Wall Street analysts predict that Stag Industrial Inc (NYSE:STAG) will post $88.89 million in sales for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for Stag Industrial’s earnings. The lowest sales estimate is $86.18 million and the highest is $90.68 million. Stag Industrial posted sales of $78.14 million during the same quarter last year, which suggests a positive year over year growth rate of 13.8%. The company is scheduled to report its next quarterly earnings report on Thursday, November 1st.
According to Zacks, analysts expect that Stag Industrial will report full-year sales of $349.26 million for the current financial year, with estimates ranging from $339.54 million to $355.26 million. For the next financial year, analysts forecast that the business will report sales of $386.90 million, with estimates ranging from $346.92 million to $415.26 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that cover Stag Industrial.
Stag Industrial (NYSE:STAG) last issued its earnings results on Tuesday, July 31st. The real estate investment trust reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.44 by $0.01. Stag Industrial had a return on equity of 5.08% and a net margin of 19.24%. The business had revenue of $85.47 million during the quarter, compared to the consensus estimate of $84.32 million.
Shares of STAG traded down $0.01 during midday trading on Friday, reaching $27.03. The company had a trading volume of 530,500 shares, compared to its average volume of 752,647. Stag Industrial has a 1-year low of $22.42 and a 1-year high of $29.07. The company has a market capitalization of $2.86 billion, a PE ratio of 15.99, a price-to-earnings-growth ratio of 2.91 and a beta of 1.07. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.83.
The business also recently announced a monthly dividend, which was paid on Monday, September 17th. Shareholders of record on Friday, August 31st were paid a $0.1183 dividend. This represents a $1.42 dividend on an annualized basis and a dividend yield of 5.25%. The ex-dividend date of this dividend was Thursday, August 30th. Stag Industrial’s dividend payout ratio (DPR) is presently 84.02%.
Several institutional investors and hedge funds have recently modified their holdings of STAG. SG Americas Securities LLC grew its holdings in shares of Stag Industrial by 42.8% during the 1st quarter. SG Americas Securities LLC now owns 20,807 shares of the real estate investment trust’s stock worth $498,000 after purchasing an additional 6,236 shares during the period. Swiss National Bank grew its holdings in shares of Stag Industrial by 4.6% during the 1st quarter. Swiss National Bank now owns 164,400 shares of the real estate investment trust’s stock worth $3,932,000 after purchasing an additional 7,300 shares during the period. M&T Bank Corp purchased a new position in shares of Stag Industrial during the 1st quarter worth $208,000. Schwab Charles Investment Management Inc. grew its holdings in shares of Stag Industrial by 3.2% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 454,507 shares of the real estate investment trust’s stock worth $10,872,000 after purchasing an additional 14,156 shares during the period. Finally, Northern Trust Corp grew its holdings in shares of Stag Industrial by 4.7% during the 1st quarter. Northern Trust Corp now owns 1,652,684 shares of the real estate investment trust’s stock worth $39,532,000 after purchasing an additional 74,084 shares during the period. 84.40% of the stock is owned by institutional investors and hedge funds.
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. 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.
Featured Story: Why is the conference call important?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Stag Industrial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stag Industrial and related companies with MarketBeat.com's FREE daily email newsletter.