Stag Industrial Inc (NYSE:STAG) Expected to Post Earnings of $0.46 Per Share
Equities research analysts expect Stag Industrial Inc (NYSE:STAG) to report earnings of $0.46 per share for the current quarter, according to Zacks. Three analysts have made estimates for Stag Industrial’s earnings, with the lowest EPS estimate coming in at $0.45 and the highest estimate coming in at $0.47. Stag Industrial also posted earnings per share of $0.46 during the same quarter last year. The business is expected to issue its next quarterly earnings results on Wednesday, November 4th.
On average, analysts expect that Stag Industrial will report full-year earnings of $1.86 per share for the current year, with EPS estimates ranging from $1.84 to $1.88. For the next financial year, analysts expect that the company will report earnings of $1.91 per share, with EPS estimates ranging from $1.88 to $1.97. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that that provide coverage for Stag Industrial.
Stag Industrial (NYSE:STAG) last released its quarterly earnings data on Tuesday, July 28th. The real estate investment trust reported $0.12 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.46 by ($0.34). Stag Industrial had a net margin of 24.61% and a return on equity of 4.97%. The business had revenue of $117.60 million for the quarter, compared to the consensus estimate of $116.83 million. During the same quarter in the prior year, the business posted $0.45 earnings per share. Stag Industrial’s revenue for the quarter was up 21.7% on a year-over-year basis.
In other Stag Industrial news, CEO Benjamin S. Butcher sold 82,056 shares of the firm’s stock in a transaction on Friday, July 31st. The stock was sold at an average price of $32.25, for a total value of $2,646,306.00. Following the completion of the sale, the chief executive officer now directly owns 144,144 shares of the company’s stock, valued at approximately $4,648,644. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.20% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. FinTrust Capital Advisors LLC grew its stake in Stag Industrial by 359.8% during the 2nd quarter. FinTrust Capital Advisors LLC now owns 1,053 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 824 shares in the last quarter. Principal Financial Group Inc. grew its stake in Stag Industrial by 28.2% during the 2nd quarter. Principal Financial Group Inc. now owns 69,644 shares of the real estate investment trust’s stock worth $2,041,000 after buying an additional 15,337 shares during the last quarter. PNC Financial Services Group Inc. grew its position in shares of Stag Industrial by 52.7% during the second quarter. PNC Financial Services Group Inc. now owns 13,746 shares of the real estate investment trust’s stock worth $404,000 after acquiring an additional 4,746 shares during the last quarter. Handelsbanken Fonder AB purchased a new stake in shares of Stag Industrial in the second quarter valued at about $633,000. Finally, Charles Schwab Investment Management Inc. increased its position in Stag Industrial by 58.3% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 1,765,935 shares of the real estate investment trust’s stock valued at $51,778,000 after acquiring an additional 650,209 shares during the period. 93.39% of the stock is owned by institutional investors.
Shares of STAG stock opened at $32.04 on Wednesday. The stock’s 50-day moving average is $32.54 and its 200 day moving average is $28.04. Stag Industrial has a 1-year low of $17.54 and a 1-year high of $34.09. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.84 and a quick ratio of 2.84. The company has a market cap of $4.79 billion, a P/E ratio of 43.89, a PEG ratio of 5.19 and a beta of 1.08.
The business also recently disclosed a monthly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 30th will be given a dividend of $0.12 per share. The ex-dividend date is Tuesday, September 29th. This represents a $1.44 dividend on an annualized basis and a yield of 4.49%. Stag Industrial’s payout ratio is 78.26%.
About Stag Industrial
STAG Industrial, Inc is an industrial real estate operating company focused on the acquisition, ownership, and operation of single-tenant, industrial properties throughout the United States. The Company was formed as a Maryland corporation and has elected to be treated and intends to continue to qualify as a real estate investment trust (REIT) under Sections 856 through 860 of the Internal Revenue Code of 1986, as amended.
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