Stag Industrial (NYSE:STAG) Posts Earnings Results, Misses Expectations By $0.35 EPS

Stag Industrial (NYSE:STAG) issued its quarterly earnings results on Tuesday. The real estate investment trust reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.35), Fidelity Earnings reports. Stag Industrial had a return on equity of 4.63% and a net margin of 19.44%. The company had revenue of $96.65 million during the quarter, compared to the consensus estimate of $97.90 million. During the same period in the prior year, the firm earned $0.45 earnings per share. The business’s revenue for the quarter was up 13.1% compared to the same quarter last year.

STAG stock traded down $0.09 during midday trading on Wednesday, hitting $30.24. The company’s stock had a trading volume of 23,093 shares, compared to its average volume of 758,992. The stock has a market capitalization of $3.82 billion, a P/E ratio of 16.89, a PEG ratio of 4.23 and a beta of 0.93. Stag Industrial has a 12 month low of $23.24 and a 12 month high of $31.66. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.28 and a current ratio of 1.28. The business has a 50-day simple moving average of $30.63.

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, August 15th. Investors of record on Wednesday, July 31st will be given a $0.119 dividend. The ex-dividend date of this dividend is Tuesday, July 30th. This is a boost from Stag Industrial’s previous monthly dividend of $0.12. This represents a $1.43 annualized dividend and a yield of 4.72%. Stag Industrial’s dividend payout ratio is 79.89%.

A number of brokerages have recently commented on STAG. Zacks Investment Research cut H&E Equipment Services from a “hold” rating to a “sell” rating in a research report on Wednesday, July 17th. DA Davidson upped their price objective on Stag Industrial to $32.00 and gave the company a “neutral” rating in a research report on Thursday, April 4th. Berenberg Bank set a €126.00 ($146.51) price objective on Nemetschek and gave the company a “neutral” rating in a research report on Tuesday, April 23rd. Finally, ValuEngine cut Vereit from a “buy” rating to a “hold” rating in a research report on Friday, July 19th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company’s stock. Stag Industrial presently has a consensus rating of “Hold” and an average price target of $30.63.

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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Earnings History for Stag Industrial (NYSE:STAG)

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