STAG Indl Inc/SH SH (STAG) Expected to Post Earnings of $0.44 Per Share

Wall Street analysts expect that STAG Indl Inc/SH SH (NYSE:STAG) will announce earnings per share (EPS) of $0.44 for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for STAG Indl Inc/SH SH’s earnings, with the lowest EPS estimate coming in at $0.42 and the highest estimate coming in at $0.45. STAG Indl Inc/SH SH posted earnings per share of $0.41 during the same quarter last year, which would indicate a positive year-over-year growth rate of 7.3%. The business is scheduled to report its next quarterly earnings report on Tuesday, August 7th.

On average, analysts expect that STAG Indl Inc/SH SH will report full-year earnings of $1.79 per share for the current year, with EPS estimates ranging from $1.71 to $1.81. For the next financial year, analysts forecast that the company will post earnings of $1.88 per share, with EPS estimates ranging from $1.83 to $1.94. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that follow STAG Indl Inc/SH SH.

STAG Indl Inc/SH SH (NYSE:STAG) last issued its quarterly earnings data on Tuesday, May 1st. The real estate investment trust reported $0.22 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.43 by ($0.21). The business had revenue of $83.28 million for the quarter, compared to analyst estimates of $82.27 million. STAG Indl Inc/SH SH had a return on equity of 4.71% and a net margin of 17.55%. The business’s quarterly revenue was up 19.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.41 EPS.

STAG has been the topic of several research analyst reports. LADENBURG THALM/SH SH reaffirmed a “buy” rating and set a $32.00 price objective on shares of STAG Indl Inc/SH SH in a research note on Friday, February 16th. Cantor Fitzgerald set a $29.00 price objective on STAG Indl Inc/SH SH and gave the stock a “hold” rating in a research note on Thursday, February 15th. DA Davidson reaffirmed a “neutral” rating on shares of STAG Indl Inc/SH SH in a research note on Friday, February 16th. Zacks Investment Research raised STAG Indl Inc/SH SH from a “sell” rating to a “hold” rating in a research note on Thursday, February 22nd. Finally, Royal Bank of Canada set a $28.00 price objective on STAG Indl Inc/SH SH and gave the stock a “buy” rating in a research note on Monday, February 26th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $29.19.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. First Mercantile Trust Co. raised its stake in shares of STAG Indl Inc/SH SH by 31.7% in the 4th quarter. First Mercantile Trust Co. now owns 9,090 shares of the real estate investment trust’s stock valued at $248,000 after purchasing an additional 2,190 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its stake in shares of STAG Indl Inc/SH SH by 17.0% in the 1st quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 15,260 shares of the real estate investment trust’s stock valued at $365,000 after purchasing an additional 2,215 shares during the period. Daiwa Securities Group Inc. raised its stake in shares of STAG Indl Inc/SH SH by 23.2% in the 1st quarter. Daiwa Securities Group Inc. now owns 12,200 shares of the real estate investment trust’s stock valued at $292,000 after purchasing an additional 2,300 shares during the period. The Manufacturers Life Insurance Company raised its stake in shares of STAG Indl Inc/SH SH by 3.4% in the 4th quarter. The Manufacturers Life Insurance Company now owns 72,971 shares of the real estate investment trust’s stock valued at $1,994,000 after purchasing an additional 2,366 shares during the period. Finally, San Francisco Sentry Investment Group CA raised its stake in shares of STAG Indl Inc/SH SH by 20.4% in the 4th quarter. San Francisco Sentry Investment Group CA now owns 14,274 shares of the real estate investment trust’s stock valued at $390,000 after purchasing an additional 2,420 shares during the period. 83.10% of the stock is currently owned by hedge funds and other institutional investors.

STAG Indl Inc/SH SH traded up $0.27, hitting $26.46, during mid-day trading on Friday, MarketBeat Ratings reports. 613,056 shares of the company’s stock were exchanged, compared to its average volume of 790,242. The company has a market capitalization of $2.60 billion, a PE ratio of 15.66, a PEG ratio of 3.24 and a beta of 1.10. STAG Indl Inc/SH SH has a fifty-two week low of $22.42 and a fifty-two week high of $28.95. 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 company also recently declared a monthly dividend, which will be paid on Monday, July 16th. Shareholders 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 5.37%. The ex-dividend date is Thursday, June 28th. STAG Indl Inc/SH SH’s dividend payout ratio is 84.02%.

About STAG Indl Inc/SH SH

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.

Get a free copy of the Zacks research report on STAG Indl Inc/SH SH (STAG)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for STAG Indl Inc/SH SH (NYSE:STAG)

Receive News & Ratings for STAG Indl Inc/SH SH Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for STAG Indl Inc/SH SH and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply