Stag Industrial Inc (STAG) Expected to Announce Earnings of $0.45 Per Share
Analysts predict that Stag Industrial Inc (NYSE:STAG) will report earnings of $0.45 per share for the current quarter, according to Zacks. Four analysts have made estimates for Stag Industrial’s earnings, with the lowest EPS estimate coming in at $0.44 and the highest estimate coming in at $0.47. Stag Industrial reported earnings per share of $0.43 in the same quarter last year, which would suggest a positive year over year growth rate of 4.7%. The company is scheduled to issue its next earnings report on Thursday, November 1st.
According to Zacks, analysts expect that Stag Industrial will report full year earnings of $1.79 per share for the current year, with EPS estimates ranging from $1.77 to $1.86. For the next fiscal year, analysts expect that the business will report earnings of $1.91 per share, with EPS estimates ranging from $1.82 to $2.02. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that follow Stag Industrial.
Stag Industrial (NYSE:STAG) last posted 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. Stag Industrial had a net margin of 19.24% and a return on equity of 5.08%. The firm had revenue of $85.47 million during the quarter, compared to analysts’ expectations of $84.32 million.
NYSE STAG opened at $28.86 on Friday. Stag Industrial has a 52 week low of $22.42 and a 52 week high of $28.95. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.83. The stock has a market capitalization of $2.90 billion, a price-to-earnings ratio of 17.08, a PEG ratio of 2.94 and a beta of 1.06.
The business also recently disclosed a monthly dividend, which will be paid on Monday, September 17th. Stockholders of record on Friday, August 31st will be issued a $0.1183 dividend. This represents a $1.42 annualized dividend and a dividend yield of 4.92%. The ex-dividend date is Thursday, August 30th. Stag Industrial’s dividend payout ratio (DPR) is presently 84.02%.
Several institutional investors have recently bought and sold shares of the company. Schnieders Capital Management LLC boosted its holdings in shares of Stag Industrial by 11.1% in the second quarter. Schnieders Capital Management LLC now owns 20,465 shares of the real estate investment trust’s stock valued at $557,000 after acquiring an additional 2,050 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its holdings in shares of Stag Industrial by 3.7% in the second quarter. Nomura Asset Management Co. Ltd. now owns 58,380 shares of the real estate investment trust’s stock valued at $1,590,000 after acquiring an additional 2,110 shares in the last quarter. RFG Advisory Group LLC boosted its holdings in shares of Stag Industrial by 19.8% in the second quarter. RFG Advisory Group LLC now owns 13,266 shares of the real estate investment trust’s stock valued at $361,000 after acquiring an additional 2,189 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its holdings in shares of Stag Industrial by 17.0% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 15,260 shares of the real estate investment trust’s stock valued at $365,000 after acquiring an additional 2,215 shares in the last quarter. Finally, Daiwa Securities Group Inc. boosted its holdings in shares of Stag Industrial by 23.2% in the first quarter. Daiwa Securities Group Inc. now owns 12,200 shares of the real estate investment trust’s stock valued at $292,000 after acquiring an additional 2,300 shares in the last quarter. Institutional investors and hedge funds own 79.69% of the company’s stock.
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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