STAG Industrial, Inc. (NYSE:STAG – Get Rating)'s share price hit a new 52-week low on Friday . The stock traded as low as $29.35 and last traded at $29.81, with a volume of 4593 shares traded. The stock had previously closed at $29.74.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Wells Fargo & Company decreased their price target on STAG Industrial from $43.00 to $41.00 and set an "overweight" rating on the stock in a research note on Thursday, August 11th. Jefferies Financial Group decreased their price target on STAG Industrial from $47.00 to $43.00 and set a "buy" rating on the stock in a research note on Thursday, June 30th. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $45.25.

STAG Industrial Stock Performance

The company has a debt-to-equity ratio of 0.70, a current ratio of 1.34 and a quick ratio of 1.34. The firm has a market capitalization of $5.30 billion, a price-to-earnings ratio of 23.11, a PEG ratio of 2.76 and a beta of 0.98. The firm has a 50 day moving average price of $31.98 and a 200-day moving average price of $34.46.

STAG Industrial Announces Dividend

Hedge Funds Weigh In On STAG Industrial

Hedge funds have recently made changes to their positions in the company. Eagle Bay Advisors LLC purchased a new position in shares of STAG Industrial during the second quarter worth about $27,000. Wolff Wiese Magana LLC grew its holdings in shares of STAG Industrial by 133.8% during the second quarter. Wolff Wiese Magana LLC now owns 982 shares of the real estate investment trust's stock worth $30,000 after purchasing an additional 562 shares during the last quarter. SRS Capital Advisors Inc. grew its holdings in shares of STAG Industrial by 2,252.3% during the second quarter. SRS Capital Advisors Inc. now owns 1,035 shares of the real estate investment trust's stock worth $32,000 after purchasing an additional 991 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of STAG Industrial during the first quarter worth about $35,000. Finally, Prospera Financial Services Inc purchased a new position in shares of STAG Industrial during the first quarter worth about $40,000. Hedge funds and other institutional investors own 84.13% of the company's stock.

STAG Industrial Company Profile

(Get Rating)

STAG Industrial, Inc (NYSE: STAG) is a real estate investment trust focused on the acquisition and operation of single-tenant, industrial properties throughout the United States. By targeting this type of property, STAG has developed an investment strategy that helps investors find a powerful balance of income plus growth.

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