Back to top

Analyst Blog

STAG Industrial, Inc. (STAG - Snapshot Report), a real estate investment trust (REIT), has recently acquired a portfolio of 31 industrial buildings for approximately $129 million from an unnamed seller.

The portfolio totals to approximately 4.3 million square feet of warehouse and distribution space spread across 10 different states. The buildings are leased to 29 different tenants and are 91% leased. With this transaction, the company's year-to-date acquisition tally has surged to $343 million. Overall square footage of STAG Industrial has increased by 63% since year-end 2011.

Through this strategic initiative, the company expects to enhance the quality of its portfolio and expects it to be accretive to earnings going forward. At the same time, the company continues the diversification of its portfolio to maintain a mix of markets and tenants, which in turn will limit its exposure to any single tenant, industry, or geographic location.

Despite the challenging economic environment, STAG Industrial has been very active on the acquisition front.  In October 2012, the company had acquired 13  fully leased industrial facilities totaling approximately 3.1 million square feet.

STAG Industrial owns and manages single-tenant industrial properties throughout the United States. The company is currently focused on the acquisition of Class B, single tenant industrial properties primarily in secondary markets. Presently, the company’s portfolio consists of 165 properties in 31 states aggregating approximately 27.8 million rentable square feet.

STAG Industrial currently retains a Zacks #2 Rank, which translates into a short-term Buy rating. We have a long-term Neutral recommendation on the stock. One of its competitors, First industrial Realty Trust Inc ((FR - Snapshot Report) retains a Zacks# 3 rank, which translates into a short term Hold rating.

Please login to Zacks.com or register to post a comment.

New to Zacks?

Start Here

Zacks Investment Research

Close

Are you a new Zacks Member or a visitor to Zacks.com?

Top Zacks Features

My Portfolio Tracker

Is it Time to Sell?

One of the most important steps you can take today is to set up your portfolio tracker on Zacks.com. Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts.

More Zacks Resources

Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.

Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.

Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.

My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.

Zacks #1 Rank Top Movers for Zacks #1 Rank Top Movers

Company Symbol Price %Chg
SYNAPTICS I… SYNA 78.11 +8.14%
CENTURY ALU… CENX 19.88 +5.74%
GREEN PLAIN… GPRE 39.41 +5.12%
PILGRIM'S P… PPC 28.82 +3.08%
THE PANTRY… PTRY 18.41 +2.79%