Stag Industrial (NYSE:STAG) Given New $40.00 Price Target at Wells Fargo & Company

Stag Industrial (NYSE:STAG) had its price objective dropped by stock analysts at Wells Fargo & Company from $41.00 to $40.00 in a report released on Monday,Benzinga reports. The brokerage presently has an “equal weight” rating on the real estate investment trust’s stock. Wells Fargo & Company‘s price objective would indicate a potential upside of 7.72% from the company’s current price.

Other analysts also recently issued reports about the stock. Robert W. Baird set a $40.00 price target on shares of Stag Industrial in a research report on Tuesday, February 17th. Wall Street Zen upgraded shares of Stag Industrial from a “sell” rating to a “hold” rating in a report on Saturday, February 7th. Weiss Ratings downgraded shares of Stag Industrial from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, May 4th. Barclays dropped their target price on shares of Stag Industrial from $39.00 to $38.00 and set an “underweight” rating on the stock in a research report on Tuesday, May 5th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Stag Industrial from $39.00 to $40.00 and gave the stock a “neutral” rating in a research report on Thursday, February 19th. Two equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Stag Industrial has an average rating of “Hold” and a consensus price target of $40.00.

Stag Industrial Stock Performance

Shares of NYSE STAG traded down $0.74 during midday trading on Monday, hitting $37.13. The company’s stock had a trading volume of 245,927 shares, compared to its average volume of 1,359,394. Stag Industrial has a 1-year low of $33.72 and a 1-year high of $39.99. The firm’s fifty day moving average price is $37.95 and its 200-day moving average price is $38.10. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.57 and a current ratio of 1.57. The firm has a market cap of $7.10 billion, a P/E ratio of 28.78 and a beta of 0.98.

Stag Industrial (NYSE:STAG) last posted its earnings results on Tuesday, April 28th. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.09. The firm had revenue of $224.21 million during the quarter, compared to analyst estimates of $221.52 million. Stag Industrial had a net margin of 28.25% and a return on equity of 6.80%. Stag Industrial’s revenue was up 9.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.61 EPS. On average, sell-side analysts forecast that Stag Industrial will post 2.63 EPS for the current fiscal year.

Institutional Trading of Stag Industrial

Several large investors have recently added to or reduced their stakes in the business. Clearstead Advisors LLC increased its stake in shares of Stag Industrial by 193.6% during the 4th quarter. Clearstead Advisors LLC now owns 731 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 482 shares during the last quarter. Measured Wealth Private Client Group LLC acquired a new position in shares of Stag Industrial during the 3rd quarter worth $27,000. International Assets Investment Management LLC acquired a new position in shares of Stag Industrial during the 4th quarter worth $51,000. EverSource Wealth Advisors LLC increased its stake in shares of Stag Industrial by 270.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,436 shares of the real estate investment trust’s stock worth $52,000 after purchasing an additional 1,048 shares during the last quarter. Finally, Root Financial Partners LLC increased its stake in shares of Stag Industrial by 32.9% during the 4th quarter. Root Financial Partners LLC now owns 1,603 shares of the real estate investment trust’s stock worth $59,000 after purchasing an additional 397 shares during the last quarter. 88.67% of the stock is owned by 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.