Equities analysts predict that STAG Industrial, Inc. (NYSE:STAG) will report sales of $147.06 million for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for STAG Industrial’s earnings. The lowest sales estimate is $144.50 million and the highest is $148.52 million. STAG Industrial posted sales of $129.95 million in the same quarter last year, which suggests a positive year-over-year growth rate of 13.2%. The business is expected to announce its next earnings report after the market closes on Wednesday, February 16th.
On average, analysts expect that STAG Industrial will report full year sales of $561.62 million for the current fiscal year, with estimates ranging from $559.10 million to $563.06 million. For the next fiscal year, analysts expect that the business will post sales of $645.74 million, with estimates ranging from $642.42 million to $649.61 million. Zacks’ sales calculations are a mean average based on a survey of research firms that follow STAG Industrial.
STAG Industrial (NYSE:STAG) last posted its quarterly earnings results on Thursday, October 28th. The real estate investment trust reported $0.30 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.51 by ($0.21). STAG Industrial had a net margin of 37.23% and a return on equity of 7.28%. The business had revenue of $142.11 million during the quarter, compared to analysts’ expectations of $140.41 million. The firm’s quarterly revenue was up 19.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.46 earnings per share.
Hedge funds and other institutional investors have recently modified their holdings of the company. First Bank & Trust boosted its stake in STAG Industrial by 7.1% in the 2nd quarter. First Bank & Trust now owns 4,292 shares of the real estate investment trust’s stock worth $161,000 after buying an additional 283 shares during the last quarter. Nissay Asset Management Corp Japan ADV increased its stake in shares of STAG Industrial by 2.0% during the 3rd quarter. Nissay Asset Management Corp Japan ADV now owns 14,764 shares of the real estate investment trust’s stock valued at $579,000 after acquiring an additional 287 shares during the last quarter. Ninepoint Partners LP lifted its holdings in shares of STAG Industrial by 6.3% during the 3rd quarter. Ninepoint Partners LP now owns 5,443 shares of the real estate investment trust’s stock worth $214,000 after acquiring an additional 323 shares during the period. Stolper Co boosted its position in shares of STAG Industrial by 0.7% in the third quarter. Stolper Co now owns 48,538 shares of the real estate investment trust’s stock worth $1,905,000 after acquiring an additional 360 shares during the last quarter. Finally, Sigma Planning Corp grew its holdings in STAG Industrial by 6.9% in the second quarter. Sigma Planning Corp now owns 6,441 shares of the real estate investment trust’s stock valued at $241,000 after purchasing an additional 414 shares during the period. Institutional investors and hedge funds own 82.87% of the company’s stock.
STAG Industrial stock traded down $0.75 during midday trading on Tuesday, reaching $43.20. The company’s stock had a trading volume of 15,976 shares, compared to its average volume of 1,051,677. The firm has a market capitalization of $7.33 billion, a PE ratio of 34.24, a P/E/G ratio of 4.01 and a beta of 0.94. STAG Industrial has a fifty-two week low of $29.40 and a fifty-two week high of $48.27. The stock’s 50 day simple moving average is $44.41 and its 200 day simple moving average is $42.30. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.57 and a current ratio of 1.57.
The business also recently disclosed a monthly dividend, which will be paid on Monday, April 18th. Investors of record on Thursday, March 31st will be paid a dividend of $0.1217 per share. This represents a $1.46 dividend on an annualized basis and a dividend yield of 3.38%. The ex-dividend date of this dividend is Wednesday, March 30th. STAG Industrial’s payout ratio is currently 115.08%.
STAG Industrial Company Profile
STAG Industrial, Inc is a real estate investment trust, which focuses on acquisition, ownership and operation of single-tenant, industrial properties throughout the United States. The company was founded by Benjamin S. Butcher on July 21, 2010 and is headquartered in Boston, MA.
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