Jefferies analyst Omotayo Okusanya reiterated a Buy rating on Stag Industrial (NYSE: STAG) yesterday and set a price target of $33. The company’s shares closed yesterday at $27.07.
According to TipRanks.com, Okusanya is a 4-star analyst with an average return of 7.5% and a 60.8% success rate. Okusanya covers the Financial sector, focusing on stocks such as Retail Opportunity Investments, Easterly Government Properties, and NexPoint Residential Trust Inc.
Stag Industrial has an analyst consensus of Moderate Buy, with a price target consensus of $29.33.
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Based on Stag Industrial’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $24.12 million. In comparison, last year the company had a net profit of $1.33 million.
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STAG Industrial, Inc. is a real estate investment trust. It engages in the acquisition and operation of industrial real properties assets. The company was founded by Benjamin S. Butcher on July 21, 2010 and is headquartered in Boston, MA.
