Wall Street analysts expect STAG Industrial, Inc. (NYSE:STAG – Get Rating) to report earnings per share of $0.53 for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for STAG Industrial’s earnings, with the highest EPS estimate coming in at $0.54 and the lowest estimate coming in at $0.52. STAG Industrial reported earnings of $0.52 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 1.9%. The business is expected to announce its next earnings results on Monday, January 1st.
On average, analysts expect that STAG Industrial will report full-year earnings of $2.16 per share for the current year, with EPS estimates ranging from $2.07 to $2.19. For the next financial year, analysts expect that the business will report earnings of $2.30 per share, with EPS estimates ranging from $2.28 to $2.31. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that follow STAG Industrial.
STAG Industrial (NYSE:STAG – Get Rating) last posted its quarterly earnings results on Tuesday, May 3rd. The real estate investment trust reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.22). STAG Industrial had a return on equity of 7.01% and a net margin of 37.63%. The firm had revenue of $159.21 million for the quarter, compared to the consensus estimate of $156.38 million. During the same quarter in the previous year, the company posted $0.49 EPS. The firm’s revenue was up 18.8% compared to the same quarter last year.
Shares of NYSE:STAG opened at $34.46 on Thursday. The firm has a market capitalization of $6.18 billion, a PE ratio of 26.51, a P/E/G ratio of 3.03 and a beta of 0.99. The company has a quick ratio of 1.83, a current ratio of 1.83 and a debt-to-equity ratio of 0.66. The company has a 50-day moving average price of $39.50 and a two-hundred day moving average price of $41.70. STAG Industrial has a twelve month low of $33.49 and a twelve month high of $48.27.
The firm also recently announced a monthly dividend, which will be paid on Friday, July 15th. Investors of record on Thursday, June 30th will be given a $0.1217 dividend. This represents a $1.46 dividend on an annualized basis and a yield of 4.24%. The ex-dividend date of this dividend is Wednesday, June 29th. STAG Industrial’s payout ratio is presently 112.31%.
In other news, CEO Benjamin S. Butcher sold 10,000 shares of the business’s stock in a transaction that occurred 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 legal filing with the SEC, which is available through the SEC website. Also, CEO Benjamin S. Butcher sold 15,000 shares of the company’s stock in a transaction that occurred on Friday, March 4th. The shares were 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. Insiders sold 60,000 shares of company stock valued at $2,400,750 over the last three months. 1.20% of the stock is currently owned by insiders.
A number of institutional investors have recently modified their holdings of the business. Marshall Wace North America L.P. bought a new position in STAG Industrial in the 1st quarter worth $36,000. First Trust Advisors LP boosted its stake in shares of STAG Industrial by 88.7% during the 1st quarter. First Trust Advisors LP now owns 82,198 shares of the real estate investment trust’s stock valued at $2,437,000 after purchasing an additional 38,645 shares in the last quarter. Morgan Stanley increased its position in shares of STAG Industrial by 33.9% during the second quarter. Morgan Stanley now owns 594,942 shares of the real estate investment trust’s stock valued at $22,269,000 after buying an additional 150,632 shares during the period. PNC Financial Services Group Inc. raised its stake in STAG Industrial by 17.8% in the third quarter. PNC Financial Services Group Inc. now owns 19,252 shares of the real estate investment trust’s stock worth $756,000 after buying an additional 2,908 shares in the last quarter. Finally, Advisor Group Holdings Inc. boosted its position in shares of STAG Industrial by 30.0% in the 3rd quarter. Advisor Group Holdings Inc. now owns 107,570 shares of the real estate investment trust’s stock worth $4,225,000 after purchasing an additional 24,813 shares in the last quarter. 84.18% of the stock is currently owned by institutional investors and hedge funds.
About STAG Industrial (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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