Wall Street analysts expect that Stag Industrial Inc (NYSE:STAG) will post $101.59 million in sales for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for Stag Industrial’s earnings. The highest sales estimate is $104.23 million and the lowest is $96.47 million. Stag Industrial reported sales of $88.95 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 14.2%. The company is expected to issue its next earnings results on Thursday, November 7th.
On average, analysts expect that Stag Industrial will report full year sales of $400.33 million for the current financial year, with estimates ranging from $384.03 million to $408.98 million. For the next year, analysts anticipate that the business will report sales of $446.87 million, with estimates ranging from $389.29 million to $470.57 million. Zacks’ sales averages are a mean average based on a survey of research analysts that cover Stag Industrial.
Stag Industrial (NYSE:STAG) last issued its earnings results on Tuesday, July 30th. The real estate investment trust reported $0.10 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.35). The company had revenue of $96.65 million for the quarter, compared to analysts’ expectations of $97.90 million. Stag Industrial had a return on equity of 4.57% and a net margin of 20.06%. Stag Industrial’s revenue for the quarter was up 13.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.45 earnings per share.
Several equities research analysts have commented on STAG shares. Zacks Investment Research lowered shares of Stag Industrial from a “hold” rating to a “sell” rating in a research report on Wednesday. ValuEngine downgraded Stag Industrial from a “buy” rating to a “hold” rating in a research note on Friday, July 19th. One analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $30.63.
In other news, EVP Jeffrey M. Sullivan sold 35,815 shares of Stag Industrial stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $29.37, for a total transaction of $1,051,886.55. Following the completion of the transaction, the executive vice president now owns 35,815 shares of the company’s stock, valued at approximately $1,051,886.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 1.50% of the company’s stock.
Several large investors have recently added to or reduced their stakes in STAG. Rehmann Capital Advisory Group raised its stake in Stag Industrial by 3,005.6% in the 2nd quarter. Rehmann Capital Advisory Group now owns 1,118 shares of the real estate investment trust’s stock valued at $34,000 after purchasing an additional 1,082 shares during the last quarter. Marshall Wace North America L.P. acquired a new position in Stag Industrial in the 1st quarter valued at about $36,000. Lindbrook Capital LLC raised its stake in Stag Industrial by 90.8% in the 2nd quarter. Lindbrook Capital LLC now owns 1,891 shares of the real estate investment trust’s stock valued at $57,000 after purchasing an additional 900 shares during the last quarter. Point72 Asset Management L.P. acquired a new position in Stag Industrial in the 2nd quarter valued at about $67,000. Finally, First Interstate Bank acquired a new position in Stag Industrial in the 2nd quarter valued at about $80,000. 89.03% of the stock is owned by institutional investors and hedge funds.
Shares of NYSE STAG traded down $0.06 during trading on Thursday, hitting $29.96. 659,845 shares of the company were exchanged, compared to its average volume of 749,079. The company has a market cap of $3.82 billion, a price-to-earnings ratio of 16.74, a PEG ratio of 4.24 and a beta of 0.92. Stag Industrial has a 1 year low of $23.24 and a 1 year high of $31.66. The firm’s fifty day moving average price is $29.18 and its 200 day moving average price is $29.53. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.02 and a quick ratio of 1.02.
The company also recently declared a dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be paid a dividend of $0.119 per share. The ex-dividend date of this dividend is Friday, September 27th. Stag Industrial’s dividend payout ratio (DPR) is presently 79.89%.
Stag Industrial Company Profile
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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