Analysts expect Stag Industrial Inc (NYSE:STAG) to announce $83.64 million in sales for the current quarter, Zacks reports. Three analysts have made estimates for Stag Industrial’s earnings. The lowest sales estimate is $82.50 million and the highest is $85.18 million. Stag Industrial reported sales of $69.48 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 20.4%. The company is expected to issue its next earnings report on Tuesday, May 1st.
On average, analysts expect that Stag Industrial will report full year sales of $83.64 million for the current financial year, with estimates ranging from $316.94 million to $369.60 million. For the next financial year, analysts expect that the business will post sales of $388.62 million per share, with estimates ranging from $319.62 million to $431.89 million. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover Stag Industrial.
Stag Industrial (NYSE:STAG) last announced its quarterly earnings results on Thursday, February 15th. The real estate investment trust reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.42. The firm had revenue of $81.30 million for the quarter, compared to analysts’ expectations of $79.83 million. Stag Industrial had a net margin of 10.38% and a return on equity of 3.03%. The company’s revenue was up 22.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.42 EPS.
In other Stag Industrial news, CFO William R. Crooker sold 31,889 shares of the business’s stock in a transaction dated Friday, January 5th. The shares were sold at an average price of $26.41, for a total transaction of $842,188.49. Following the sale, the chief financial officer now directly owns 46,493 shares in the company, valued at $1,227,880.13. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Benjamin S. Butcher sold 68,180 shares of the business’s stock in a transaction dated Friday, January 5th. The stock was sold at an average price of $26.41, for a total transaction of $1,800,633.80. Following the sale, the chief executive officer now owns 140,268 shares in the company, valued at $3,704,477.88. The disclosure for this sale can be found here. Insiders have sold 165,069 shares of company stock worth $4,359,472 over the last quarter. Insiders own 2.00% of the company’s stock.
A number of large investors have recently modified their holdings of STAG. Parametric Portfolio Associates LLC increased its stake in Stag Industrial by 25.7% during the second quarter. Parametric Portfolio Associates LLC now owns 160,866 shares of the real estate investment trust’s stock worth $4,440,000 after purchasing an additional 32,902 shares during the period. Virtu KCG Holdings LLC purchased a new stake in shares of Stag Industrial during the second quarter worth approximately $329,000. Dimensional Fund Advisors LP increased its stake in shares of Stag Industrial by 11.1% during the second quarter. Dimensional Fund Advisors LP now owns 1,159,878 shares of the real estate investment trust’s stock worth $32,012,000 after buying an additional 116,002 shares during the period. Balyasny Asset Management LLC purchased a new stake in shares of Stag Industrial during the second quarter worth approximately $328,000. Finally, Goldman Sachs Group Inc. increased its stake in shares of Stag Industrial by 48.7% during the second quarter. Goldman Sachs Group Inc. now owns 716,778 shares of the real estate investment trust’s stock worth $19,783,000 after buying an additional 234,876 shares during the period. Institutional investors own 81.92% of the company’s stock.
Shares of Stag Industrial (NYSE STAG) traded up $0.56 during mid-day trading on Friday, hitting $24.03. 1,708,132 shares of the stock traded hands, compared to its average volume of 695,752. Stag Industrial has a 1 year low of $22.42 and a 1 year high of $28.95. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.09 and a current ratio of 0.09. The firm has a market cap of $2,336.56, a PE ratio of 109.23, a price-to-earnings-growth ratio of 2.55 and a beta of 1.09.
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About Stag Industrial
STAG Industrial, Inc is a real estate investment trust. The Company is focused on the acquisition, ownership, and operation of single-tenant, industrial properties across the United States. As of December 31, 2016, the Company owned 314 buildings in 37 states with approximately 60.9 million rentable square feet, consisting of 243 warehouse/distribution buildings, 54 light manufacturing buildings, 16 flex/office buildings, and one building in redevelopment.
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