Equities research analysts expect Stag Industrial Inc (NYSE:STAG) to report $95.19 million in sales for the current quarter, according to Zacks. Six analysts have issued estimates for Stag Industrial’s earnings. The lowest sales estimate is $93.76 million and the highest is $96.13 million. Stag Industrial posted sales of $83.28 million during the same quarter last year, which would indicate a positive year over year growth rate of 14.3%. The business is expected to announce its next earnings results after the market closes on Tuesday, April 30th.
According to Zacks, analysts expect that Stag Industrial will report full year sales of $395.67 million for the current year, with estimates ranging from $371.47 million to $404.30 million. For the next fiscal year, analysts expect that the firm will post sales of $439.14 million, with estimates ranging from $373.69 million to $461.13 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Stag Industrial.
Stag Industrial (NYSE:STAG) last issued its quarterly earnings data on Wednesday, February 13th. The real estate investment trust reported $0.46 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.45 by $0.01. The firm had revenue of $93.29 million for the quarter, compared to the consensus estimate of $91.61 million. Stag Industrial had a net margin of 24.98% and a return on equity of 6.16%. Stag Industrial’s quarterly revenue was up 14.8% compared to the same quarter last year. During the same period last year, the firm posted $0.44 EPS.
A number of analysts have commented on the stock. TheStreet upgraded shares of Stag Industrial from a “c+” rating to a “b” rating in a research report on Thursday, February 21st. LADENBURG THALM/SH SH boosted their price target on shares of Stag Industrial from $31.00 to $32.00 and gave the stock a “buy” rating in a research report on Wednesday, February 20th. ValuEngine upgraded shares of Stag Industrial from a “hold” rating to a “buy” rating in a research report on Friday, February 8th. DA Davidson boosted their price target on shares of Stag Industrial to $32.00 and gave the stock a “neutral” rating in a research report on Thursday, April 4th. Finally, JMP Securities restated an “outperform” rating on shares of Stag Industrial in a research report on Wednesday, January 2nd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company’s stock. Stag Industrial currently has a consensus rating of “Hold” and an average price target of $29.10.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Truvestments Capital LLC bought a new stake in shares of Stag Industrial in the 1st quarter worth approximately $66,000. Timbercreek Investment Management Inc. raised its holdings in shares of Stag Industrial by 2.4% in the 1st quarter. Timbercreek Investment Management Inc. now owns 168,876 shares of the real estate investment trust’s stock worth $5,007,000 after purchasing an additional 3,900 shares in the last quarter. Chartwell Investment Partners LLC raised its holdings in shares of Stag Industrial by 0.4% in the 1st quarter. Chartwell Investment Partners LLC now owns 532,870 shares of the real estate investment trust’s stock worth $15,800,000 after purchasing an additional 2,252 shares in the last quarter. Deutsche Bank AG raised its holdings in shares of Stag Industrial by 9.2% in the 4th quarter. Deutsche Bank AG now owns 551,431 shares of the real estate investment trust’s stock worth $13,717,000 after purchasing an additional 46,266 shares in the last quarter. Finally, FCA Corp TX bought a new stake in shares of Stag Industrial in the 4th quarter worth approximately $149,000. Institutional investors and hedge funds own 82.20% of the company’s stock.
NYSE:STAG traded down $0.23 during mid-day trading on Friday, hitting $29.26. The stock had a trading volume of 6,838 shares, compared to its average volume of 1,155,370. The company has a market cap of $3.48 billion, a PE ratio of 16.36, a P/E/G ratio of 3.19 and a beta of 1.08. Stag Industrial has a 52 week low of $23.24 and a 52 week high of $29.89. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.83.
The firm also recently announced a monthly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be issued a $0.1192 dividend. The ex-dividend date is Thursday, June 27th. This represents a $1.43 dividend on an annualized basis and a dividend yield of 4.89%. Stag Industrial’s payout ratio is currently 79.89%.
About Stag Industrial
STAG Industrial, Inc is an industrial real estate operating company focused on the acquisition, ownership, and operation of single-tenant, industrial properties throughout the United States. The Company was formed as a Maryland corporation and has elected to be treated and intends to continue to qualify as a real estate investment trust (REIT) under Sections 856 through 860 of the Internal Revenue Code of 1986, as amended.
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