Is Stag Industrial a Bargain Stock Right Now?
Share prices of Stag Industrial (NYSE: STAG) have fallen nearly 25% from their early 2022 highs. That's not out of line with the broader real estate investment trust (REIT) sector or the industrial niche in which it operates, with both under pressure lately. But unlike the case with Stag's closest peers, this discounted price may actually be a compelling value play. Here are some facts to consider as you examine this REIT.
One of the big concerns for industrial REITs today is that the boom in demand related to the coronavirus pandemic is over. There's some logic to that view, as working from home and social distancing resulted in an increase in online shopping. That uptick meant more demand for industrial assets like warehouses. But now that the world is learning to live with the coronavirus, some prominent companies have announced plans to pull back on investments in industrial assets. Technology and retail giant Amazon is probably the most newsworthy name on the list, which instantly got investors scared given the scale of its warehouse needs.
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Source Fool.com
STAG Industrial Inc. Stock
Currently there is a rather positive sentiment for STAG Industrial Inc. with 4 Buy predictions and 0 Sell predictions.
With a target price of 37 € there is a slightly positive potential of 13.05% for STAG Industrial Inc. compared to the current price of 32.73 €.
