Streetbeat News

STAG

STAG Industrial, Inc.

https://www.stagindustrial.com

Industry

REIT - Industrial

STAG Industrial, Inc. (NYSE: STAG) is a real estate investment trust focused on the acquisition and operation of single-tenant, industrial properties throughout the United States. By targeting this type of property, STAG has developed an investment strategy that helps investors find a powerful balance of income plus growth.

Open

36.00

Mkt cap

6.6B

Volume

685K

High

36.46

P/E Ratio

36.48

52-wk high

41.63

Low

35.93

Div yield

0.04

52-wk low

34.09

Over the past three months, four analysts have provided diverse ratings for Stag Industrial (NYSE:STAG), ranging from bullish to indifferent. The average 12-month price target has increased to $41.5, reflecting a 2.04% rise from the previous target. Key analysts have adjusted their ratings and price targets, indicating evolving expectations for the company's performance.

Portfolio Pulse from Benzinga Insights

August 05, 2024 | 9:00 pm

Wedbush analyst Richard Anderson maintains an Outperform rating on Stag Industrial (NYSE:STAG) and raises the price target from $44 to $45.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 6:25 pm

Stag Industrial (NYSE:STAG) reported Q2 2024 adjusted EPS of $0.33, beating the $0.21 estimate by 57.14%. However, sales of $186.47M missed the $187.97M estimate by 0.80%, though they increased by 8.77% year-over-year.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 8:15 pm

Wedbush analyst Richard Anderson has upgraded Stag Industrial (NYSE:STAG) from Neutral to Outperform and raised the price target from $38 to $44.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 11:07 am

Stag Industrial (NYSE:STAG) has significantly outperformed the market over the past 5 years, delivering an average annual return of 20.33%. A $1000 investment in STAG 5 years ago would be worth $2,520.87 today. The article highlights the power of compounded returns.

Portfolio Pulse from Benzinga Insights

July 15, 2024 | 6:30 pm

Wall Street's most accurate analysts have spotlighted three high-dividend-yielding real estate stocks: Camden Property Trust (CPT), Equity Residential (EQR), and STAG Industrial, Inc. (STAG). Analysts have provided updated ratings and price targets for these stocks, which are known for their high free cash flows and substantial dividend payouts.

Portfolio Pulse from Avi Kapoor

July 05, 2024 | 3:01 pm

Barclays analyst Brendan Lynch maintains an Equal-Weight rating on Stag Industrial (NYSE:STAG) but lowers the price target from $40 to $39.

Portfolio Pulse from Benzinga Newsdesk

May 24, 2024 | 3:11 pm

Wall Street's most accurate analysts recommend holding three high-dividend-yielding real estate stocks: Equity Residential (EQR), STAG Industrial (STAG), and CubeSmart (CUBE). Despite recent downgrades and neutral ratings, these stocks have posted better-than-expected quarterly results.

Portfolio Pulse from Avi Kapoor

May 16, 2024 | 11:56 am

Stag Industrial reported Q1 2024 Core FFO of $0.59 per share, surpassing the $0.58 estimate, and Rental Income of $187.402M, exceeding the $183.842M estimate. This represents an 8.16% increase over the previous year's sales of $173.268M.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 8:11 pm

Real estate stocks fell as mortgage rates rose to a 4-month high, with the Real Estate Select Sector SPDR Fund (XLRE) dropping 0.3%, indicating negative investor sentiment. Mortgage rates reached 7.13%, the highest since early December, amid strong economic data and persistent inflation. Housing starts declined by 14.7% month-over-month in March, with both single-family and multifamily sectors experiencing downturns. Real estate stocks like Prologis, Inc. (PLD) and SL Green Realty Corp. (SLG) saw significant movements.

Portfolio Pulse from Piero Cingari

April 17, 2024 | 3:23 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.