Stag Industrial Inc (NYSE:STAG) – Research analysts at Capital One Financial decreased their Q4 2019 EPS estimates for shares of Stag Industrial in a research note issued on Wednesday, April 17th. Capital One Financial analyst C. Lucas now anticipates that the real estate investment trust will earn $0.46 per share for the quarter, down from their previous estimate of $0.48. Capital One Financial also issued estimates for Stag Industrial’s Q1 2020 earnings at $0.46 EPS, Q2 2020 earnings at $0.47 EPS, Q3 2020 earnings at $0.47 EPS, Q4 2020 earnings at $0.47 EPS and FY2020 earnings at $1.88 EPS.
Stag Industrial (NYSE:STAG) last posted its quarterly earnings data on Wednesday, February 13th. The real estate investment trust reported $0.46 earnings per share for the quarter, topping 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 business had revenue of $93.29 million for the quarter, compared to analysts’ expectations of $91.61 million. During the same quarter in the previous year, the firm earned $0.44 earnings per share. The business’s revenue was up 14.8% on a year-over-year basis.
STAG stock opened at $28.84 on Thursday. 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 1-year low of $23.24 and a 1-year high of $29.89. The firm has a market capitalization of $3.40 billion, a price-to-earnings ratio of 16.11, a price-to-earnings-growth ratio of 3.18 and a beta of 1.08.
The company also recently declared a monthly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be given a dividend of $0.1192 per share. The ex-dividend date is Thursday, June 27th. This represents a $1.43 dividend on an annualized basis and a dividend yield of 4.96%. Stag Industrial’s dividend payout ratio is presently 79.89%.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Sigma Planning Corp lifted its position in shares of Stag Industrial by 4.6% during the 4th quarter. Sigma Planning Corp now owns 9,626 shares of the real estate investment trust’s stock valued at $239,000 after buying an additional 423 shares during the last quarter. Public Employees Retirement System of Ohio raised its stake in shares of Stag Industrial by 45.4% during the 4th quarter. Public Employees Retirement System of Ohio now owns 1,365 shares of the real estate investment trust’s stock valued at $34,000 after purchasing an additional 426 shares during the period. First Hawaiian Bank raised its stake in shares of Stag Industrial by 11.0% during the 4th quarter. First Hawaiian Bank now owns 5,962 shares of the real estate investment trust’s stock valued at $148,000 after purchasing an additional 590 shares during the period. Advisors Asset Management Inc. raised its stake in shares of Stag Industrial by 1.5% during the 4th quarter. Advisors Asset Management Inc. now owns 49,064 shares of the real estate investment trust’s stock valued at $1,221,000 after purchasing an additional 711 shares during the period. Finally, Keeley Teton Advisors LLC raised its stake in shares of Stag Industrial by 1.3% during the 4th quarter. Keeley Teton Advisors LLC now owns 59,056 shares of the real estate investment trust’s stock valued at $1,469,000 after purchasing an additional 786 shares during the period. 82.00% of the stock is currently owned by hedge funds and other institutional investors.
About Stag Industrial
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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