Zacks: Analysts Expect Stag Industrial Inc (STAG) to Post $0.44 EPS
Wall Street analysts predict that Stag Industrial Inc (NYSE:STAG) will post earnings per share of $0.44 for the current quarter, Zacks reports. Six analysts have provided estimates for Stag Industrial’s earnings, with the lowest EPS estimate coming in at $0.43 and the highest estimate coming in at $0.46. Stag Industrial reported earnings per share of $0.43 during the same quarter last year, which suggests a positive year-over-year growth rate of 2.3%. The firm is expected to report its next earnings report after the market closes on Tuesday, April 30th.
According to Zacks, analysts expect that Stag Industrial will report full year earnings of $1.85 per share for the current fiscal year, with EPS estimates ranging from $1.81 to $1.89. For the next financial year, analysts forecast that the business will report earnings of $1.95 per share, with EPS estimates ranging from $1.90 to $2.00. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that follow Stag Industrial.
Stag Industrial (NYSE:STAG) last announced its quarterly earnings data on Wednesday, February 13th. The real estate investment trust reported $0.46 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.45 by $0.01. Stag Industrial had a return on equity of 6.16% and a net margin of 24.98%. The firm had revenue of $93.29 million during the quarter, compared to the consensus estimate of $91.61 million. During the same quarter in the previous year, the company posted $0.44 earnings per share. The business’s revenue was up 14.8% on a year-over-year basis.
STAG stock traded down $0.23 during midday trading on Wednesday, hitting $29.26. The company had a trading volume of 6,838 shares, compared to its average volume of 1,155,370. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.10 and a current ratio of 1.10. Stag Industrial has a 52 week low of $23.24 and a 52 week high of $29.89. The company has a market capitalization of $3.48 billion, a P/E ratio of 16.36, a PEG ratio of 3.19 and a beta of 1.08.
The firm also recently announced a monthly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be issued a dividend of $0.1192 per share. The ex-dividend date of this dividend is Thursday, June 27th. This represents a $1.43 dividend on an annualized basis and a dividend yield of 4.89%. Stag Industrial’s dividend payout ratio is presently 79.89%.
Institutional investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. raised its stake in shares of Stag Industrial by 51.2% in the third quarter. JPMorgan Chase & Co. now owns 262,271 shares of the real estate investment trust’s stock worth $7,212,000 after buying an additional 88,854 shares during the period. Rhumbline Advisers raised its holdings in Stag Industrial by 2.7% in the 3rd quarter. Rhumbline Advisers now owns 120,967 shares of the real estate investment trust’s stock valued at $3,327,000 after acquiring an additional 3,167 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in Stag Industrial by 4.7% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,074,647 shares of the real estate investment trust’s stock valued at $29,552,000 after acquiring an additional 47,950 shares during the last quarter. BlackRock Inc. raised its holdings in Stag Industrial by 16.8% in the 3rd quarter. BlackRock Inc. now owns 10,827,026 shares of the real estate investment trust’s stock valued at $297,742,000 after acquiring an additional 1,559,294 shares during the last quarter. Finally, American International Group Inc. raised its holdings in Stag Industrial by 9.4% in the 3rd quarter. American International Group Inc. now owns 69,763 shares of the real estate investment trust’s stock valued at $1,918,000 after acquiring an additional 5,991 shares during the last quarter. Institutional investors own 82.20% of the company’s stock.
Stag Industrial Company Profile
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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