Wall Street brokerages predict that Stag Industrial Inc (NYSE:STAG) will report sales of $91.45 million for the current fiscal quarter, Zacks reports. Four analysts have made estimates for Stag Industrial’s earnings. The highest sales estimate is $94.20 million and the lowest is $85.37 million. Stag Industrial posted sales of $81.27 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 12.5%. The business is expected to report its next earnings report on Thursday, February 21st.
According to Zacks, analysts expect that Stag Industrial will report full year sales of $348.39 million for the current fiscal year, with estimates ranging from $339.54 million to $352.80 million. For the next fiscal year, analysts anticipate that the firm will post sales of $386.32 million, with estimates ranging from $346.92 million to $414.00 million. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover Stag Industrial.
Stag Industrial (NYSE:STAG) last announced its quarterly earnings data on Thursday, November 1st. The real estate investment trust reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.38). Stag Industrial had a net margin of 14.96% and a return on equity of 3.74%. The firm had revenue of $89.00 million for the quarter, compared to the consensus estimate of $87.49 million. During the same period last year, the company posted $0.43 earnings per share. Stag Industrial’s revenue for the quarter was up 14.0% on a year-over-year basis.
Shares of Stag Industrial stock traded down $0.14 during trading hours on Friday, reaching $26.41. The company had a trading volume of 593,706 shares, compared to its average volume of 743,902. The firm has a market capitalization of $2.86 billion, a P/E ratio of 15.63, a PEG ratio of 2.93 and a beta of 1.02. Stag Industrial has a one year low of $22.42 and a one year high of $29.07. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.85 and a quick ratio of 0.85.
The business also recently disclosed a monthly dividend, which will be paid on Thursday, November 15th. Stockholders of record on Wednesday, October 31st will be paid a $0.118 dividend. The ex-dividend date is Tuesday, October 30th. This represents a $1.42 annualized dividend and a dividend yield of 5.36%. Stag Industrial’s dividend payout ratio (DPR) is 84.02%.
A number of institutional investors have recently modified their holdings of the stock. Canton Hathaway LLC bought a new position in shares of Stag Industrial during the 3rd quarter valued at about $140,000. First Hawaiian Bank purchased a new stake in Stag Industrial in the 3rd quarter worth about $148,000. Clear Harbor Asset Management LLC purchased a new stake in Stag Industrial in the 2nd quarter worth about $201,000. Private Advisor Group LLC purchased a new stake in Stag Industrial in the 2nd quarter worth about $212,000. Finally, Signition LP purchased a new position in shares of Stag Industrial during the third quarter worth approximately $225,000. 84.36% of the stock is 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. 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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