Equities research analysts expect that Stag Industrial, Inc. (NYSE:STAG) will report $0.42 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Six analysts have issued estimates for Stag Industrial’s earnings, with estimates ranging from $0.42 to $0.43. Stag Industrial reported earnings per share of ($0.06) during the same quarter last year, which suggests a positive year over year growth rate of 800%. The firm is scheduled to issue its next quarterly earnings results on Thursday, November 2nd.
According to Zacks, analysts expect that Stag Industrial will report full year earnings of $1.68 per share for the current year, with EPS estimates ranging from $1.66 to $1.70. For the next year, analysts anticipate that the firm will report earnings of $1.82 per share, with EPS estimates ranging from $1.76 to $1.87. Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that that provide coverage for Stag Industrial.
Stag Industrial (NYSE:STAG) last posted its earnings results on Tuesday, August 1st. The real estate investment trust reported $0.41 EPS for the quarter, hitting analysts’ consensus estimates of $0.41. The firm had revenue of $72.20 million during the quarter, compared to analysts’ expectations of $71.44 million. Stag Industrial had a net margin of 12.22% and a return on equity of 3.97%. The business’s revenue for the quarter was up 19.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.38 earnings per share.
Several research analysts have recently commented on the company. Evercore ISI raised Stag Industrial from an “in-line” rating to an “outperform” rating and set a $30.00 price objective for the company in a report on Monday, August 14th. Ladenburg Thalmann Financial Services reissued a “buy” rating on shares of Stag Industrial in a report on Wednesday, August 2nd. Jefferies Group LLC reissued a “buy” rating and set a $32.00 price objective (up previously from $31.00) on shares of Stag Industrial in a report on Tuesday, August 22nd. BidaskClub lowered Stag Industrial from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 20th. Finally, UBS AG raised Stag Industrial from a “sell” rating to a “neutral” rating and boosted their price objective for the stock from $21.00 to $28.00 in a report on Friday, September 8th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $27.56.
In related news, EVP Peter S. Fearey sold 1,033 shares of the business’s stock in a transaction that occurred on Friday, September 8th. The stock was sold at an average price of $28.71, for a total value of $29,657.43. Following the completion of the sale, the executive vice president now owns 2,506 shares in the company, valued at approximately $71,947.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.00% of the company’s stock.
A number of hedge funds have recently made changes to their positions in STAG. San Francisco Sentry Investment Group CA bought a new stake in Stag Industrial in the second quarter valued at approximately $117,000. Creative Planning lifted its position in Stag Industrial by 140.4% in the second quarter. Creative Planning now owns 4,341 shares of the real estate investment trust’s stock valued at $120,000 after purchasing an additional 2,535 shares during the last quarter. Daiwa Securities Group Inc. lifted its position in Stag Industrial by 45.5% in the first quarter. Daiwa Securities Group Inc. now owns 6,400 shares of the real estate investment trust’s stock valued at $160,000 after purchasing an additional 2,000 shares during the last quarter. SG Americas Securities LLC lifted its position in Stag Industrial by 3.4% in the first quarter. SG Americas Securities LLC now owns 6,587 shares of the real estate investment trust’s stock valued at $165,000 after purchasing an additional 215 shares during the last quarter. Finally, Ameritas Investment Partners Inc. bought a new stake in Stag Industrial in the first quarter valued at approximately $174,000. Hedge funds and other institutional investors own 81.25% of the company’s stock.
Shares of Stag Industrial (STAG) remained flat at $28.14 on Friday. 1,060,924 shares of the company were exchanged. The firm has a market capitalization of $2.60 billion, a price-to-earnings ratio of 17.37 and a beta of 1.21. The firm’s 50-day moving average is $27.69 and its 200-day moving average is $26.77. Stag Industrial has a one year low of $21.21 and a one year high of $28.95.
The company also recently announced a monthly dividend, which will be paid on Friday, December 15th. Investors of record on Thursday, November 30th will be given a $0.1175 dividend. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $1.41 dividend on an annualized basis and a yield of 5.01%. Stag Industrial’s payout ratio is 503.57%.
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Stag Industrial Company Profile
STAG Industrial, Inc is a real estate investment trust. The Company is focused on the acquisition, ownership, and operation of single-tenant, industrial properties across the United States. As of December 31, 2016, the Company owned 314 buildings in 37 states with approximately 60.9 million rentable square feet, consisting of 243 warehouse/distribution buildings, 54 light manufacturing buildings, 16 flex/office buildings, and one building in redevelopment.
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