Jefferies Group recorded Stag Industrial Inc (NYSE:STAG), upping its target price to $25.00 today
- Updated: December 1, 2016
Stag Industrial Inc (NYSE:STAG) had its target price raised to $25.00 by Jefferies Group in a report issued 12/01/2016. The updated stock price target implies a possible upside of 0.06% based on the company's last closing price.
Just yesterday Stag Industrial Inc (NYSE:STAG) traded -2.24% lower at $23.49. STAG’s 50-day average is $22.88 and its two hundred day average is $23.41. With the last close up -1.40% from the 200-day moving average, compared to the S&P 500 which has decreased -0.03% over the same time. 859,446 shares of STAG traded hands, up from an average trading volume of 544,062
Recent Performance Chart
Stag Industrial Inc has 52 week low of $14.97 and a 52 week high of $25.51 and has a market capitalization of $0.
In addition to Jefferies Group reporting its stock price target, a total of 14 brokerages have issued a ratings update on the company. The average stock price target is $20.38 with 2 brokerages rating the stock a strong buy, 5 brokerages rating the stock a buy, 6 brokerages rating the stock a hold, 2 brokerages rating the stock a underperform, and finally 0 brokerages rating the stock a sell.
Brief Synopsis On 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.
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