A statement released earlier today by Zacks Investment Research about Stag Industrial Inc (NYSE:STAG) bumps the target price to $27.00
- Updated: January 11, 2017
Zacks Investment Research bumped up the target of Stag Industrial Inc (NYSE:STAG) to $27.00 stating a potential upside of 0.13%.
Boasting a price of $23.84, Stag Industrial Inc (NYSE:STAG) traded 0.25% higher on the day. With the last stock price close up 0.46% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.04% over the date range. Stag Industrial Inc has recorded a 50-day average of $23.54 and a two hundred day average of $23.75. Volume of trade was down over the average, with 222,843 shares of STAG changing hands under the typical 714,138
With a total market value of $0, Stag Industrial Inc has with a one year low of $14.97 and a one year high of $25.51 .
A total of 14 equity analysts have released a ratings update on STAG. Two equity analysts rating the company a strong buy, five equity analysts rating the company a buy, six equity analysts rating the company a hold, two equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $20.38.
Brief Synopsis About Stag Industrial Inc (NYSE:STAG)
STAG Industrial, Inc. is a real estate investment trust. The Company focuses on the acquisition and operation of single-tenant industrial properties across the United States. The Company owns approximately 290 buildings in over 40 states with approximately 54.7 million rentable square feet, consisting of over 220 warehouse/distribution buildings, approximately 50 light manufacturing buildings and over 20 flex/office buildings. The Company's operating partnership is STAG Industrial Operating Partnership, L.P. (Operating Partnership). The Company owns its properties and conducts its business through its Operating Partnership. The Company's buildings are leased to approximately 270 tenants. The Company's properties are located in various areas, such as Rogers in Arkansas; Phoenix in Arizona; Camarillo in California; Longmont, Golden and Grand Junction in Colorado; Avon, East Windsor and North Haven in Connecticut; Bardstown, Danville and Hebron in Kentucky, and Belfast in Maine.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.