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Equities research analysts at RBC Capital raised their target price on shares of STAG Industrial (NASDAQ:STAG) from $24.00 to $27.00 in a research note issued to investors on Tuesday, AnalystRatings.NET reports. RBC Capital’s price target points to a potential upside of 16.48% from the stock’s previous close.

Shares of STAG Industrial (NASDAQ:STAG) opened at 23.18 on Tuesday. STAG Industrial has a 1-year low of $18.76 and a 1-year high of $24.35. The stock has a 50-day moving average of $21.33 and a 200-day moving average of $20.8. The company’s market cap is $1.038 billion.

STAG Industrial (NASDAQ:STAG) last announced its earnings results on Wednesday, February 12th. The company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.02. The company had revenue of $37.40 million for the quarter, compared to the consensus estimate of $35.84 million. During the same quarter in the previous year, the company posted $0.34 earnings per share. The company’s revenue for the quarter was up 39.2% on a year-over-year basis. Analysts expect that STAG Industrial will post $1.50 EPS for the current fiscal year.

A number of other analysts have also recently weighed in on STAG. Analysts at Ladenburg Thalmann initiated coverage on shares of STAG Industrial in a research note on Friday, January 17th. They set a “buy” rating and a $25.00 price target on the stock. Analysts at JPMorgan Chase & Co. upgraded shares of STAG Industrial from a “neutral” rating to an “overweight” rating in a research note on Thursday, January 16th. Six investment analysts have rated the stock with a buy rating, STAG Industrial has a consensus rating of “Buy” and a consensus target price of $25.00.

STAG Industrial, Inc is an integrated, full-service real estate company focused on the acquisition, ownership and management of single-tenant industrial properties throughout the United States.

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