Stag Industrial (STAG) Scheduled to Post Earnings on Wednesday

Stag Industrial (NYSE:STAG) is scheduled to be posting its quarterly earnings results after the market closes on Wednesday, February 14th. Analysts expect Stag Industrial to post earnings of $0.02 per share for the quarter.

Shares of Stag Industrial (NYSE STAG) opened at $23.73 on Wednesday. The firm has a market capitalization of $2,230.00, a P/E ratio of 43.15, a PEG ratio of 2.61 and a beta of 1.09. Stag Industrial has a 1 year low of $23.09 and a 1 year high of $28.95. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.09 and a quick ratio of 0.09.

A number of equities research analysts have recently weighed in on the company. Ladenburg Thalmann Financial Services reiterated a “buy” rating on shares of Stag Industrial in a research report on Friday, November 3rd. BidaskClub upgraded Stag Industrial from a “strong sell” rating to a “sell” rating in a research report on Saturday, November 4th. TheStreet upgraded Stag Industrial from a “c” rating to a “b-” rating in a research report on Tuesday, November 14th. JPMorgan Chase & Co. upgraded Stag Industrial from a “neutral” rating to an “overweight” rating and set a $30.00 price objective on the stock in a research report on Friday, December 15th. Finally, Zacks Investment Research lowered Stag Industrial from a “hold” rating to a “sell” rating in a research report on Thursday, January 25th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $28.50.

In related news, CFO William R. Crooker sold 31,889 shares of Stag Industrial stock in a transaction that occurred on Friday, January 5th. The stock was sold at an average price of $26.41, for a total transaction of $842,188.49. Following the sale, the chief financial officer now directly owns 46,493 shares in the company, valued at $1,227,880.13. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Stephen C. Mecke sold 30,000 shares of Stag Industrial 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 sale, the chief operating officer now owns 32,000 shares in the company, valued at $845,120. The disclosure for this sale can be found here. Insiders have sold 165,069 shares of company stock worth $4,359,472 over the last 90 days. 2.00% of the stock is currently owned by corporate insiders.

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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.

Earnings History for Stag Industrial (NYSE:STAG)

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