Royal Bank of Canada Issues Pessimistic Forecast for STAG Industrial (NYSE:STAG) Stock Price

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

Several other equities analysts also recently commented on the stock. Wells Fargo & Company cut their price target on shares of STAG Industrial from $41.00 to $38.00 and set an “equal weight” rating on the stock in a report on Monday, November 4th. Raymond James upped their target price on STAG Industrial from $39.00 to $40.00 and gave the company an “outperform” rating in a research note on Wednesday, December 11th. Finally, Barclays decreased their price target on STAG Industrial from $42.00 to $40.00 and set an “equal weight” rating for the company in a research note on Monday, October 28th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $40.75.

STAG Industrial Stock Up 0.7 %

Shares of STAG opened at $34.66 on Monday. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.87. STAG Industrial has a 52-week low of $32.27 and a 52-week high of $41.63. The company has a market cap of $6.31 billion, a PE ratio of 35.01 and a beta of 1.09. The business has a fifty day moving average of $34.85 and a 200 day moving average of $37.42.

STAG Industrial Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a $0.1242 dividend. The ex-dividend date is Monday, March 31st. This represents a $1.49 annualized dividend and a yield of 4.30%. STAG Industrial’s dividend payout ratio (DPR) is currently 149.49%.

Institutional Trading of STAG Industrial

Several institutional investors and hedge funds have recently made changes to their positions in STAG. UMB Bank n.a. increased its holdings in shares of STAG Industrial by 54.1% in the 3rd quarter. UMB Bank n.a. now owns 872 shares of the real estate investment trust’s stock valued at $34,000 after acquiring an additional 306 shares during the period. Sugar Maple Asset Management LLC purchased a new position in STAG Industrial in the fourth quarter valued at about $43,000. Coastline Trust Co bought a new position in STAG Industrial in the third quarter worth about $55,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of STAG Industrial during the second quarter valued at about $57,000. Finally, GAMMA Investing LLC boosted its holdings in shares of STAG Industrial by 72.7% in the 3rd quarter. GAMMA Investing LLC now owns 1,566 shares of the real estate investment trust’s stock valued at $61,000 after buying an additional 659 shares in the last quarter. 88.67% of the stock is currently owned by institutional investors.

About STAG Industrial

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.