STAG Industrial (NYSE:STAG – Get Free Report) had its target price cut by analysts at Royal Bank of Canada from $40.00 to $38.00 in a research report issued on Monday,Benzinga reports. The firm currently has a “sector perform” rating on the real estate investment trust’s stock. Royal Bank of Canada’s price target would suggest a potential upside of 10.55% from the stock’s previous close.
Other equities analysts have also issued reports about the company. Barclays lowered their target price on STAG Industrial from $42.00 to $40.00 and set an “equal weight” rating for the company in a report on Monday, October 28th. Raymond James raised 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, Wells Fargo & Company reduced their price target on shares of STAG Industrial from $41.00 to $38.00 and set an “equal weight” rating for the company in a report on Monday, November 4th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $40.38.
View Our Latest Research Report on STAG
STAG Industrial Stock Performance
Institutional Trading of STAG Industrial
Institutional investors have recently made changes to their positions in the stock. Vaughan Nelson Investment Management L.P. raised its holdings in STAG Industrial by 4.6% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 1,830,394 shares of the real estate investment trust’s stock worth $61,905,000 after purchasing an additional 79,762 shares in the last quarter. Lecap Asset Management Ltd. bought a new stake in shares of STAG Industrial in the 4th quarter worth $843,000. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in shares of STAG Industrial by 8.7% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 49,556 shares of the real estate investment trust’s stock worth $1,676,000 after buying an additional 3,950 shares in the last quarter. State of Alaska Department of Revenue lifted its holdings in shares of STAG Industrial by 0.5% in the fourth quarter. State of Alaska Department of Revenue now owns 108,059 shares of the real estate investment trust’s stock valued at $3,653,000 after buying an additional 488 shares during the period. Finally, Choreo LLC boosted its stake in STAG Industrial by 42.1% during the fourth quarter. Choreo LLC now owns 16,944 shares of the real estate investment trust’s stock valued at $572,000 after buying an additional 5,018 shares in the last quarter. 88.67% of the stock is owned by institutional investors and hedge funds.
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.
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