Stag Industrial (NYSE:STAG) Issues Quarterly Earnings Results

Stag Industrial (NYSE:STAG) posted its quarterly earnings results on Wednesday. The real estate investment trust reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.03, Zacks reports. Stag Industrial had a return on equity of 7.76% and a net margin of 32.35%.The business had revenue of $220.90 million for the quarter, compared to the consensus estimate of $213.66 million. During the same quarter in the previous year, the business earned $0.61 EPS. The company’s quarterly revenue was up 10.8% compared to the same quarter last year.

Stag Industrial Price Performance

Shares of Stag Industrial stock traded up $1.01 on Friday, reaching $38.29. The company’s stock had a trading volume of 737,997 shares, compared to its average volume of 1,621,514. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.89. The company has a market capitalization of $7.15 billion, a P/E ratio of 26.17 and a beta of 1.06. The stock has a 50-day moving average price of $37.68 and a 200-day moving average price of $37.13. Stag Industrial has a 52-week low of $28.61 and a 52-week high of $39.88.

Stag Industrial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be given a $0.3875 dividend. The ex-dividend date is Tuesday, March 31st. This represents a $1.55 dividend on an annualized basis and a dividend yield of 4.0%. Stag Industrial’s payout ratio is 114.62%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on STAG shares. Evercore increased their price target on shares of Stag Industrial from $41.00 to $42.00 and gave the stock an “outperform” rating in a report on Friday, October 31st. Wells Fargo & Company increased their price objective on shares of Stag Industrial from $37.00 to $38.00 and gave the stock an “equal weight” rating in a research note on Monday, November 10th. Weiss Ratings restated a “buy (b)” rating on shares of Stag Industrial in a research report on Monday, December 22nd. Citigroup increased their price target on Stag Industrial from $35.00 to $40.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 11th. Finally, Royal Bank Of Canada lifted their price objective on Stag Industrial from $38.00 to $42.00 and gave the company a “sector perform” rating in a research note on Thursday, November 6th. Four equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Stag Industrial presently has a consensus rating of “Hold” and an average price target of $39.33.

Institutional Investors Weigh In On Stag Industrial

Institutional investors have recently added to or reduced their stakes in the stock. NewEdge Advisors LLC raised its position in Stag Industrial by 17.6% during the first quarter. NewEdge Advisors LLC now owns 9,952 shares of the real estate investment trust’s stock worth $359,000 after acquiring an additional 1,491 shares during the period. Goldman Sachs Group Inc. increased its stake in shares of Stag Industrial by 37.0% during the first quarter. Goldman Sachs Group Inc. now owns 1,671,949 shares of the real estate investment trust’s stock worth $60,391,000 after purchasing an additional 451,355 shares in the last quarter. Empowered Funds LLC acquired a new position in shares of Stag Industrial during the 1st quarter worth about $229,000. EverSource Wealth Advisors LLC lifted its stake in Stag Industrial by 270.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,436 shares of the real estate investment trust’s stock valued at $52,000 after buying an additional 1,048 shares in the last quarter. Finally, First Trust Advisors LP boosted its holdings in Stag Industrial by 173.4% in the 2nd quarter. First Trust Advisors LP now owns 177,756 shares of the real estate investment trust’s stock worth $6,449,000 after buying an additional 112,747 shares during the last quarter. Institutional investors and hedge funds own 88.67% of the company’s stock.

About Stag Industrial

Stag Industrial, Inc is a real estate investment trust (REIT) that specializes in the acquisition, ownership and operation of single-tenant industrial properties throughout the United States. The company’s portfolio is focused on free-standing warehouses, distribution centers and light manufacturing facilities designed to meet the logistical needs of a diverse tenant base. By concentrating on properties with straightforward layouts and minimal common-area maintenance, Stag Industrial seeks to deliver stable rental income and attractive risk-adjusted returns for its shareholders.

Since its founding in 2010 and initial public offering in 2011, Stag Industrial has pursued a disciplined investment strategy centered on high-quality, well-located assets.