CapitalOne upgraded STAG Industrial (NYSE:STAG) from Equal Weight to Overweight in a statement released earlier today.
- Updated: October 14, 2016
CapitalOne has upgraded STAG Industrial (NYSE:STAG) from Equal Weight to Overweight in a statement released on 10/14/2016.
On 8/5/2016, D. A. Davidson released a statement on STAG Industrial (NYSE:STAG) upped the target price from $25.00 to $26.00 that suggested an upside of 0.04%.
Having a price of $23.06, STAG Industrial (NYSE:STAG) traded 1.78% higher on the day. With the last close up 3.04% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same period. STAG Industrial has recorded a 50-day average of $23.94 and a two hundred day average of $22.78. Volume of trade was down over the average, with 148,556 shares of STAG changing hands under the typical 571,838
With a total market value of $0, STAG Industrial has with a one year low of $14.97 and a one year high of $25.51 .
A total of 14 analysts have released a report on STAG Industrial. Two analysts rating the company a strong buy, five analysts rating the company a buy, six analysts rating the company a hold, two analysts rating the company a underperform, and finally zero analysts rating the company a sell with a 12-month price target of $20.38.
More About STAG Industrial (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.
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