Stag Industrial Inc (NYSE:STAG) – Equities researchers at Jefferies Group lowered their FY2018 earnings per share (EPS) estimates for shares of Stag Industrial in a report issued on Tuesday. Jefferies Group analyst J. Petersen now expects that the real estate investment trust will post earnings per share of $1.86 for the year, down from their previous forecast of $1.87. Jefferies Group has a “Buy” rating and a $32.00 price objective on the stock.

A number of other equities analysts have also commented on the company. BidaskClub lowered Stag Industrial from a “hold” rating to a “sell” rating in a research note on Friday, October 6th. Ladenburg Thalmann Financial Services reaffirmed a “buy” rating on shares of Stag Industrial in a research note on Friday, November 3rd. TheStreet raised Stag Industrial from a “c” rating to a “b-” rating in a research note on Tuesday, November 14th. Finally, 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. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $28.50.

Stag Industrial (NYSE STAG) traded up $0.27 during trading hours on Thursday, hitting $25.88. The stock had a trading volume of 762,500 shares, compared to its average volume of 684,827. The company has a market capitalization of $2,380.00, a PE ratio of 47.05, a P/E/G ratio of 2.71 and a beta of 1.26. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.09 and a current ratio of 0.09. Stag Industrial has a 52 week low of $22.70 and a 52 week high of $28.95.

Stag Industrial (NYSE:STAG) last released its quarterly earnings results on Thursday, November 2nd. The real estate investment trust reported $0.43 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.01. The company had revenue of $78.14 million for the quarter, compared to analysts’ expectations of $76.17 million. Stag Industrial had a return on equity of 5.72% and a net margin of 18.96%. The business’s quarterly revenue was up 24.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.40 earnings per share.

The business also recently disclosed a monthly dividend, which will be paid on Thursday, March 15th. Investors of record on Wednesday, February 28th will be paid a $0.1183 dividend. This represents a $1.42 dividend on an annualized basis and a dividend yield of 5.49%. The ex-dividend date is Tuesday, February 27th. Stag Industrial’s dividend payout ratio is currently 256.36%.

In other Stag Industrial news, CFO William R. Crooker sold 31,889 shares of the business’s stock in a transaction that occurred on Friday, January 5th. The stock was sold at an average price of $26.41, for a total value of $842,188.49. Following the transaction, the chief financial officer now directly owns 46,493 shares of the company’s stock, valued at $1,227,880.13. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Stephen C. Mecke sold 30,000 shares of the business’s stock in a transaction that occurred on Friday, January 5th. The shares were sold at an average price of $26.41, for a total value of $792,300.00. Following the completion of the transaction, the chief operating officer now directly owns 32,000 shares in the company, valued at $845,120. The disclosure for this sale can be found here. Over the last three months, insiders sold 165,069 shares of company stock worth $4,359,472. Insiders own 2.00% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of STAG. Vanguard Group Inc. raised its position in shares of Stag Industrial by 5.4% during the second 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 position in shares of Stag Industrial by 4.5% during the third 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 position in shares of Stag Industrial by 7.3% during the second 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 position in shares of Stag Industrial by 2.7% during the third 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 period. Finally, State Street Corp raised its position in shares of Stag Industrial by 11.9% during the second 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 period. 82.04% of the stock is currently owned by hedge funds and other institutional investors.

TRADEMARK VIOLATION WARNING: “Brokers Offer Predictions for Stag Industrial Inc’s FY2018 Earnings (STAG)” was originally posted by American Banking News and is the sole property of of American Banking News. If you are accessing this piece of content on another site, it was copied illegally and reposted in violation of U.S. and international copyright and trademark laws. The correct version of this piece of content can be viewed at https://www.americanbankingnews.com/2018/01/18/brokers-offer-predictions-for-stag-industrial-incs-fy2018-earnings-stag.html.

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.

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.