UBS Maintains a 'Neutral' on STAG Industrial (STAG); Balanced Risk/Reward
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Price: $36.75 -0.54%
Rating Summary:
10 Buy, 10 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
10 Buy, 10 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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UBS maintains a 'Neutral' on STAG Industrial (NYSE: STAG) price target raised from $11 to $13.
Analyst, Gabriel Hilmoe, said, "While the shares have performed well YTD (+18.6%, RMZ +8.8%) and the 7.7% dividend yield remains supportive, the valuation appears full with the stock trading at an 8.9% implied cap rate. Given the risks inherent in STAG’s business model driven by leverage to single-tenant assets in secondary markets as well as what could prove to be choppy quarterly results given the small platform size, we are maintaining our rating."
"We are adjusting our 2012/2013 Core FFO estimates to $1.08/1.14 from $1.17/1.19 to account for the Q4 result as well as slightly lower NOI forecasts."
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 $13.60 yesterday.
Analyst, Gabriel Hilmoe, said, "While the shares have performed well YTD (+18.6%, RMZ +8.8%) and the 7.7% dividend yield remains supportive, the valuation appears full with the stock trading at an 8.9% implied cap rate. Given the risks inherent in STAG’s business model driven by leverage to single-tenant assets in secondary markets as well as what could prove to be choppy quarterly results given the small platform size, we are maintaining our rating."
"We are adjusting our 2012/2013 Core FFO estimates to $1.08/1.14 from $1.17/1.19 to account for the Q4 result as well as slightly lower NOI forecasts."
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 $13.60 yesterday.
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