Brokerages expect STAG Industrial Inc (NYSE:STAG) to post earnings per share of $0.43 for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for STAG Industrial’s earnings, with estimates ranging from $0.42 to $0.45. STAG Industrial reported earnings of $0.41 per share during the same quarter last year, which indicates a positive year over year growth rate of 4.9%. The company is scheduled to issue its next earnings results after the market closes on Tuesday, May 1st.
On average, analysts expect that STAG Industrial will report full year earnings of $1.80 per share for the current financial year, with EPS estimates ranging from $1.74 to $1.91. For the next year, analysts forecast that the business will post earnings of $1.90 per share, with EPS estimates ranging from $1.80 to $2.06. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that that provide coverage for STAG Industrial.
STAG Industrial (NYSE:STAG) last posted its earnings results on Thursday, February 15th. The real estate investment trust reported $0.44 EPS for the quarter, beating the consensus estimate of $0.02 by $0.42. STAG Industrial had a return on equity of 2.92% and a net margin of 10.38%. The company had revenue of $81.30 million for the quarter, compared to the consensus estimate of $79.83 million. During the same quarter in the prior year, the business earned $0.42 earnings per share. The firm’s revenue for the quarter was up 22.3% on a year-over-year basis.
STAG has been the topic of several research reports. TheStreet downgraded STAG Industrial from a “b-” rating to a “c+” rating in a research report on Tuesday, December 19th. ValuEngine downgraded STAG Industrial from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Royal Bank of Canada reaffirmed a “buy” rating and issued a $27.00 target price on shares of STAG Industrial in a research report on Thursday, March 29th. Zacks Investment Research downgraded STAG Industrial from a “hold” rating to a “sell” rating in a research report on Thursday, January 25th. Finally, Cantor Fitzgerald set a $29.00 target price on STAG Industrial and gave the company a “hold” rating in a research report on Thursday, February 15th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $29.19.
Hedge funds have recently modified their holdings of the stock. New York State Common Retirement Fund lifted its stake in STAG Industrial by 18.2% during the third quarter. New York State Common Retirement Fund now owns 112,955 shares of the real estate investment trust’s stock worth $3,103,000 after purchasing an additional 17,355 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in STAG Industrial by 28.6% during the third quarter. Russell Investments Group Ltd. now owns 61,981 shares of the real estate investment trust’s stock worth $1,703,000 after purchasing an additional 13,768 shares during the last quarter. Schroder Investment Management Group bought a new stake in STAG Industrial during the third quarter worth $331,000. Schwab Charles Investment Management Inc. lifted its stake in STAG Industrial by 9.2% during the third quarter. Schwab Charles Investment Management Inc. now owns 394,737 shares of the real estate investment trust’s stock worth $10,844,000 after purchasing an additional 33,152 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in STAG Industrial by 1.5% during the third quarter. Dimensional Fund Advisors LP now owns 1,177,483 shares of the real estate investment trust’s stock worth $32,346,000 after purchasing an additional 17,605 shares during the last quarter. Institutional investors and hedge funds own 84.42% of the company’s stock.
STAG Industrial stock opened at $24.44 on Wednesday. STAG Industrial has a 12 month low of $22.42 and a 12 month high of $28.95. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.13 and a current ratio of 0.13. The company has a market capitalization of $2,327.80, a PE ratio of 14.46, a PEG ratio of 2.87 and a beta of 1.09.
The business also recently declared a monthly dividend, which will be paid on Monday, July 16th. Investors of record on Friday, June 29th will be paid a $0.1183 dividend. This represents a $1.42 annualized dividend and a dividend yield of 5.81%. The ex-dividend date is Thursday, June 28th. STAG Industrial’s dividend payout ratio (DPR) is currently 84.02%.
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About STAG Industrial
STAG Industrial, Inc is an industrial real estate operating company focused on the acquisition and operation of single-tenant, industrial properties throughout the United States. As of December 31, 2017, the Company owned 356 buildings in 37 states with approximately 70.2 million rentable square feet (square feet unaudited herein and throughout the Notes), consisting of 288 warehouse/distribution buildings, 52 light manufacturing buildings, 14 flex/office buildings, and two buildings classified as held for sale.
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