Evercore ISI Increases STAG Industrial (NYSE:STAG) Price Target to $44.00

STAG Industrial (NYSE:STAG) had its price target lifted by investment analysts at Evercore ISI from $43.00 to $44.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm presently has an “outperform” rating on the real estate investment trust’s stock. Evercore ISI’s price objective suggests a potential upside of 9.75% from the company’s current price.

STAG has been the topic of several other reports. Wells Fargo & Company upped their price objective on STAG Industrial from $37.00 to $41.00 and gave the company an “equal weight” rating in a research report on Wednesday. BNP Paribas initiated coverage on STAG Industrial in a report on Tuesday, June 4th. They set a “neutral” rating and a $39.00 price target on the stock. Wedbush boosted their target price on STAG Industrial from $44.00 to $45.00 and gave the stock an “outperform” rating in a research report on Monday, August 5th. Finally, Barclays raised their price target on shares of STAG Industrial from $38.00 to $42.00 and gave the company an “equal weight” rating in a report on Wednesday, August 14th. Six investment 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 company has an average rating of “Hold” and an average target price of $41.22.

STAG Industrial Price Performance

STAG stock opened at $40.09 on Wednesday. The firm has a 50-day moving average of $38.50 and a 200 day moving average of $37.16. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.60 and a quick ratio of 1.60. The company has a market cap of $7.30 billion, a P/E ratio of 40.09, a PEG ratio of 4.16 and a beta of 1.09. STAG Industrial has a 1 year low of $31.69 and a 1 year high of $41.63.

Insider Transactions at STAG Industrial

In other news, Director Benjamin S. Butcher sold 30,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $34.81, for a total transaction of $1,044,300.00. Following the transaction, the director now directly owns 8,304 shares in the company, valued at $289,062.24. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other STAG Industrial news, Director Benjamin S. Butcher sold 30,000 shares of the company’s stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $34.81, for a total value of $1,044,300.00. Following the sale, the director now owns 8,304 shares of the company’s stock, valued at $289,062.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Benjamin S. Butcher sold 34,000 shares of the stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $40.78, for a total value of $1,386,520.00. Following the transaction, the director now directly owns 8,758 shares in the company, valued at approximately $357,151.24. The disclosure for this sale can be found here. Corporate insiders own 1.10% of the company’s stock.

Institutional Trading of STAG Industrial

A number of institutional investors and hedge funds have recently modified their holdings of the business. J.Safra Asset Management Corp raised its holdings in shares of STAG Industrial by 708.5% in the 1st quarter. J.Safra Asset Management Corp now owns 663 shares of the real estate investment trust’s stock worth $25,000 after purchasing an additional 581 shares in the last quarter. Centerpoint Advisors LLC bought a new position in shares of STAG Industrial during the 2nd quarter valued at $25,000. Spire Wealth Management lifted its stake in shares of STAG Industrial by 124.1% in the 4th quarter. Spire Wealth Management now owns 688 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 381 shares during the last quarter. Fidelis Capital Partners LLC bought a new stake in shares of STAG Industrial during the 1st quarter worth about $29,000. Finally, GAMMA Investing LLC lifted its stake in shares of STAG Industrial by 56.1% in the second quarter. GAMMA Investing LLC now owns 907 shares of the real estate investment trust’s stock worth $33,000 after buying an additional 326 shares during 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.