Stag Industrial, Inc. (STAG) Scheduled to Post Quarterly Earnings on Wednesday
Stag Industrial, Inc. (NYSE:STAG) is scheduled to issue its quarterly earnings data after the market closes on Wednesday, November 1st. Analysts expect the company to announce earnings of $0.01 per share for the quarter.
Stag Industrial (NYSE:STAG) last released its quarterly earnings data on Tuesday, August 1st. The real estate investment trust reported $0.41 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.41. Stag Industrial had a return on equity of 3.97% and a net margin of 12.22%. The company had revenue of $72.20 million for the quarter, compared to the consensus estimate of $71.44 million. During the same quarter last year, the business posted $0.38 EPS. Stag Industrial’s revenue for the quarter was up 19.9% on a year-over-year basis. On average, analysts expect Stag Industrial to post $1.68 EPS for the current fiscal year and $1.82 EPS for the next fiscal year.
Shares of Stag Industrial, Inc. (NYSE STAG) opened at 27.51 on Wednesday. The company’s 50 day moving average price is $28.02 and its 200 day moving average price is $27.36. The firm has a market cap of $2.54 billion, a P/E ratio of 102.65 and a beta of 1.19. Stag Industrial, Inc. has a 12-month low of $21.21 and a 12-month high of $28.95.
The business also recently announced a monthly dividend, which will be paid on Friday, December 15th. Investors of record on Thursday, November 30th will be given a $0.1175 dividend. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $1.41 annualized dividend and a yield of 5.13%. Stag Industrial’s dividend payout ratio (DPR) is presently 503.57%.
In other news, EVP Peter S. Fearey sold 1,033 shares of Stag Industrial stock in a transaction on Friday, September 8th. The shares were sold at an average price of $28.71, for a total transaction of $29,657.43. Following the transaction, the executive vice president now owns 2,506 shares in the company, valued at approximately $71,947.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 2.00% of the company’s stock.
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Several research analysts recently issued reports on the stock. Raymond James Financial, Inc. upped their target price on shares of Stag Industrial from $27.50 to $28.50 and gave the stock an “outperform” rating in a research report on Wednesday, August 9th. BidaskClub lowered shares of Stag Industrial from a “sell” rating to a “strong sell” rating in a research report on Wednesday. Evercore ISI upgraded shares of Stag Industrial from an “in-line” rating to an “outperform” rating and set a $30.00 price target for the company in a research report on Monday, August 14th. Jefferies Group LLC restated a “buy” rating and set a $32.00 price target on shares of Stag Industrial in a research report on Tuesday, September 26th. Finally, Ladenburg Thalmann Financial Services restated a “buy” rating on shares of Stag Industrial in a research report on Wednesday, August 2nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $28.25.
Stag Industrial Company Profile
STAG Industrial, Inc is a real estate investment trust. The Company is focused on the acquisition, ownership, and operation of single-tenant, industrial properties across the United States. As of December 31, 2016, the Company owned 314 buildings in 37 states with approximately 60.9 million rentable square feet, consisting of 243 warehouse/distribution buildings, 54 light manufacturing buildings, 16 flex/office buildings, and one building in redevelopment.
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