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) stock is expected to deviate a maximum of $1.85 from the average target price of $24.5 for the short term period. 9 Street Experts have initiated coverage on the stock with the most promising target being $27 and the most muted being $21.
Company shares have received an average consensus rating of Hold for the current week Also, In the latest statement by the brokerage house, Evercore ISI Group downgrades its outlook on Stag Industrial (NYSE:STAG). The current rating of the shares is Hold, according to the research report released by the firm. Previously, the company had a rating of Buy. The rating by the firm was issued on June 13, 2016.
Stag Industrial (NYSE:STAG): The stock opened at $24.99 and touched an intraday high of $25.2 on Wednesday. During the day, the stock corrected to an intraday low of $24.9831, however, the bulls stepped in and pushed the price higher to close in the green at $25.18 with a gain of 0.76% for the day. The total traded volume for the day was 440,163. The stock had closed at $24.99 in the previous trading session.
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.