Wall Street Zen Upgrades Stag Industrial (NYSE:STAG) to Hold

Stag Industrial (NYSE:STAG) was upgraded by investment analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued to investors on Saturday.

Several other equities analysts have also recently issued reports on the company. iA Financial set a $39.00 price target on Stag Industrial in a research report on Tuesday, January 13th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Stag Industrial in a research note on Monday, December 22nd. Royal Bank Of Canada boosted their price target on shares of Stag Industrial from $38.00 to $42.00 and gave the stock a “sector perform” rating in a research report on Thursday, November 6th. Citigroup upped their price target on shares of Stag Industrial from $35.00 to $40.00 and gave the company a “neutral” rating in a report on Tuesday, November 11th. Finally, Robert W. Baird lifted their price objective on shares of Stag Industrial from $38.00 to $39.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 4th. Three research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Stag Industrial has a consensus rating of “Hold” and an average price target of $39.33.

Stag Industrial Trading Down 0.0%

Stag Industrial stock opened at $39.39 on Friday. Stag Industrial has a 12-month low of $28.61 and a 12-month high of $39.88. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.06 and a quick ratio of 1.06. The stock has a market capitalization of $7.36 billion, a PE ratio of 30.30 and a beta of 1.06. The firm has a 50 day simple moving average of $37.69 and a 200-day simple moving average of $37.06.

Hedge Funds Weigh In On Stag Industrial

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. State Street Corp lifted its holdings in shares of Stag Industrial by 1.5% in the second quarter. State Street Corp now owns 9,539,842 shares of the real estate investment trust’s stock valued at $347,261,000 after purchasing an additional 142,132 shares in the last quarter. Norges Bank acquired a new position in Stag Industrial during the second quarter valued at $282,893,000. Alliancebernstein L.P. raised its position in Stag Industrial by 4.3% during the second quarter. Alliancebernstein L.P. now owns 3,950,923 shares of the real estate investment trust’s stock valued at $143,339,000 after buying an additional 162,887 shares during the period. Cbre Investment Management Listed Real Assets LLC lifted its stake in Stag Industrial by 10.7% in the 3rd quarter. Cbre Investment Management Listed Real Assets LLC now owns 3,911,540 shares of the real estate investment trust’s stock worth $138,038,000 after acquiring an additional 377,952 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in Stag Industrial by 1.3% during the 2nd quarter. Geode Capital Management LLC now owns 3,684,395 shares of the real estate investment trust’s stock worth $133,690,000 after acquiring an additional 46,713 shares during the period. 88.67% of the stock is currently owned by hedge funds and other institutional investors.

About Stag Industrial

Stag Industrial, Inc is a real estate investment trust (REIT) that specializes in the acquisition, ownership and operation of single-tenant industrial properties throughout the United States. The company’s portfolio is focused on free-standing warehouses, distribution centers and light manufacturing facilities designed to meet the logistical needs of a diverse tenant base. By concentrating on properties with straightforward layouts and minimal common-area maintenance, Stag Industrial seeks to deliver stable rental income and attractive risk-adjusted returns for its shareholders.

Since its founding in 2010 and initial public offering in 2011, Stag Industrial has pursued a disciplined investment strategy centered on high-quality, well-located assets.