Stag Industrial (STAG) Receives Price Target

Stag Industrial (STAG) : The most positive equity analysts on Stag Industrial (STAG) expects the shares to touch $27, whereas, the least positive believes that the stock will trade at $21 in the short term. The company is covered by 9 Wall Street Brokerage Firms. The average price target for shares are $24.5 with an expected fluctuation of $1.85 from the mean.

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.


Also, Equity Analysts at the Brokerage Firm, Evercore ISI Group, downgrades their rating on the shares of Stag Industrial (NYSE:STAG). Evercore ISI Group has a Hold rating on the shares. Previously, the analysts had a Buy rating on the shares. The rating by the firm was issued on June 13, 2016.

Stag Industrial (NYSE:STAG): The stock opened at $24.78 on Thursday but the bulls could not build on the opening and the stock topped out at $24.81 for the day. The stock traded down to $24.54 during the day, due to lack of any buying support eventually closed down at $24.69 with a loss of -0.56% for the day. The stock had closed at $24.83 on the previous day. The total traded volume was 308,434 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.

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