Zacks Investment Research covered Stag Industrial Inc (NYSE:STAG), stepping up its target to $26.00 earlier today
- Updated: November 29, 2016
Yesterday Stag Industrial Inc (NYSE:STAG) traded 1.00% higher at $23.86. The company’s 50-day moving average is $22.80 and its 200-day moving average is $23.39. The last stock close price is up 1.90% from the 200-day moving average, compared to the S&P 500 which has decreased -0.03% over the same time. 76,552 shares of the stock were exchanged, down from an average trading volume of 520,203
Zacks Investment Research increased the stock price target of Stag Industrial Inc (NYSE:STAG) to $26.00 indicating a possible upside of 0.09%.
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Stag Industrial Inc has a 52 week low of $14.97 and a 52 week high of $25.51 The company’s market cap is currently $0.
In addition to Zacks Investment Research reporting its target price, a total of 14 firms have issued a report on the stock. The consensus target price is $20.38 with 2 firms rating the stock a strong buy, 5 firms rating the stock a buy, 6 firms rating the stock a hold, 2 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.
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.
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