Stag Industrial (NYSE:STAG) Posts Quarterly Earnings Results, Meets Estimates

Stag Industrial (NYSE:STAG) issued its earnings results on Tuesday. The real estate investment trust reported $0.66 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.66, Zacks reports. Stag Industrial had a net margin of 28.04% and a return on equity of 6.79%. The firm had revenue of $231.05 million for the quarter, compared to analysts’ expectations of $227.16 million. During the same quarter last year, the business earned $0.65 earnings per share. The business’s revenue was up 9.4% on a year-over-year basis.

Stag Industrial Stock Down 0.5%

Stag Industrial stock traded down $0.17 during trading hours on Tuesday, hitting $36.13. 1,679,499 shares of the stock traded hands, compared to its average volume of 1,469,141. The firm’s 50-day moving average price is $36.72 and its two-hundred day moving average price is $37.90. The company has a current ratio of 1.76, a quick ratio of 1.76 and a debt-to-equity ratio of 0.93. The company has a market cap of $6.97 billion, a PE ratio of 27.79 and a beta of 0.95. Stag Industrial has a one year low of $35.14 and a one year high of $42.61.

Analyst Upgrades and Downgrades

STAG has been the subject of several analyst reports. Robert W. Baird raised shares of Stag Industrial from a “neutral” rating to an “outperform” rating and set a $42.00 price target for the company in a research report on Monday, August 31st. Barclays boosted their price objective on shares of Stag Industrial from $38.00 to $41.00 and gave the company an “underweight” rating in a research report on Thursday, July 16th. Wall Street Zen upgraded shares of Stag Industrial from a “sell” rating to a “hold” rating in a research report on Saturday, September 5th. Weiss Ratings downgraded shares of Stag Industrial from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, September 25th. Finally, Evercore reiterated an “outperform” rating on shares of Stag Industrial in a report on Monday, September 14th. Three analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $41.11.

About Stag Industrial

STAG Industrial, Inc is a real estate investment trust (REIT) that owns, operates and acquires industrial properties throughout the United States. The company focuses primarily on single-tenant properties, which it leases to businesses for uses such as warehousing, distribution, manufacturing and logistics.

Its portfolio includes a range of industrial facilities serving tenants across diverse industries and geographic markets. STAG Industrial’s business activities include property acquisition, leasing, management and development, with an emphasis on facilities that support supply-chain and operating requirements.

Founded in 2010 and headquartered in Boston, Massachusetts, STAG Industrial became a publicly traded company in 2011.