Wall Street brokerages expect that Stag Industrial Inc (NYSE:STAG) will report earnings per share of $0.43 for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for Stag Industrial’s earnings. The highest EPS estimate is $0.44 and the lowest is $0.43. Stag Industrial reported earnings of $0.42 per share in the same quarter last year, which would indicate a positive year over year growth rate of 2.4%. The firm is scheduled to announce its next earnings report on Thursday, February 15th.
According to Zacks, analysts expect that Stag Industrial will report full-year earnings of $1.68 per share for the current fiscal year, with EPS estimates ranging from $1.67 to $1.69. For the next year, analysts anticipate that the firm will post earnings of $1.82 per share, with EPS estimates ranging from $1.77 to $1.87. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that cover Stag Industrial.
Stag Industrial (NYSE:STAG) last released its quarterly earnings data on Thursday, November 2nd. The real estate investment trust reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.01. The business had revenue of $78.14 million for the quarter, compared to analyst estimates of $76.17 million. Stag Industrial had a return on equity of 5.72% and a net margin of 18.96%. The company’s revenue was up 24.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.40 EPS.
Several large investors have recently made changes to their positions in STAG. Vanguard Group Inc. increased its holdings in 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 last quarter. Bank of New York Mellon Corp increased its holdings in 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 last quarter. Brookfield Asset Management Inc. increased its holdings in 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 last quarter. Wedge Capital Management L L P NC increased its holdings in Stag Industrial by 2.7% during the 3rd quarter. Wedge Capital Management L L P NC now owns 2,169,600 shares of the real estate investment trust’s stock worth $59,599,000 after purchasing an additional 57,601 shares during the last quarter. Finally, State Street Corp increased its holdings in Stag Industrial by 11.9% during the 2nd quarter. State Street Corp now owns 1,895,836 shares of the real estate investment trust’s stock worth $52,324,000 after purchasing an additional 200,955 shares during the last quarter. Institutional investors and hedge funds own 82.06% of the company’s stock.
Stag Industrial (NYSE STAG) traded down $0.17 during midday trading on Friday, hitting $26.40. The stock had a trading volume of 681,317 shares, compared to its average volume of 559,941. The firm has a market cap of $2,480.00, a price-to-earnings ratio of 48.00, a P/E/G ratio of 2.71 and a beta of 1.26. Stag Industrial has a fifty-two week low of $22.70 and a fifty-two week high of $28.95. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.62.
The business also recently announced a monthly dividend, which will be paid on Thursday, March 15th. Investors of record on Wednesday, February 28th will be issued a dividend of $0.1183 per share. The ex-dividend date is Tuesday, February 27th. This represents a $1.42 annualized dividend and a dividend yield of 5.38%. Stag Industrial’s payout ratio is currently 256.36%.
COPYRIGHT VIOLATION WARNING: This article was reported by American Banking News and is the sole property of of American Banking News. If you are viewing this article on another domain, it was copied illegally and reposted in violation of international copyright and trademark law. The correct version of this article can be accessed at https://www.americanbankingnews.com/2018/01/06/zacks-brokerages-expect-stag-industrial-inc-stag-will-post-earnings-of-0-43-per-share.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 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stag Industrial and related companies with MarketBeat.com's FREE daily email newsletter.