Analysts forecast that Stag Industrial Inc (NYSE:STAG) will report $0.46 earnings per share for the current quarter, according to Zacks. Four analysts have issued estimates for Stag Industrial’s earnings. The highest EPS estimate is $0.47 and the lowest is $0.45. Stag Industrial posted earnings per share of $0.45 in the same quarter last year, which suggests a positive year-over-year growth rate of 2.2%. The business is expected to issue its next quarterly earnings report after the market closes on Wednesday, October 30th.
On average, analysts expect that Stag Industrial will report full year earnings of $1.82 per share for the current financial year, with EPS estimates ranging from $1.78 to $1.92. For the next year, analysts expect that the firm will post earnings of $1.90 per share, with EPS estimates ranging from $1.81 to $1.94. Zacks’ EPS averages are an average based on a survey of sell-side analysts that that provide coverage for Stag Industrial.
Stag Industrial (NYSE:STAG) last released its quarterly earnings data on Tuesday, July 30th. The real estate investment trust reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.35). The firm had revenue of $96.65 million during 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%. The business’s revenue for the quarter was up 13.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.45 earnings per share.
Several equities research analysts recently commented on the company. ValuEngine downgraded Stag Industrial from a “buy” rating to a “hold” rating in a report on Friday, July 19th. Zacks Investment Research upgraded Stag Industrial from a “sell” rating to a “hold” rating in a report on Friday, October 4th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $30.63.
In other Stag Industrial news, EVP Jeffrey M. Sullivan sold 35,815 shares of Stag Industrial stock in a transaction that occurred 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 sale, the executive vice president now directly owns 35,815 shares in the company, valued at approximately $1,051,886.55. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.50% of the company’s stock.
A number of hedge funds have recently bought and sold shares of STAG. Rehmann Capital Advisory Group grew its position in shares of 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 worth $34,000 after acquiring an additional 1,082 shares in the last quarter. Marshall Wace North America L.P. acquired a new position in shares of Stag Industrial in the 1st quarter worth approximately $36,000. Lindbrook Capital LLC grew its position in shares of 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 worth $57,000 after acquiring an additional 900 shares in the last quarter. Point72 Asset Management L.P. acquired a new position in Stag Industrial during the 2nd quarter valued at approximately $67,000. Finally, First Interstate Bank acquired a new position in Stag Industrial during the 2nd quarter valued at approximately $80,000. Institutional investors own 88.99% of the company’s stock.
Shares of NYSE:STAG traded up $0.04 during mid-day trading on Thursday, hitting $30.19. 282,354 shares of the company traded hands, compared to its average volume of 1,308,921. The firm has a market cap of $3.84 billion, a P/E ratio of 16.87, a PEG ratio of 4.29 and a beta of 0.89. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.02 and a current ratio of 1.02. Stag Industrial has a 52-week low of $23.24 and a 52-week high of $31.66. The firm’s 50 day simple moving average is $29.40 and its 200 day simple moving average is $29.69.
The business also recently announced a dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be issued a dividend of $0.119 per share. The ex-dividend date of this dividend is Friday, September 27th. Stag Industrial’s payout ratio is currently 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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