Stag Industrial (NYSE:STAG) Posts Earnings Results, Beats Expectations By $0.10 EPS

Stag Industrial (NYSE:STAG) announced its quarterly earnings results on Tuesday. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.10, FiscalAI reports. Stag Industrial had a net margin of 28.04% and a return on equity of 6.79%. The firm had revenue of $231.05 million for the quarter, compared to the consensus estimate of $227.16 million.

Stag Industrial Stock Performance

NYSE:STAG traded down $0.17 on Tuesday, hitting $36.13. The stock had a trading volume of 1,679,391 shares, compared to its average volume of 1,469,141. The stock has a market cap of $6.97 billion, a price-to-earnings ratio of 27.79 and a beta of 0.95. The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 0.93. The business’s 50-day simple moving average is $36.72 and its two-hundred day simple moving average is $37.90. Stag Industrial has a 52-week low of $35.14 and a 52-week high of $42.61.

Analyst Upgrades and Downgrades

STAG has been the subject of several research reports. Wells Fargo & Company decreased their price objective on shares of Stag Industrial from $40.00 to $38.00 and set an “equal weight” rating for the company in a report on Tuesday, September 1st. Barclays raised their target price on shares of Stag Industrial from $38.00 to $41.00 and gave the stock an “underweight” rating in a report on Thursday, July 16th. Wall Street Zen raised shares of Stag Industrial from a “sell” rating to a “hold” rating in a research report on Saturday, September 5th. Weiss Ratings downgraded shares of Stag Industrial from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, September 25th. Finally, Robert W. Baird upgraded shares of Stag Industrial from a “neutral” rating to an “outperform” rating and set a $42.00 target price for the company in a research note on Monday, August 31st. Three 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 company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $41.11.

About Stag Industrial

STAG Industrial, Inc is a real estate investment trust (REIT) that owns, operates and acquires industrial properties throughout the United States. The company focuses primarily on single-tenant properties, which it leases to businesses for uses such as warehousing, distribution, manufacturing and logistics.

Its portfolio includes a range of industrial facilities serving tenants across diverse industries and geographic markets. STAG Industrial’s business activities include property acquisition, leasing, management and development, with an emphasis on facilities that support supply-chain and operating requirements.

Founded in 2010 and headquartered in Boston, Massachusetts, STAG Industrial became a publicly traded company in 2011.