Stag Industrial Inc (STAG) Expected to Announce Earnings of $0.45 Per Share
Wall Street brokerages expect Stag Industrial Inc (NYSE:STAG) to report earnings per share (EPS) of $0.45 for the current quarter, according to Zacks. Four analysts have made estimates for Stag Industrial’s earnings, with estimates ranging from $0.43 to $0.47. Stag Industrial reported earnings of $0.43 per share during the same quarter last year, which would suggest a positive year over year growth rate of 4.7%. The firm is scheduled to announce its next earnings results on Thursday, November 1st.
On average, analysts expect that Stag Industrial will report full year earnings of $1.79 per share for the current fiscal year, with EPS estimates ranging from $1.75 to $1.86. For the next financial year, analysts expect that the firm will report earnings of $1.90 per share, with EPS estimates ranging from $1.82 to $2.02. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that follow Stag Industrial.
Stag Industrial (NYSE:STAG) last issued its earnings results on Tuesday, July 31st. The real estate investment trust reported $0.45 EPS for the quarter, topping the consensus estimate of $0.44 by $0.01. The firm had revenue of $85.47 million during the quarter, compared to analysts’ expectations of $84.32 million. Stag Industrial had a return on equity of 5.08% and a net margin of 19.24%.
Several hedge funds and other institutional investors have recently modified their holdings of the business. BlackRock Inc. lifted its holdings in shares of Stag Industrial by 7.9% during the second quarter. BlackRock Inc. now owns 9,267,732 shares of the real estate investment trust’s stock valued at $252,361,000 after acquiring an additional 675,981 shares during the period. Nuveen Asset Management LLC lifted its holdings in shares of Stag Industrial by 0.6% during the first quarter. Nuveen Asset Management LLC now owns 4,304,612 shares of the real estate investment trust’s stock valued at $102,966,000 after acquiring an additional 27,078 shares during the period. Westwood Holdings Group Inc. lifted its holdings in shares of Stag Industrial by 28.8% during the first quarter. Westwood Holdings Group Inc. now owns 3,276,839 shares of the real estate investment trust’s stock valued at $78,382,000 after acquiring an additional 733,050 shares during the period. Northern Trust Corp lifted its holdings in shares of Stag Industrial by 2.8% during the second quarter. Northern Trust Corp now owns 1,698,699 shares of the real estate investment trust’s stock valued at $46,256,000 after acquiring an additional 46,015 shares during the period. Finally, Frontier Capital Management Co. LLC acquired a new stake in shares of Stag Industrial in the second quarter valued at $45,939,000. 84.40% of the stock is owned by institutional investors.
Shares of STAG stock opened at $27.94 on Thursday. The firm has a market capitalization of $2.92 billion, a P/E ratio of 15.97, a PEG ratio of 2.97 and a beta of 1.07. Stag Industrial has a one year low of $22.42 and a one year high of $29.07. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.04 and a quick ratio of 1.04.
The business also recently disclosed a monthly dividend, which was paid on Monday, September 17th. Shareholders of record on Friday, August 31st were issued a dividend of $0.1183 per share. The ex-dividend date of this dividend was Thursday, August 30th. This represents a $1.42 dividend on an annualized basis and a dividend yield of 5.08%. Stag Industrial’s payout ratio is presently 84.02%.
About Stag Industrial
STAG Industrial, Inc (the ?Company?) is an industrial real estate operating company focused on the acquisition 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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