STAG Industrial (NYSE:STAG) Cut to Equal Weight at Wells Fargo & Company

Wells Fargo & Company cut shares of STAG Industrial (NYSE:STAGGet Rating) from an overweight rating to an equal weight rating in a research note released on Tuesday, Marketbeat Ratings reports. They currently have $34.00 price target on the real estate investment trust’s stock, down from their previous price target of $36.00.

Several other equities research analysts have also recently weighed in on STAG. StockNews.com initiated coverage on shares of STAG Industrial in a research report on Wednesday, October 12th. They issued a hold rating on the stock. Raymond James dropped their price objective on shares of STAG Industrial from $39.00 to $36.00 and set an outperform rating for the company in a research note on Tuesday, October 11th. TheStreet lowered shares of STAG Industrial from a b- rating to a c rating in a research note on Wednesday, October 19th. Finally, Evercore ISI dropped their price objective on shares of STAG Industrial from $39.00 to $37.00 and set an outperform rating for the company in a research note on Tuesday, September 27th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, STAG Industrial has a consensus rating of Moderate Buy and an average target price of $37.50.

STAG Industrial Trading Down 0.3 %

Shares of STAG opened at $32.69 on Tuesday. The company’s fifty day moving average is $30.18 and its 200 day moving average is $31.46. STAG Industrial has a fifty-two week low of $26.56 and a fifty-two week high of $48.27. The stock has a market capitalization of $5.86 billion, a PE ratio of 24.58, a P/E/G ratio of 4.66 and a beta of 0.99. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.07 and a current ratio of 1.07.

STAG Industrial Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, January 17th. Stockholders of record on Friday, December 30th will be paid a dividend of $0.1217 per share. This represents a $1.46 dividend on an annualized basis and a dividend yield of 4.47%. The ex-dividend date of this dividend is Thursday, December 29th. STAG Industrial’s dividend payout ratio is currently 109.78%.

Institutional Trading of STAG Industrial

A number of large investors have recently made changes to their positions in STAG. Eagle Bay Advisors LLC purchased a new stake in shares of STAG Industrial during the second quarter valued at $27,000. Wolff Wiese Magana LLC boosted its stake in shares of STAG Industrial by 133.8% during the second quarter. Wolff Wiese Magana LLC now owns 982 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 562 shares during the period. SRS Capital Advisors Inc. lifted its stake in STAG Industrial by 2,252.3% in the second quarter. SRS Capital Advisors Inc. now owns 1,035 shares of the real estate investment trust’s stock worth $32,000 after acquiring an additional 991 shares during the period. Wipfli Financial Advisors LLC purchased a new stake in STAG Industrial in the third quarter worth about $34,000. Finally, Harel Insurance Investments & Financial Services Ltd. purchased a new stake in STAG Industrial in the first quarter worth about $35,000. 84.13% of the stock is owned by hedge funds and other institutional investors.

STAG Industrial Company Profile

(Get Rating)

STAG Industrial, Inc (NYSE: STAG) is a real estate investment trust focused on the acquisition and operation of single-tenant, industrial properties throughout the United States. By targeting this type of property, STAG has developed an investment strategy that helps investors find a powerful balance of income plus growth.

Further Reading

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