Analysts Anticipate Stag Industrial Inc (STAG) Will Announce Quarterly Sales of $80.37 Million
Brokerages expect that Stag Industrial Inc (NYSE:STAG) will post $80.37 million in sales for the current quarter, Zacks Investment Research reports. Five analysts have issued estimates for Stag Industrial’s earnings. The highest sales estimate is $81.55 million and the lowest is $78.43 million. Stag Industrial posted sales of $66.53 million during the same quarter last year, which suggests a positive year over year growth rate of 20.8%. The company is expected to issue its next earnings results on Thursday, February 15th.
According to Zacks, analysts expect that Stag Industrial will report full-year sales of $80.37 million for the current fiscal year, with estimates ranging from $297.00 million to $301.36 million. For the next year, analysts anticipate that the firm will report sales of $347.58 million per share, with estimates ranging from $316.94 million to $369.60 million. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover Stag Industrial.
Stag Industrial (NYSE:STAG) last announced its quarterly earnings data on Thursday, November 2nd. The real estate investment trust reported $0.43 EPS for the quarter, topping the consensus estimate of $0.42 by $0.01. Stag Industrial had a net margin of 18.96% and a return on equity of 5.72%. The company had revenue of $78.14 million during the quarter, compared to the consensus estimate of $76.17 million. During the same quarter last year, the firm posted $0.40 EPS. The company’s quarterly revenue was up 24.8% on a year-over-year basis.
In other news, EVP Peter S. Fearey sold 1,033 shares of Stag Industrial stock in a transaction on Friday, September 8th. The stock was sold at an average price of $28.71, for a total transaction of $29,657.43. Following the sale, the executive vice president now directly owns 2,506 shares in the company, valued at approximately $71,947.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.00% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of Stag Industrial by 5.4% during the 2nd quarter. Vanguard Group Inc. now owns 13,381,991 shares of the real estate investment trust’s stock worth $369,344,000 after purchasing an additional 691,105 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Stag Industrial by 4.5% during the 3rd quarter. Bank of New York Mellon Corp now owns 5,171,435 shares of the real estate investment trust’s stock worth $142,059,000 after purchasing an additional 220,542 shares during the period. Brookfield Asset Management Inc. raised its stake in shares of Stag Industrial by 7.3% during the 2nd quarter. Brookfield Asset Management Inc. now owns 2,674,778 shares of the real estate investment trust’s stock worth $73,824,000 after purchasing an additional 181,999 shares during the period. Wedge Capital Management L L P NC raised its stake in Stag Industrial by 2.7% in the 3rd quarter. Wedge Capital Management L L P NC now owns 2,169,600 shares of the real estate investment trust’s stock valued at $59,599,000 after acquiring an additional 57,601 shares during the period. Finally, State Street Corp raised its stake in Stag Industrial by 11.9% in the 2nd quarter. State Street Corp now owns 1,895,836 shares of the real estate investment trust’s stock valued at $52,324,000 after acquiring an additional 200,955 shares during the period. Institutional investors own 82.08% of the company’s stock.
Stag Industrial (NYSE STAG) traded down $0.16 during midday trading on Tuesday, reaching $27.84. 639,000 shares of the company traded hands, compared to its average volume of 695,907. Stag Industrial has a twelve month low of $22.64 and a twelve month high of $28.95. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.62. The firm has a market cap of $2,634.31, a P/E ratio of 16.77, a P/E/G ratio of 3.09 and a beta of 1.25.
The firm also recently announced a monthly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Wednesday, February 28th will be paid a dividend of $0.1183 per share. This represents a $1.42 dividend on an annualized basis and a dividend yield of 5.10%. The ex-dividend date is Tuesday, February 27th. Stag Industrial’s payout ratio is 261.12%.
ILLEGAL ACTIVITY WARNING: “Analysts Anticipate Stag Industrial Inc (STAG) Will Announce Quarterly Sales of $80.37 Million” was first posted by American Banking News and is owned by of American Banking News. If you are reading this news story on another domain, it was stolen and reposted in violation of US & international trademark & copyright law. The original version of this news story can be accessed at https://www.americanbankingnews.com/2017/12/05/analysts-anticipate-stag-industrial-inc-stag-will-announce-quarterly-sales-of-80-37-million.html.
About Stag Industrial
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Stag Industrial Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stag Industrial Inc and related companies with MarketBeat.com's FREE daily email newsletter.