the third quarter. FMR LLC now owns 6,936,107 shares of the real estate investment trust's stock worth $271,132,000 after purchasing an additional 4,111,268 shares in the last quarter. Bank of Montreal Can raised its stake in shares of STAG Industrial by 330.5% during the 3rd quarter. Bank of Montreal Can now owns 1,346,149 shares of the real estate investment trust's stock worth $52,823,000 after acquiring an additional 1,033,485 shares in the last quarter. Westfield Capital Management Co. LP lifted its position in STAG Industrial by 36.0% during the third quarter. Westfield Capital Management Co. LP now owns 1,670,586 shares of the real estate investment trust's stock valued at $65,303,000 after acquiring an additional 442,618 shares during the last quarter. Ceredex Value Advisors LLC acquired a new stake in STAG Industrial in the second quarter valued at approximately $13,188,000. Finally, Charles Schwab Investment Management Inc. grew its holdings in STAG Industrial by 7.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,169,164 shares of the real estate investment trust's stock worth $123,883,000 after purchasing an additional 227,629 shares during the last quarter. 88.67% of the stock is owned by hedge funds and other institutional investors.

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.