Jefferies (NYSE:JEF) analyst Jonathan Petersen maintained a Buy rating on Stag Industrial (NYSE:STAG) on Monday, setting a price target of $34, which is approximately 4.01% above the present share price of $32.69.
Petersen expects Stag Industrial to post earnings per share (EPS) of $0.42 for the third quarter of 2020.
The current consensus among 6 TipRanks analysts is for a Strong Buy rating of shares in Stag Industrial, with an average price target of $34.5.
The analysts price targets range from a high of $37 to a low of $32.
In its latest earnings report, released on 03/31/2020, the company reported a quarterly revenue of $118.55 million and a net profit of $33.54 million. The company's market cap is $4.88 billion.
According to TipRanks.com, Jefferies analyst Jonathan Petersen is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 9.2% and a 72.59% success rate.
STAG Industrial, Inc. is a real estate investment trust, which focuses on acquisition, ownership and operation of single-tenant, industrial properties throughout the United States. The company was founded by Benjamin S. Butcher on July 21, 2010 and is headquartered in Boston, MA.