Equities analysts expect STAG Industrial, Inc. (NYSE:STAG – Get Rating) to report $161.04 million in sales for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for STAG Industrial’s earnings, with the lowest sales estimate coming in at $160.80 million and the highest estimate coming in at $161.35 million. STAG Industrial reported sales of $138.43 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 16.3%. The firm is scheduled to announce its next quarterly earnings results on Monday, January 1st.
On average, analysts expect that STAG Industrial will report full year sales of $657.98 million for the current financial year, with estimates ranging from $656.07 million to $659.27 million. For the next year, analysts expect that the business will report sales of $740.25 million, with estimates ranging from $733.80 million to $746.80 million. Zacks’ sales calculations are a mean average based on a survey of research analysts that cover STAG Industrial.
STAG Industrial (NYSE:STAG – Get Rating) last announced its quarterly earnings results on Tuesday, May 3rd. The real estate investment trust reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.22). STAG Industrial had a net margin of 37.63% and a return on equity of 7.01%. The firm had revenue of $159.21 million for the quarter, compared to the consensus estimate of $156.38 million. During the same period in the previous year, the company posted $0.49 earnings per share. STAG Industrial’s quarterly revenue was up 18.8% on a year-over-year basis.
NYSE:STAG opened at $34.46 on Friday. The firm has a market capitalization of $6.18 billion, a price-to-earnings ratio of 26.51, a PEG ratio of 3.06 and a beta of 0.99. STAG Industrial has a 1 year low of $33.49 and a 1 year high of $48.27. The business has a 50 day simple moving average of $39.50 and a 200-day simple moving average of $41.72. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.83 and a quick ratio of 1.83.
The firm also recently declared a monthly dividend, which will be paid on Friday, July 15th. Stockholders of record on Thursday, June 30th will be issued a $0.1217 dividend. The ex-dividend date of this dividend is Wednesday, June 29th. This represents a $1.46 annualized dividend and a dividend yield of 4.24%. STAG Industrial’s payout ratio is 112.31%.
In other STAG Industrial news, CEO Benjamin S. Butcher sold 10,000 shares of the firm’s stock in a transaction on Monday, March 7th. The stock was sold at an average price of $39.66, for a total transaction of $396,600.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Benjamin S. Butcher sold 15,000 shares of the firm’s stock in a transaction on Friday, March 4th. The stock was sold at an average price of $40.03, for a total value of $600,450.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 60,000 shares of company stock worth $2,400,750. Company insiders own 1.20% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Confluence Wealth Services Inc. purchased a new position in shares of STAG Industrial in the 4th quarter valued at $26,000. Clearstead Advisors LLC purchased a new position in shares of STAG Industrial in the 3rd quarter valued at $29,000. UMB Bank N A MO purchased a new position in shares of STAG Industrial in the 4th quarter valued at $34,000. Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of STAG Industrial in the 1st quarter valued at $35,000. Finally, Marshall Wace North America L.P. purchased a new position in shares of STAG Industrial in the 1st quarter valued at $36,000. Institutional investors own 84.18% of the company’s stock.
STAG Industrial Company Profile (Get Rating)
STAG Industrial, Inc (NYSE: STAG) is a real estate investment trust focused on the acquisition and operation of single-tenant, industrial properties throughout the United States. By targeting this type of property, STAG has developed an investment strategy that helps investors find a powerful balance of income plus growth.
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