- I initiate coverage on STAG Industrial, Inc. with a BUY rating as it primarily operates in supply-constrained industrial markets, which should provide significant revenue potential.
- STAG owns a diversified portfolio, offers steady dividends, and records higher same-store NOI growth. STAG is also relatively undervalued vs. its peers.
- STAG stock currently trades at a 14% discount to the price target of $45.00 and a 2% discount to the NAV estimate of $40.29 per share.
For further details see:
STAG Industrial: Supply-Constrained Market Offers Revenue Potential