Stag Industrial Inc (STAG) Expected to Post Earnings of $0.45 Per Share

Wall Street analysts expect that Stag Industrial Inc (NYSE:STAG) will post $0.45 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for Stag Industrial’s earnings, with the lowest EPS estimate coming in at $0.43 and the highest estimate coming in at $0.47. Stag Industrial posted earnings of $0.43 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 4.7%. The firm is scheduled to report its next earnings results on Thursday, November 1st.

According to Zacks, analysts expect that Stag Industrial will report full-year earnings of $1.79 per share for the current financial year, with EPS estimates ranging from $1.75 to $1.86. For the next fiscal year, analysts forecast that the business will report earnings of $1.90 per share, with EPS estimates ranging from $1.82 to $2.02. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that that provide coverage for Stag Industrial.

Stag Industrial (NYSE:STAG) last released its earnings results on Tuesday, July 31st. The real estate investment trust reported $0.45 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.01. Stag Industrial had a net margin of 19.24% and a return on equity of 5.08%. The company had revenue of $85.47 million for the quarter, compared to analyst estimates of $84.32 million.

A number of research firms have weighed in on STAG. UBS Group upped their price target on Stag Industrial from $24.00 to $26.00 and gave the stock a “neutral” rating in a report on Thursday, June 21st. JPMorgan Chase & Co. cut Stag Industrial from an “overweight” rating to a “neutral” rating and set a $27.00 target price for the company. in a research note on Friday, June 15th. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $28.20.

STAG traded down $0.01 on Thursday, reaching $27.03. 530,500 shares of the company’s stock were exchanged, compared to its average volume of 752,647. The company has a market cap 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. Stag Industrial has a twelve month low of $22.42 and a twelve month high of $29.07. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.04 and a current ratio of 1.04.

The firm also recently disclosed a monthly dividend, which was paid on Monday, September 17th. Shareholders of record on Friday, August 31st were given a dividend of $0.1183 per share. The ex-dividend date of this dividend was Thursday, August 30th. This represents a $1.42 dividend on an annualized basis and a yield of 5.25%. Stag Industrial’s payout ratio is presently 84.02%.

Several institutional investors and hedge funds have recently bought and sold shares of the company. BlackRock Inc. raised its stake in shares of Stag Industrial by 7.9% in the 2nd quarter. BlackRock Inc. now owns 9,267,732 shares of the real estate investment trust’s stock valued at $252,361,000 after acquiring an additional 675,981 shares in the last quarter. Nuveen Asset Management LLC boosted its stake in Stag Industrial by 0.6% in the 1st quarter. Nuveen Asset Management LLC now owns 4,304,612 shares of the real estate investment trust’s stock valued at $102,966,000 after buying an additional 27,078 shares in the last quarter. Westwood Holdings Group Inc. boosted its stake in Stag Industrial by 28.8% in the first quarter. Westwood Holdings Group Inc. now owns 3,276,839 shares of the real estate investment trust’s stock worth $78,382,000 after purchasing an additional 733,050 shares in the last quarter. Northern Trust Corp boosted its stake in Stag Industrial by 2.8% in the second quarter. Northern Trust Corp now owns 1,698,699 shares of the real estate investment trust’s stock worth $46,256,000 after purchasing an additional 46,015 shares in the last quarter. Finally, Frontier Capital Management Co. LLC acquired a new position in Stag Industrial in the second quarter worth $45,939,000. 84.40% of the stock is owned by institutional investors.

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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Earnings History and Estimates for Stag Industrial (NYSE:STAG)

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