Stag Industrial Inc. (NYSE:STAG) traded today at a new 12-month high of $47.50. Approximately 150,000 shares have changed hands today, as compared to an average 30-day volume of 1.3 million shares.
Stag Industrial Inc. has potential upside of 2.9% based on a current price of $47.46 and analysts’ consensus price target of $48.84.
Stag Industrial Inc. share prices have moved between a 12-month high of $47.50 and a 12-month low of $29.40 and are now trading 61% above that low price at $47.46 per share.
Stag Industrial Inc. is a real estate investment trust primarily involved in the acquisition and operation of single-tenant industrial properties throughout the United States. The vast majority of the company’s real estate portfolio is comprised of warehouse and distribution buildings. Most of these facilities are located in Midwestern and Eastern U.S. states. Stag Industrial derives nearly all of its income in the form of rental income from its portfolio of warehouse and distribution properties. The company generates most of its rental revenue from its facilities located in Midwestern and Eastern U.S. cities. Stag Industrial’s largest customers include air freight and logistics, automotive, and industrial equipment companies in terms of overall revenue.
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