STAG Industrial (NYSE:STAG) Sets New 1-Year Low – What’s Next?

STAG Industrial, Inc. (NYSE:STAGGet Free Report)’s share price hit a new 52-week low during mid-day trading on Friday . The company traded as low as $32.61 and last traded at $32.68, with a volume of 58955 shares trading hands. The stock had previously closed at $33.30.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on STAG shares. Wells Fargo & Company reduced their price target on STAG Industrial from $41.00 to $38.00 and set an “equal weight” rating on the stock in a research report on Monday, November 4th. Raymond James increased their target price on STAG Industrial from $39.00 to $40.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. Finally, Barclays dropped their price target on STAG Industrial from $42.00 to $40.00 and set an “equal weight” rating for the company in a research note on Monday, October 28th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $41.00.

View Our Latest Report on STAG

STAG Industrial Trading Down 2.3 %

The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.87. The company has a market cap of $5.93 billion, a price-to-earnings ratio of 32.85 and a beta of 1.09. The firm has a 50 day moving average price of $35.57 and a two-hundred day moving average price of $37.56.

Institutional Investors Weigh In On STAG Industrial

Several large investors have recently added to or reduced their stakes in the business. FMR LLC grew its stake in shares of STAG Industrial by 145.5% in the 3rd quarter. FMR LLC now owns 6,936,107 shares of the real estate investment trust’s stock valued at $271,132,000 after buying an additional 4,111,268 shares during the period. Earnest Partners LLC grew its stake in STAG Industrial by 2.2% in 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 acquiring an additional 78,189 shares during the period. Geode Capital Management LLC grew its stake in STAG Industrial by 0.6% in the third quarter. Geode Capital Management LLC now owns 3,403,540 shares of the real estate investment trust’s stock valued at $133,077,000 after acquiring an additional 21,925 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of STAG Industrial by 7.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,169,164 shares of the real estate investment trust’s stock valued at $123,883,000 after acquiring an additional 227,629 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of 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 worth $103,333,000 after purchasing an additional 167,532 shares during the period. Institutional investors and hedge funds own 88.67% of the company’s stock.

STAG Industrial Company Profile

(Get Free Report)

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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