Jefferies (NYSE:JEF) analyst Jonathan Petersen maintained a Buy rating on Stag Industrial (NYSE:STAG) on Sunday, setting a price target of $54, which is approximately 19.92% above the present share price of $45.03.
Petersen expects Stag Industrial to post earnings per share (EPS) of $0.30 for the fourth quarter of 2021.
The current consensus among 6 TipRanks analysts is for a Moderate Buy rating of shares in Stag Industrial, with an average price target of $48.
The analysts price targets range from a high of $54 to a low of $44.
In its latest earnings report, released on 09/30/2021, the company reported a quarterly revenue of $142.11 million and a net profit of $43.46 million. The company's market cap is $8.08 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 15.5% and a 75.71% 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.