Analysts expect Stag Industrial Inc (NYSE:STAG) to post earnings of $0.45 per share for the current quarter, Zacks reports. Four analysts have issued estimates for Stag Industrial’s earnings, with the highest EPS estimate coming in at $0.47 and the lowest estimate coming in at $0.43. Stag Industrial posted earnings of $0.44 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 2.3%. The company is expected to announce its next earnings report on Thursday, February 21st.
On average, analysts expect that Stag Industrial will report full year earnings of $1.77 per share for the current fiscal year, with EPS estimates ranging from $1.72 to $1.81. For the next year, analysts forecast that the business will post earnings of $1.87 per share, with EPS estimates ranging from $1.82 to $1.93. Zacks Investment Research’s EPS averages are a mean average based on a survey of analysts that that provide coverage for Stag Industrial.
Stag Industrial (NYSE:STAG) last released its quarterly earnings results on Thursday, November 1st. The real estate investment trust reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.38). The firm had revenue of $89.00 million for the quarter, compared to the consensus estimate of $87.49 million. Stag Industrial had a net margin of 14.96% and a return on equity of 3.74%. Stag Industrial’s quarterly revenue was up 14.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.43 earnings per share.
Several equities analysts have recently weighed in on the company. Zacks Investment Research cut Stag Industrial from a “hold” rating to a “sell” rating in a report on Wednesday, October 10th. Raymond James lowered their price target on Stag Industrial from $29.50 to $28.50 and set an “outperform” rating on the stock in a report on Monday. Five analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $28.25.
Institutional investors have recently made changes to their positions in the stock. Canton Hathaway LLC bought a new position in Stag Industrial in the 3rd quarter worth $140,000. First Hawaiian Bank bought a new position in Stag Industrial in the 3rd quarter worth $148,000. Clear Harbor Asset Management LLC bought a new position in Stag Industrial in the 2nd quarter worth $201,000. Private Advisor Group LLC bought a new position in Stag Industrial in the 2nd quarter worth $212,000. Finally, Signition LP bought a new position in Stag Industrial in the 3rd quarter worth $225,000. 84.36% of the stock is currently owned by institutional investors.
Shares of NYSE STAG traded up $0.26 during midday trading on Wednesday, hitting $26.49. 490,842 shares of the stock traded hands, compared to its average volume of 746,276. The stock has a market capitalization of $2.71 billion, a price-to-earnings ratio of 15.66, a PEG ratio of 2.88 and a beta of 1.02. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.85 and a quick ratio of 0.85. Stag Industrial has a one year low of $22.42 and a one year high of $29.07.
The business also recently announced a monthly dividend, which will be paid on Thursday, November 15th. Investors of record on Wednesday, October 31st will be issued a $0.118 dividend. The ex-dividend date of this dividend is Tuesday, October 30th. This represents a $1.42 dividend on an annualized basis and a yield of 5.35%. Stag Industrial’s dividend payout ratio is currently 84.02%.
Stag Industrial Company Profile
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. 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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