Wells Fargo Maintains Equal-Weight Rating for Stag Industrial: Here's What You Need To Know

Wells Fargo has decided to maintain its Equal-Weight rating of Stag Industrial STAG and raise its price target from $33.00 to $37.00.

Shares of Stag Industrial are trading up 0.75% over the last 24 hours, at $36.20 per share.

A move to $37.00 would account for a 2.21% increase from the current share price.

About Stag Industrial

Stag Industrial Inc is a real estate investment trust that is involved in the acquisition and operation of both single- and multi-tenant properties, although the majority of the portfolio is single-tenant industrial properties throughout the United States. The vast majority of the company's real estate portfolio is comprised of warehouse and distribution buildings. Stag Industrial derives nearly all of its income in the form of rental income from its portfolio of warehouse and distribution properties. The company generates most of its rental revenue from its facilities located in Midwestern and Eastern U.S. cities. Stag Industrial's largest customers include air freight and logistics, automotive, and industrial equipment companies in terms of overall revenue.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.