STAG Industrial (NYSE:STAG) Rating Reiterated by BMO Capital Markets

STAG Industrial (NYSE:STAG - Get Free Report)'s stock had its "outperform" rating reissued by equities researchers at BMO Capital Markets in a report released on Monday, Benzinga reports. They currently have a $42.00 price target on the real estate investment trust's stock, up from their previous price target of $41.00. BMO Capital Markets' target price would suggest a potential upside of 10.01% from the company's previous close.

A number of other equities research analysts also recently weighed in on the stock. Robert W. Baird reaffirmed a "neutral" rating and set a $41.00 price objective (up previously from $38.00) on shares of STAG Industrial in a research report on Friday, January 5th. Royal Bank of Canada boosted their target price on shares of STAG Industrial from $39.00 to $40.00 and gave the company a "sector perform" rating in a research note on Friday, February 16th. Finally, Barclays assumed coverage on shares of STAG Industrial in a research note on Wednesday, March 27th. They set an "equal weight" rating and a $40.00 target price for the company. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, STAG Industrial currently has a consensus rating of "Hold" and a consensus target price of $39.13.

STAG Industrial Stock Performance

Shares of NYSE:STAG traded up $0.67 during trading on Monday, reaching $38.18. 649,984 shares of the company's stock traded hands, compared to its average volume of 1,144,340. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.79 and a quick ratio of 1.79. STAG Industrial has a 12 month low of $31.69 and a 12 month high of $39.61. The company has a 50 day moving average of $37.74 and a 200-day moving average of $36.69. The stock has a market capitalization of $6.94 billion, a P/E ratio of 35.35, a price-to-earnings-growth ratio of 5.29 and a beta of 1.02.

Institutional Trading of STAG Industrial

A number of institutional investors have recently made changes to their positions in STAG. Vanguard Group Inc. raised its holdings in shares of STAG Industrial by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 26,060,931 shares of the real estate investment trust's stock worth $1,023,152,000 after purchasing an additional 110,453 shares in the last quarter. State Street Corp raised its holdings in shares of STAG Industrial by 11.6% in the 2nd quarter. State Street Corp now owns 9,782,753 shares of the real estate investment trust's stock worth $352,179,000 after purchasing an additional 1,016,348 shares in the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of STAG Industrial by 22.4% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 5,248,373 shares of the real estate investment trust's stock worth $206,051,000 after purchasing an additional 961,420 shares in the last quarter. Alliancebernstein L.P. raised its holdings in shares of STAG Industrial by 13.9% in the 4th quarter. Alliancebernstein L.P. now owns 4,241,749 shares of the real estate investment trust's stock worth $137,051,000 after purchasing an additional 516,088 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of STAG Industrial by 3.6% in the 1st quarter. Geode Capital Management LLC now owns 3,806,675 shares of the real estate investment trust's stock worth $128,742,000 after purchasing an additional 132,536 shares in the last quarter. 88.67% of the stock is owned by institutional investors and hedge funds.

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.