Equities analysts expect Stag Industrial Inc (NYSE:STAG) to post earnings per share of $0.46 for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Stag Industrial’s earnings. The highest EPS estimate is $0.48 and the lowest is $0.45. Stag Industrial reported earnings per share of $0.45 in the same quarter last year, which would suggest a positive year-over-year growth rate of 2.2%. The company is expected to announce its next earnings results on Tuesday, August 4th.
On average, analysts expect that Stag Industrial will report full-year earnings of $1.85 per share for the current year, with EPS estimates ranging from $1.81 to $1.91. For the next year, analysts forecast that the company will report earnings of $1.88 per share, with EPS estimates ranging from $1.76 to $2.00. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that follow Stag Industrial.
Stag Industrial (NYSE:STAG) last issued its earnings results on Thursday, April 30th. The real estate investment trust reported $0.42 earnings per share for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.04). The business had revenue of $118.55 million during the quarter, compared to analyst estimates of $114.96 million. Stag Industrial had a net margin of 24.61% and a return on equity of 4.96%. Stag Industrial’s revenue for the quarter was up 23.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.45 EPS.
Shares of STAG traded up $0.29 during trading hours on Tuesday, reaching $27.33. The company’s stock had a trading volume of 1,025,134 shares, compared to its average volume of 1,484,170. The firm has a market cap of $4.00 billion, a price-to-earnings ratio of 38.65, a P/E/G ratio of 8.47 and a beta of 1.15. Stag Industrial has a 1-year low of $17.54 and a 1-year high of $33.48. The company has a quick ratio of 6.99, a current ratio of 6.99 and a debt-to-equity ratio of 0.75. The company has a 50 day moving average of $25.51 and a two-hundred day moving average of $28.52.
The company also recently declared a monthly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be paid a $0.12 dividend. The ex-dividend date is Monday, June 29th. This represents a $1.44 annualized dividend and a dividend yield of 5.27%. Stag Industrial’s payout ratio is 78.26%.
A number of institutional investors have recently made changes to their positions in the business. BlackRock Inc. increased its stake in Stag Industrial by 5.8% in the first quarter. BlackRock Inc. now owns 16,032,851 shares of the real estate investment trust’s stock valued at $361,059,000 after acquiring an additional 877,509 shares during the period. Nuveen Asset Management LLC lifted its holdings in Stag Industrial by 21.6% in the first quarter. Nuveen Asset Management LLC now owns 7,047,703 shares of the real estate investment trust’s stock valued at $158,715,000 after buying an additional 1,253,685 shares during the period. Invesco Ltd. raised its holdings in Stag Industrial by 13.7% in the first quarter. Invesco Ltd. now owns 5,703,303 shares of the real estate investment trust’s stock worth $128,438,000 after purchasing an additional 685,488 shares during the period. Massachusetts Financial Services Co. MA raised its holdings in Stag Industrial by 8.2% in the first quarter. Massachusetts Financial Services Co. MA now owns 5,048,208 shares of the real estate investment trust’s stock worth $113,686,000 after purchasing an additional 383,324 shares during the period. Finally, State Street Corp lifted its holdings in shares of Stag Industrial by 29.1% in the first quarter. State Street Corp now owns 5,032,481 shares of the real estate investment trust’s stock valued at $113,908,000 after purchasing an additional 1,133,934 shares in the last quarter. 91.45% of the stock is owned by hedge funds and other institutional investors.
About Stag Industrial
STAG Industrial, Inc is an industrial real estate operating company focused on the acquisition, ownership, 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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