Stag Industrial Inc (STAG) Expected to Announce Quarterly Sales of $80.37 Million

Equities analysts expect that Stag Industrial Inc (NYSE:STAG) will post sales of $80.37 million for the current quarter, Zacks reports. Five analysts have provided estimates for Stag Industrial’s earnings, with estimates ranging from $78.43 million to $81.55 million. Stag Industrial posted sales of $66.53 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 20.8%. The business is expected to issue its next earnings results after the market closes on Thursday, February 15th.

On average, analysts expect that Stag Industrial will report full year sales of $80.37 million for the current financial year, with estimates ranging from $297.00 million to $301.36 million. For the next financial year, analysts forecast that the company will report sales of $347.58 million per share, with estimates ranging from $316.94 million to $369.60 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that follow Stag Industrial.

A number of research analysts recently commented on the company. ValuEngine cut Stag Industrial from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Zacks Investment Research cut Stag Industrial from a “hold” rating to a “sell” rating in a research report on Thursday, January 25th. TheStreet cut Stag Industrial from a “b-” rating to a “c+” rating in a research report on Tuesday, December 19th. JPMorgan Chase & Co. upgraded Stag Industrial from a “neutral” rating to an “overweight” rating and set a $30.00 price target on the stock in a research report on Friday, December 15th. Finally, BidaskClub upgraded Stag Industrial from a “strong sell” rating to a “sell” rating in a research report on Saturday, November 4th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $28.50.

Stag Industrial (NYSE:STAG) opened at $23.53 on Friday. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.09 and a quick ratio of 0.09. Stag Industrial has a 12-month low of $22.58 and a 12-month high of $28.95. The company has a market capitalization of $2,310.00, a price-to-earnings ratio of 42.78, a P/E/G ratio of 2.39 and a beta of 1.09.

In related news, CFO William R. Crooker sold 31,889 shares of the firm’s stock in a transaction dated Friday, January 5th. The stock was sold at an average price of $26.41, for a total value of $842,188.49. Following the sale, the chief financial officer now directly owns 46,493 shares of the company’s stock, valued at $1,227,880.13. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Benjamin S. Butcher sold 68,180 shares of the firm’s stock in a transaction dated Friday, January 5th. The shares were sold at an average price of $26.41, for a total value of $1,800,633.80. Following the completion of the sale, the chief executive officer now directly owns 140,268 shares in the company, valued at $3,704,477.88. The disclosure for this sale can be found here. Insiders sold 165,069 shares of company stock worth $4,359,472 over the last ninety days. 2.00% of the stock is currently owned by insiders.

A number of large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its stake in Stag Industrial by 4.0% in the fourth quarter. BlackRock Inc. now owns 8,387,711 shares of the real estate investment trust’s stock valued at $229,236,000 after buying an additional 326,056 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Stag Industrial by 4.5% in the third quarter. Bank of New York Mellon Corp now owns 5,171,435 shares of the real estate investment trust’s stock valued at $142,059,000 after buying an additional 220,542 shares in the last quarter. Brookfield Asset Management Inc. boosted its stake in Stag Industrial by 7.3% in the second quarter. Brookfield Asset Management Inc. now owns 2,674,778 shares of the real estate investment trust’s stock valued at $73,824,000 after buying an additional 181,999 shares in the last quarter. Wedge Capital Management L L P NC boosted its stake in Stag Industrial by 2.8% in the fourth quarter. Wedge Capital Management L L P NC now owns 2,229,461 shares of the real estate investment trust’s stock valued at $60,931,000 after buying an additional 59,861 shares in the last quarter. Finally, State Street Corp boosted its stake in Stag Industrial by 11.9% in the second quarter. State Street Corp now owns 1,895,836 shares of the real estate investment trust’s stock valued at $52,324,000 after buying an additional 200,955 shares in the last quarter. 82.39% of the stock is currently owned by institutional investors and hedge funds.

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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.

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