Cantor Fitzgerald Starts STAG Industrial (STAG) at Hold; Grazing Far From the Herd

Cantor Fitzgerald initiates coverage on STAG Industrial (NYSE: STAG) with a Hold. PT $12.50.

Cantor analyst said, "STAG's portfolio consists of Class B single tenant assets in secondary markets. While we believe that this set of assets may be more stable than the Class A and multi tenant assets of Prologis and EastGroup due to high tenant retention and stagnant rental rates, they also lack potential for substantial fundamental growth. STAG has been, and we expect will continue, turning to acquisitions as a means of providing earnings growth. The company grew its asset base by 25% in 2011, and we expect similar growth in 2012."

For an analyst ratings summary and ratings history on STAG Industrial click here. For more ratings news on STAG Industrial click here.

Shares of STAG Industrial closed at $12.34 yesterday.

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