Keefe, Bruyette & Woods Starts Stag Industrial (STIR) at Outperform; Niche Industrial REIT with Discount Valuation
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Price: $12.28 +0.24%
Rating Summary:
1 Buy, 3 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 17
Rating Summary:
1 Buy, 3 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 17
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Keefe, Bruyette & Woods initiates coverage on Stag Industrial (NYSE: STIR) with an Outperform. PT $14.
KBW analyst says, "STAG is a newly public industrial REIT that focuses on acquiring single-tenant, Class-B assets in secondary markets. Given a challenging IPO market for REITs, STIR shares came public at an atypically large discount valuation and, in our view, remain a compelling value with a premium yield."
For more ratings news on Stag Industrial click here and for the rating history of Stag Industrial click here.
Shares of Stag Industrial closed at $12.32 yesterday.
KBW analyst says, "STAG is a newly public industrial REIT that focuses on acquiring single-tenant, Class-B assets in secondary markets. Given a challenging IPO market for REITs, STIR shares came public at an atypically large discount valuation and, in our view, remain a compelling value with a premium yield."
For more ratings news on Stag Industrial click here and for the rating history of Stag Industrial click here.
Shares of Stag Industrial closed at $12.32 yesterday.
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