Stock analysts expect STAG Industrial, Inc. (NYSE: STAG – Get a rating) will announce sales of $156.60 million for the current fiscal quarter, Zacks reports. Three analysts released earnings estimates for STAG Industrial. The lowest sales estimate is $155.97 million and the highest is $157.43 million. STAG Industrial reported sales of $134.00 million in the same quarter last year, indicating a positive year-over-year growth rate of 16.9%. The company is due to release its next earnings report on Monday, January 1.
According to Zacks, analysts expect STAG Industrial to report annual revenue of $657.29 million for the current fiscal year, with estimates ranging from $656.07 million to $658.60 million. of dollars. For the next fiscal year, analysts expect the company to post sales of $741.84 million, with estimates ranging from $733.80 to $746.80 million. Zacks sales averages are an average average based on a survey of research companies that provide coverage for STAG Industrial.
STAG Industrial (NYSE: STAG – Get a rating) last released its quarterly earnings data on Wednesday, February 16. The real estate investment trust reported earnings per share of $0.50 for the quarter, beating the Zacks consensus estimate of $0.15 by $0.35. The company posted revenue of $147.60 million in the quarter, versus a consensus estimate of $147.33 million. STAG Industrial achieved a return on equity of 6.53% and a net margin of 34.34%. STAG Industrial’s quarterly revenue increased 13.6% year over year. In the same period a year earlier, the company posted earnings of $0.49 per share.
A number of brokerages have weighed in on STAG. StockNews.com began covering STAG Industrial in a report on Thursday. They set a “hold” rating for the company. Wells Fargo & Company cut its price target on STAG Industrial from $50.00 to $46.00 and set an “overweight” rating for the company in a Tuesday, March 15 report. Raymond James cut his price target on STAG Industrial from $50.00 to $47.00 and set an “outperform” rating for the company in a Tuesday, February 22 report. Ultimately, Zacks Investment Research downgraded STAG Industrial from a “buy” rating to a “hold” rating in a Thursday, Jan. 13, report. Two investment analysts gave the stock a hold rating and four gave the company a buy rating. According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of $47.60.
NYSE STAG opened at $42.22 on Friday. The company has a market capitalization of $7.52 billion, a price-earnings ratio of 37.36, a PEG ratio of 3.65 and a beta of 0.98. STAG Industrial has a 12-month low of $34.22 and a 12-month high of $48.27. The stock has a fifty-day simple moving average of $40.42 and a 200-day simple moving average of $42.31. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt ratio of 0.65.
The company also recently announced a monthly dividend, which will be paid on Monday, April 18. Shareholders of record on Thursday, March 31 will receive a dividend of $0.1217 per share. This represents a dividend of $1.46 on an annualized basis and a dividend yield of 3.46%. The ex-dividend date is Wednesday, March 30. STAG Industrial’s payout ratio is 129.20%.
In related news, CEO Benjamin S. Boucher sold 20,000 shares of the company in a transaction on Tuesday, February 22. The stock was sold at an average price of $38.70, for a total transaction of $774,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, accessible via the SEC website. Additionally, CEO Benjamin S. Butcher sold 15,000 shares of the company in a trade on Friday, March 4. The stock was sold at an average price of $40.03, for a total value of $600,450.00. Disclosure of this sale can be found here. Insiders sold 45,000 shares of the company worth $1,771,050 in the past ninety days. 1.20% of the shares are held by insiders.
A number of institutional investors have recently changed their positions in STAG. Deutsche Bank AG increased its holdings in STAG Industrial by 1,397.1% during the third quarter. Deutsche Bank AG now owns 3,134,168 shares of the real estate investment trust worth $123,015,000 after buying an additional 2,924,824 shares last quarter. BlackRock Inc. increased its stake in STAG Industrial by 10.4% during the fourth quarter. BlackRock Inc. now owns 19,066,196 shares of the real estate investment trust worth $914,414,000 after purchasing an additional 1,801,422 shares in the last quarter. Norges Bank bought a new position in STAG Industrial in Q4 worth $76,280,000. Long Pond Capital LP increased its stake in STAG Industrial by 67.2% in Q3. Long Pond Capital LP now owns 2,241,984 shares of the real estate investment trust valued at $87,998,000 after purchasing an additional 901,010 shares during the period. Finally, State Street Corp increased its stake in STAG Industrial by 13.6% in the 4th quarter. State Street Corp now owns 7,305,816 shares of the real estate investment trust valued at $351,258,000 after purchasing an additional 877,303 shares during the period. Institutional investors and hedge funds hold 83.95% of the company’s shares.
STAG Industrial Company Profile (Get a rating)
STAG Industrial, Inc is a real estate investment trust focused on acquiring, owning and operating single-tenant industrial properties across the United States. The company was founded by Benjamin S. Butcher on July 21, 2010 and is based in Boston, MA.
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