STAG Industrial (STAG) Set to Announce Earnings on Tuesday

STAG Industrial (NYSE:STAG) is set to release its earnings data after the market closes on Tuesday, April 30th. Analysts expect STAG Industrial to post earnings of $0.58 per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

STAG Industrial Price Performance

Shares of STAG opened at $35.34 on Tuesday. The firm has a market capitalization of $6.43 billion, a PE ratio of 32.72, a PEG ratio of 4.93 and a beta of 1.02. The company’s 50-day moving average is $37.49 and its 200-day moving average is $36.83. STAG Industrial has a fifty-two week low of $31.69 and a fifty-two week high of $39.61. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.79 and a quick ratio of 1.79.

STAG Industrial Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be given a $0.1233 dividend. This represents a $1.48 annualized dividend and a dividend yield of 4.19%. The ex-dividend date of this dividend is Friday, June 28th. STAG Industrial’s payout ratio is presently 137.04%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on STAG. Robert W. Baird reissued a “neutral” rating and issued a $41.00 price objective (up from $38.00) on shares of STAG Industrial in a research report on Friday, January 5th. BMO Capital Markets reaffirmed an “outperform” rating and set a $42.00 price target (up from $41.00) on shares of STAG Industrial in a research report on Monday, April 8th. Barclays began coverage on shares of STAG Industrial in a research report on Wednesday, March 27th. They set an “equal weight” rating and a $40.00 price target on the stock. Finally, Royal Bank of Canada raised their price target on shares of STAG Industrial from $39.00 to $40.00 and gave the stock a “sector perform” rating in a research report on Friday, February 16th. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, STAG Industrial has an average rating of “Hold” and an average price target of $39.13.

About STAG Industrial

We are a REIT focused on the acquisition, ownership, and operation of industrial properties throughout the United States. Our platform is designed to (i) identify properties for acquisition that offer relative value across CBRE-EA Tier 1 industrial real estate markets, industries, and tenants through the principled application of our proprietary risk assessment model, (ii) provide growth through sophisticated industrial operation and an attractive opportunity set, and (iii) capitalize our business appropriately given the characteristics of our assets.