Stag Industrial, Inc. (STAG) Releases Earnings Results, Beats Expectations By $0.47 EPS
Stag Industrial, Inc. (NYSE:STAG) announced its quarterly earnings data on Thursday. The company reported $0.42 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.05) by $0.47. The firm had revenue of $66.50 million for the quarter, compared to analyst estimates of $55.68 million. Stag Industrial had a negative return on equity of 2.54% and a negative net margin of 7.25%. The business’s quarterly revenue was up 13.1% compared to the same quarter last year. During the same period last year, the company earned $0.40 EPS.
Stag Industrial (NYSE:STAG) traded up 0.75% on Thursday, hitting $24.07. The stock had a trading volume of 454,349 shares. Stag Industrial has a 12-month low of $15.79 and a 12-month high of $25.51. The company’s market capitalization is $1.82 billion. The company has a 50 day moving average of $23.83 and a 200 day moving average of $23.67.
The business also recently declared a monthly dividend, which will be paid on Monday, April 17th. Stockholders of record on Friday, March 31st will be given a $0.1167 dividend. The ex-dividend date of this dividend is Wednesday, March 29th. This represents a $1.40 annualized dividend and a dividend yield of 5.82%. Stag Industrial’s dividend payout ratio is currently -304.35%.
A number of research analysts have commented on STAG shares. Zacks Investment Research lowered Stag Industrial from a “buy” rating to a “hold” rating in a research report on Friday, December 9th. Jefferies Group LLC upgraded Stag Industrial from a “hold” rating to a “buy” rating and set a $25.00 price objective on the stock in a research report on Thursday, December 1st. One analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $24.65.
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Stag Industrial Company Profile
STAG Industrial, Inc is a real estate investment trust. The Company focuses on the acquisition and operation of single-tenant industrial properties across the United States. The Company owns approximately 290 buildings in over 40 states with approximately 54.7 million rentable square feet, consisting of over 220 warehouse/distribution buildings, approximately 50 light manufacturing buildings and over 20 flex/office buildings.
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