Stag Industrial (STAG) : Zacks Investment Research ranks Stag Industrial (STAG) as 3, which is a Hold recommendation. 2 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 other analysts are mildly bullish on the stock and favor a Buy. Not everyone is convinced about the stocks future, hence, the stock receives 1 Sell recommendation. A total of 7 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 11 research analysts is 2.64, which indicates as a Hold.
Stag Industrial (STAG) : 8 investment research analysts covering Stag Industrial (STAG) have an average price target of $22.72 for the near short term. The highest target price given by the Brokerage Firm to the stock is $25 and the lowest target is $20 for the short term. Analysts expect the variance to be within $1.9 of the average price.
Company shares have received an average consensus rating of Hold for the current week
Stag Industrial (NYSE:STAG): The stock opened at $25.00 on Wednesday but the bulls could not build on the opening and the stock topped out at $25.14 for the day. The stock traded down to $24.26 during the day, due to lack of any buying support eventually closed down at $24.70 with a loss of -0.92% for the day. The stock had closed at $24.93 on the previous day. The total traded volume was 984,460 shares.
STAG Industrial, Inc. is focused on the acquisition and operation of single-tenant, industrial properties throughout the United States. As of December 31, 2014, The Company owned 248 buildings in 36 states with approximately 47.0 million rentable square feet, consisting of 178 warehouse/distribution buildings, 50 light manufacturing buildings and 20 flex/office buildings. The Company owns two developable vacant land parcels adjacent to two of its buildings. As of December 31, 2014, its buildings were 94.9% leased to 227 tenants, with no single tenant accounting for more than 2.3% of its total annualized rent and no single industry accounting for more than 12.1% of its total annualized rent.