Stag Industrial Receives a Buy from JefferiesBy Austin Angelo
According to TipRanks.com, Okusanya is a 4-star analyst with an average return of 4.9% and a 55.6% success rate. Okusanya covers the Financial sector, focusing on stocks such as Government Properties Income Trust, National Storage Affiliates Trust, and Retail Properties of America Inc.
Currently, the analyst consensus on Stag Industrial is Strong Buy and the average price target is $25.75, representing a 3.9% upside.
In a report issued on March 17, RBC Capital also reiterated a Buy rating on the stock with a $26 price target.
Based on Stag Industrial’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $68 million and quarterly net profit of $31.59 million. In comparison, last year the company earned revenue of $60.17 million and had a GAAP net loss of $19.12 million.
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.
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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.