STAG Industrial (STAG) Mentioned Positively at Baird

Baird analyst David Rodgers reiterated a Neutral rating and $35.00 price target on STAG Industrial (NYSE: STAG).

The analyst comments "Accelerating SSNOI outlook a positive; Target remains $35/sh. STAG's robust acquisition pipeline should further build off of its best acquisition quarter in history (4Q20) further supported by an accelerating SSNOI outlook. That said, we are modestly lowering our FFO estimate for 2021 on a continued higher trend in G&A expense. Our NAV remains near $37/sh, and our price target is stable at $35/sh. In the near term, however, we remain buyers of higher-growth, more heavily discounted Industrial stocks and net lease stocks with greater spread between returns and cost of capital."

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 $32.56 yesterday.

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