Equities research analysts predict that Stag Industrial Inc (NYSE:STAG) will post $0.46 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Six analysts have issued estimates for Stag Industrial’s earnings. The lowest EPS estimate is $0.45 and the highest is $0.46. Stag Industrial posted earnings per share of $0.45 in the same quarter last year, which would indicate a positive year-over-year growth rate of 2.2%. The business is expected to issue its next quarterly earnings report on Tuesday, July 30th.
On average, analysts expect that Stag Industrial will report full year earnings of $1.83 per share for the current fiscal year, with EPS estimates ranging from $1.82 to $1.87. For the next financial year, analysts anticipate that the company will report earnings of $1.93 per share, with EPS estimates ranging from $1.88 to $2.00. Zacks’ EPS averages are a mean average based on a survey of research analysts that cover Stag Industrial.
Stag Industrial (NYSE:STAG) last released its quarterly earnings data on Tuesday, April 30th. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.39). The business had revenue of $95.70 million for the quarter, compared to analysts’ expectations of $95.19 million. Stag Industrial had a return on equity of 4.63% and a net margin of 19.44%. Stag Industrial’s quarterly revenue was up 14.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.43 earnings per share.
Shares of STAG stock traded up $0.07 on Friday, hitting $29.02. The stock had a trading volume of 10,752 shares, compared to its average volume of 921,824. The company has a market capitalization of $3.67 billion, a PE ratio of 16.22, a price-to-earnings-growth ratio of 3.23 and a beta of 1.04. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.79. Stag Industrial has a 52-week low of $23.24 and a 52-week high of $29.89.
The company also recently announced a monthly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be paid a $0.1192 dividend. The ex-dividend date is Thursday, June 27th. This represents a $1.43 annualized dividend and a dividend yield of 4.93%. Stag Industrial’s dividend payout ratio (DPR) is presently 79.89%.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. JPMorgan Chase & Co. boosted its stake in Stag Industrial by 12.1% during the 1st quarter. JPMorgan Chase & Co. now owns 297,854 shares of the real estate investment trust’s stock valued at $8,831,000 after acquiring an additional 32,231 shares during the last quarter. Motley Fool Asset Management LLC boosted its stake in Stag Industrial by 4.5% during the 1st quarter. Motley Fool Asset Management LLC now owns 264,212 shares of the real estate investment trust’s stock valued at $7,834,000 after acquiring an additional 11,440 shares during the last quarter. Frontier Capital Management Co. LLC raised its holdings in shares of Stag Industrial by 1.8% during the first quarter. Frontier Capital Management Co. LLC now owns 2,455,856 shares of the real estate investment trust’s stock worth $72,816,000 after purchasing an additional 43,994 shares during the period. Raymond James & Associates raised its holdings in shares of Stag Industrial by 2.3% during the first quarter. Raymond James & Associates now owns 1,013,659 shares of the real estate investment trust’s stock worth $30,055,000 after purchasing an additional 22,643 shares during the period. Finally, Raymond James Financial Services Advisors Inc. raised its holdings in shares of Stag Industrial by 4.1% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 81,878 shares of the real estate investment trust’s stock worth $2,428,000 after purchasing an additional 3,260 shares during the period. Hedge funds and other institutional investors own 82.26% of the company’s stock.
About Stag Industrial
STAG Industrial, Inc is an industrial real estate operating company focused on the acquisition, ownership, 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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