Acquisitions Keep Pushing STAG Industrial Higher
In real estate, acquiring new property is the key to growth. STAG Industrial (NYSE: STAG) depends on a constant flow of new deals in order to keep expanding, and it has historically done a good job of identifying lucrative opportunities in the industrial real estate market to acquire and lease out to single tenants. This business model has served the real estate investment trust well, and investors are generally happy when things go well for STAG on this front.
Coming into Tuesday's second-quarter financial report, STAG investors wanted to see the REIT show continued success in taking advantage of favorable conditions in the commercial real estate market. STAG reported greater acquisition volume than ever before, but what was especially impressive was that the company did so while reducing the amount of leverage on its balance sheet. Let's take a closer look at STAG Industrial and what its latest results say about the REIT's future.
Image source: STAG Industrial.
Source: Fool.com
STAG Industrial Inc. Stock
Our community is currently high on STAG Industrial Inc. with 5 Buy predictions and 0 Sell predictions.
As a result the target price of 38 € shows a slightly positive potential of 1.77% compared to the current price of 37.34 € for STAG Industrial Inc..
