Equities Analysts Set Expectations for STAG Industrial Inc’s Q2 2018 Earnings (STAG)

STAG Industrial Inc (NYSE:STAG) – Jefferies Group issued their Q2 2018 earnings per share estimates for STAG Industrial in a note issued to investors on Wednesday, May 16th. Jefferies Group analyst J. Petersen anticipates that the real estate investment trust will post earnings per share of $0.44 for the quarter. Jefferies Group also issued estimates for STAG Industrial’s Q3 2018 earnings at $0.46 EPS, Q4 2018 earnings at $0.48 EPS, FY2018 earnings at $1.81 EPS and FY2019 earnings at $1.94 EPS.

STAG Industrial (NYSE:STAG) last announced its earnings results on Tuesday, May 1st. The real estate investment trust reported $0.22 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.43 by ($0.21). STAG Industrial had a net margin of 17.55% and a return on equity of 4.71%. The company had revenue of $83.28 million during the quarter, compared to analyst estimates of $82.27 million. During the same quarter last year, the business earned $0.41 EPS. The firm’s revenue for the quarter was up 19.9% compared to the same quarter last year.

STAG has been the topic of several other reports. ValuEngine raised shares of STAG Industrial from a “hold” rating to a “buy” rating in a research note on Wednesday, March 7th. Royal Bank of Canada set a $28.00 price target on shares of STAG Industrial and gave the stock a “buy” rating in a research note on Monday, February 26th. Ladenburg Thalmann reissued a “buy” rating and issued a $32.00 price target on shares of STAG Industrial in a research note on Friday, February 16th. Zacks Investment Research raised shares of STAG Industrial from a “sell” rating to a “hold” rating in a research note on Wednesday, May 9th. Finally, Cantor Fitzgerald set a $29.00 price target on shares of STAG Industrial and gave the stock a “hold” rating in a research note on Thursday, February 15th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the stock. STAG Industrial currently has an average rating of “Buy” and an average price target of $29.19.

Shares of STAG Industrial opened at $25.33 on Friday, according to Marketbeat.com. STAG Industrial has a 52-week low of $25.40 and a 52-week high of $25.76. The stock has a market capitalization of $2.49 billion, a PE ratio of 14.97, a P/E/G ratio of 3.10 and a beta of 1.08. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.63.

The firm also recently declared a monthly dividend, which will be paid on Monday, July 16th. Stockholders of record on Friday, June 29th will be paid a $0.1183 dividend. This represents a $1.42 annualized dividend and a dividend yield of 5.61%. The ex-dividend date of this dividend is Thursday, June 28th. STAG Industrial’s dividend payout ratio is currently 84.02%.

A number of hedge funds have recently modified their holdings of STAG. Centersquare Investment Management LLC purchased a new position in STAG Industrial during the first quarter worth about $68,783,000. Alliancebernstein L.P. raised its stake in STAG Industrial by 28.5% during the fourth quarter. Alliancebernstein L.P. now owns 4,635,191 shares of the real estate investment trust’s stock worth $126,680,000 after purchasing an additional 1,027,966 shares during the period. Westwood Holdings Group Inc. raised its stake in STAG Industrial by 28.8% during the first quarter. Westwood Holdings Group Inc. now owns 3,276,839 shares of the real estate investment trust’s stock worth $78,382,000 after purchasing an additional 733,050 shares during the period. Westfield Capital Management Co. LP raised its stake in STAG Industrial by 1,004.8% during the first quarter. Westfield Capital Management Co. LP now owns 713,168 shares of the real estate investment trust’s stock worth $17,059,000 after purchasing an additional 648,618 shares during the period. Finally, Monarch Partners Asset Management LLC purchased a new position in STAG Industrial during the first quarter worth about $14,005,000. 87.80% of the stock is currently owned by institutional investors.

STAG Industrial Company Profile

STAG Industrial, Inc is an industrial real estate operating company focused on the acquisition and operation of single-tenant, industrial properties throughout the United States. As of December 31, 2017, the Company owned 356 buildings in 37 states with approximately 70.2 million rentable square feet (square feet unaudited herein and throughout the Notes), consisting of 288 warehouse/distribution buildings, 52 light manufacturing buildings, 14 flex/office buildings, and two buildings classified as held for sale.

Earnings History and Estimates for STAG Industrial (NYSE:STAG)

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