BMO Capital analyst Eric Borden has maintained their bullish stance on STAG stock, giving a Buy rating on April 14.
Eric Borden has given his Buy rating due to a combination of factors that highlight Stag Industrial’s strong performance and strategic initiatives. The company reported a robust start to the year with significant leasing activity, achieving a 1 cent beat on the Core FFOps compared to market expectations. This was primarily driven by higher lease commencements and favorable leasing spreads, indicating strong demand and effective management.
Furthermore, Stag Industrial demonstrated effective capital recycling by disposing of assets at a lower yield and acquiring new ones at a higher yield, enhancing overall returns. Despite a slight decline in operating portfolio occupancy, the company successfully addressed a large portion of its 2025 lease expirations with impressive cash leasing spreads. Additionally, the development pipeline saw a substantial increase in leasing, showcasing the company’s growth potential. These positive aspects outweigh the concerns related to maintained guidance and occupancy fluctuations, supporting the Buy recommendation.
In another report released on April 14, Raymond James also maintained a Buy rating on the stock with a $36.00 price target.
Based on the recent corporate insider activity of 48 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of STAG in relation to earlier this year.