STAG Industrial (NYSE:STAG - Get Rating) was upgraded by equities researchers at TheStreet from a "c+" rating to a "b" rating in a report released on Wednesday, TheStreetRatingsTable reports.
STAG has been the subject of a number of other reports. Raymond James decreased their price target on STAG Industrial from $39.00 to $36.00 and set an "outperform" rating for the company in a research report on Tuesday, October 11th. Wells Fargo & Company lowered STAG Industrial from an "overweight" rating to an "equal weight" rating and reduced their price objective for the company from $36.00 to $34.00 in a report on Tuesday. StockNews.com began coverage on STAG Industrial in a research note on Wednesday, October 12th. They set a "hold" rating for the company. Finally, Evercore ISI lowered their price target on shares of STAG Industrial from $39.00 to $37.00 and set an "outperform" rating on the stock in a research report on Tuesday, September 27th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, STAG Industrial has an average rating of "Moderate Buy" and a consensus target price of $37.50.
STAG Industrial Stock Up 0.2 %
STAG opened at $32.74 on Wednesday. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.07 and a quick ratio of 1.07. The firm has a market capitalization of $5.87 billion, a P/E ratio of 24.62, a PEG ratio of 4.65 and a beta of 0.99. STAG Industrial has a fifty-two week low of $26.56 and a fifty-two week high of $48.27. The company's 50-day moving average is $30.29 and its 200 day moving average is $31.47.
Institutional Investors Weigh In On STAG Industrial
Institutional investors and hedge funds have recently bought and sold shares of the stock. Arizona State Retirement System lifted its holdings in shares of STAG Industrial by 8.5% in the 1st quarter. Arizona State Retirement System now owns 47,311 shares of the real estate investment trust's stock worth $1,956,000 after acquiring an additional 3,699 shares during the last quarter. abrdn plc raised its holdings in STAG Industrial by 8.5% during the 1st quarter. abrdn plc now owns 70,652 shares of the real estate investment trust's stock valued at $2,979,000 after buying an additional 5,507 shares during the last quarter. Commonwealth Equity Services LLC raised its stake in shares of STAG Industrial by 4.7% during the first quarter. Commonwealth Equity Services LLC now owns 95,731 shares of the real estate investment trust's stock valued at $3,958,000 after acquiring an additional 4,323 shares during the last quarter. Prospera Financial Services Inc purchased a new position in STAG Industrial during the 1st quarter valued at about $40,000. Finally, Advisor Group Holdings Inc. grew its position in shares of STAG Industrial by 8.3% in the 1st quarter. Advisor Group Holdings Inc. now owns 134,173 shares of the real estate investment trust's stock worth $5,467,000 after buying an additional 10,230 shares during the last quarter. 84.13% of the stock is owned by hedge funds and other institutional investors.
About STAG Industrial
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.
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