Zacks: Brokerages Expect Stag Industrial Inc (STAG) Will Post Earnings of $0.43 Per Share

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 equities analysts have recently weighed in on STAG shares. Ladenburg Thalmann Financial Services reaffirmed a “buy” rating on shares of Stag Industrial in a research note on Friday, November 3rd. BidaskClub raised Stag Industrial from a “strong sell” rating to a “sell” rating in a research note on Saturday, November 4th. UBS Group raised Stag Industrial from a “sell” rating to a “neutral” rating and lifted their price objective for the company from $21.00 to $28.00 in a research note on Friday, September 8th. JPMorgan Chase & Co. raised Stag Industrial from a “neutral” rating to an “overweight” rating and set a $30.00 price objective on the stock in a research note on Friday, December 15th. Finally, TheStreet lowered Stag Industrial from a “b-” rating to a “c+” rating in a research note on Tuesday, December 19th. One analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $28.50.

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%.

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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.

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