STAG Industrial (NYSE: STAG – Get a rating) released its quarterly earnings data on Tuesday. The real estate investment trust reported earnings per share of $0.30 for the quarter, missing the consensus estimate of $0.52 per ($0.22), MarketWatch Earnings reports. STAG Industrial achieved a return on equity of 7.26% and a net margin of 37.63%. The company posted revenue of $159.21 million for the quarter, compared to $156.38 million expected by analysts. In the same quarter a year earlier, the company posted earnings per share of $0.49. The company’s revenue for the quarter increased 18.8% year over year.
NYSE STAG opened at $35.71 on Friday. The stock has a market capitalization of $6.36 billion, a P/E ratio of 27.47, a PEG ratio of 3.32 and a beta of 0.99. The company’s 50-day simple moving average is $40.10 and its 200-day simple moving average is $42.11. STAG Industrial has a 12-month low of $34.43 and a 12-month high of $48.27. 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 Friday, July 15. Shareholders of record on Thursday, June 30 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 4.09%. The ex-dividend date is Wednesday, June 29. STAG Industrial’s dividend payout ratio is currently 112.31%.
In other STAG Industrial, CEO news Benjamin S. Boucher sold 15,000 shares of the company in a transaction dated Thursday, March 31. The shares were sold at an average price of $41.98, for a total transaction of $629,700.00. As a result of the sale, the CEO now directly owns 22,088 shares of the company, valued at $927,254.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available via this link. Additionally, CEO Benjamin S. Butcher sold 10,000 shares in a trade that took place on Monday, March 7. The shares were sold at an average price of $39.66, for a total transaction of $396,600.00. Disclosure of this sale can be found here. In the past three months, insiders have sold 60,000 shares of the company worth $2,400,750. 1.20% of the shares are currently held by insiders.
A number of hedge funds and other institutional investors have recently changed their positions in STAG. BlackRock Inc. increased its stake in STAG Industrial by 10.4% in 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 during the period. Vident Investment Advisory LLC increased its holdings in STAG Industrial by 3.0% in the fourth quarter. Vident Investment Advisory LLC now owns 42,886 shares of the real estate investment trust worth $2,056,000 after purchasing an additional 1,262 shares during the period. Walleye Trading LLC acquired a new stake in STAG Industrial in the fourth quarter worth $347,000. Allianz Asset Management GmbH increased its stake in STAG Industrial by 5.2% in the fourth quarter. Allianz Asset Management GmbH now owns 101,315 shares of the real estate investment trust worth $4,859,000 after purchasing an additional 5,011 shares during the period. Finally, The Manufacturers Life Insurance Company increased its position in STAG Industrial shares by 1.2% during the fourth quarter. The Manufacturers Life Insurance Company now owns 82,805 shares of the real estate investment trust worth $3,971,000 after acquiring an additional 1,003 shares last quarter. Institutional investors and hedge funds hold 84.18% of the company’s shares.
Several research firms have weighed in on STAG. StockNews.com began covering STAG Industrial shares in a research report on Thursday, March 31. They have placed a “holding” rating on the stock. Zacks Investment Research cut shares of STAG Industrial from a “hold” rating to a “sell” rating in a report on Thursday. Wells Fargo & Company cut its price target on STAG Industrial shares from $50.00 to $46.00 and set an “overweight” rating for the company in a Tuesday, March 15 research note. Finally, Raymond James cut his price target on STAG Industrial shares from $50.00 to $47.00 and set an “outperform” rating for the company in a Tuesday, Feb. 22 research note. One research analyst has assigned the stock a sell rating, one has assigned a hold rating and four have assigned the stock a buy rating. Based on data from MarketBeat, STAG Industrial has an average rating of “Buy” and a consensus target price of $47.60.
STAG Industrial Company Profile (Get a rating)
STAG Industrial, Inc (NYSE: STAG) is a real estate investment trust focused on acquiring and operating single-tenant industrial properties in the United States. By targeting this type of property, STAG has developed an investment strategy that helps investors strike a powerful balance between income and growth.
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