Wells Fargo & Company Issues Pessimistic Forecast for STAG Industrial (NYSE:STAG) Stock Price

STAG Industrial (NYSE:STAG) had its target price decreased by analysts at Wells Fargo & Company from $41.00 to $38.00 in a research report issued on Monday, Benzinga reports. The firm currently has an “equal weight” rating on the real estate investment trust’s stock. Wells Fargo & Company‘s target price would indicate a potential upside of 2.23% from the company’s current price.

Other equities analysts have also issued reports about the stock. Wedbush upped their price target on shares of STAG Industrial from $44.00 to $45.00 and gave the stock an “outperform” rating in a research report on Monday, August 5th. Evercore ISI upped their price target on shares of STAG Industrial from $43.00 to $44.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 28th. Finally, Barclays dropped their price target on shares of STAG Industrial from $42.00 to $40.00 and set an “equal weight” rating for the company in a research report on Monday, October 28th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $41.13.

STAG Industrial Stock Performance

STAG opened at $37.17 on Monday. The firm has a market cap of $6.77 billion, a P/E ratio of 37.20 and a beta of 1.09. STAG Industrial has a 1-year low of $33.99 and a 1-year high of $41.63. The company has a 50 day simple moving average of $38.70 and a two-hundred day simple moving average of $37.49. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.42 and a quick ratio of 1.42.

Institutional Investors Weigh In On STAG Industrial

A number of hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in STAG Industrial by 0.7% during the first quarter. Vanguard Group Inc. now owns 26,237,263 shares of the real estate investment trust’s stock valued at $1,008,560,000 after purchasing an additional 176,332 shares in the last quarter. Earnest Partners LLC raised its stake in STAG Industrial by 2.2% during the second quarter. Earnest Partners LLC now owns 3,652,984 shares of the real estate investment trust’s stock valued at $131,727,000 after purchasing an additional 78,189 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in STAG Industrial by 6.2% during the second quarter. Dimensional Fund Advisors LP now owns 2,865,673 shares of the real estate investment trust’s stock valued at $103,333,000 after purchasing an additional 167,532 shares in the last quarter. Boston Trust Walden Corp raised its stake in STAG Industrial by 1.0% during the second quarter. Boston Trust Walden Corp now owns 2,552,752 shares of the real estate investment trust’s stock valued at $92,052,000 after purchasing an additional 25,779 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. raised its stake in STAG Industrial by 7.0% during the second quarter. Vaughan Nelson Investment Management L.P. now owns 1,776,042 shares of the real estate investment trust’s stock valued at $64,045,000 after purchasing an additional 115,480 shares in the last quarter. Hedge funds and other institutional investors own 88.67% of the company’s stock.

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.