RBC Capital Reiterates a Buy Rating on Stag Industrial

By Jason Carr

In a report released yesterday, Neil Downey from RBC Capital reiterated a Buy rating on Stag Industrial (NYSE: STAG), with a price target of $26. The company’s shares closed yesterday at $24.79.

According to TipRanks.com, Downey is a 4-star analyst with an average return of 7.7% and a 69.7% success rate. Downey covers the Financial sector, focusing on stocks such as Brookfield Property Partners, Colliers International Group, and FirstService Corporation.

Stag Industrial has an analyst consensus of Strong Buy, with a price target consensus of $25.75.

Stag Industrial’s market cap is currently $1.99B and has a P/E ratio of 103.29. The company has a book value ratio of 2.2583.

Based on the recent corporate insider activity of 36 insiders, corporate insider sentiment is neutral on the stock. Most recently, in September 2015, Geoffrey Jervis, the CFO, EVP and Treasurer of STAG bought 6,000 shares for a total of $101,040.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

STAG Industrial, Inc. engages in investment business with interests in real estate. Its activities include acquisition, and management of single-tenant, industrial real properties assets in the United States. The company was founded by Benjamin S. Butcher on July 21, 2010 and is headquartered in Boston, MA.