STAG Industrial Inc (NYSE:STAG) – Research analysts at Jefferies Group reduced their Q1 2018 EPS estimates for shares of STAG Industrial in a report issued on Thursday, April 12th. Jefferies Group analyst J. Petersen now forecasts that the real estate investment trust will earn $0.44 per share for the quarter, down from their prior estimate of $0.45. Jefferies Group also issued estimates for STAG Industrial’s FY2018 earnings at $1.80 EPS and FY2019 earnings at $1.89 EPS.
STAG has been the topic of several other research reports. Zacks Investment Research lowered STAG Industrial from a “hold” rating to a “sell” rating in a research note on Thursday, January 25th. TheStreet lowered STAG Industrial from a “b-” rating to a “c+” rating in a research note on Tuesday, December 19th. ValuEngine lowered STAG Industrial from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Royal Bank of Canada set a $28.00 price target on STAG Industrial and gave the company a “buy” rating in a research note on Monday, February 26th. Finally, DA Davidson reaffirmed a “neutral” rating on shares of STAG Industrial in a research note on Friday, February 16th. One 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. The company presently has an average rating of “Buy” and a consensus target price of $29.19.
STAG Industrial stock opened at $23.43 on Friday. The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt-to-equity ratio of 0.61. STAG Industrial has a 52 week low of $22.42 and a 52 week high of $28.95. The firm has a market capitalization of $2,310.30, a price-to-earnings ratio of 14.06, a price-to-earnings-growth ratio of 2.84 and a beta of 1.09.
STAG Industrial (NYSE:STAG) last posted its quarterly earnings data on Thursday, February 15th. The real estate investment trust reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.42. The company had revenue of $81.30 million for the quarter, compared to analyst estimates of $79.83 million. STAG Industrial had a return on equity of 2.92% and a net margin of 10.38%. The business’s revenue was up 22.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.42 earnings per share.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Aperio Group LLC bought a new stake in STAG Industrial in the fourth quarter valued at about $216,000. Envestnet Asset Management Inc. lifted its stake in STAG Industrial by 76.5% in the third quarter. Envestnet Asset Management Inc. now owns 7,963 shares of the real estate investment trust’s stock valued at $219,000 after purchasing an additional 3,451 shares during the last quarter. Signition LP purchased a new position in STAG Industrial in the fourth quarter valued at approximately $222,000. Kovack Advisors Inc. purchased a new position in STAG Industrial in the fourth quarter valued at approximately $239,000. Finally, First Mercantile Trust Co. lifted its stake in STAG Industrial by 31.7% in the fourth quarter. First Mercantile Trust Co. now owns 9,090 shares of the real estate investment trust’s stock valued at $248,000 after purchasing an additional 2,190 shares during the last quarter. Institutional investors and hedge funds own 84.39% of the company’s stock.
The business also recently disclosed a monthly dividend, which will be paid on Monday, July 16th. Investors of record on Friday, June 29th will be issued a $0.1183 dividend. The ex-dividend date is Thursday, June 28th. This represents a $1.42 dividend on an annualized basis and a yield of 6.06%. STAG Industrial’s dividend payout ratio is presently 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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