Stag Industrial (STAG) Receives Analyst Rating

Stag Industrial (STAG) : 2 brokerage houses believe that Stag Industrial (STAG) is a Strong Buy at current levels. 2 Analyst considers the fundamentals to be worthy of a Buy recommendation. 6 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Stag Industrial (STAG). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 10 Wall Street Analysts endorse the stock as a Buy with a rating of 2.4.

Stag Industrial (STAG) : 9 investment research analysts covering Stag Industrial (STAG) have an average price target of $24.5 for the near short term. The highest target price given by the Brokerage Firm to the stock is $27 and the lowest target is $21 for the short term. Analysts expect the variance to be within $1.85 of the average price.


Also, Evercore ISI Group downgrades their rating on the shares of Stag Industrial (NYSE:STAG). The current rating of the shares is Hold. Earlier, the shares were rated a Buy by the brokerage firm. The rating by the firm was issued on June 13, 2016.

Stag Industrial (NYSE:STAG): After opening at $22.93, the stock dipped to an intraday low of $22.77 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $23.13 and the buying power remained strong till the end. The stock closed at $22.98 for the day, a gain of 0.35% for the day session. The total traded volume was 805,707. The stocks close on the previous trading day was $22.9.

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.

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