Stag Industrial Inc (NYSE:STAG) – Equities researchers at Jefferies Financial Group lifted their FY2020 earnings per share (EPS) estimates for shares of Stag Industrial in a report released on Tuesday, November 5th. Jefferies Financial Group analyst J. Petersen now anticipates that the real estate investment trust will post earnings per share of $1.94 for the year, up from their previous estimate of $1.91.
A number of other research firms also recently weighed in on STAG. Zacks Investment Research upgraded Stag Industrial from a “sell” rating to a “hold” rating in a research report on Friday, October 4th. ValuEngine downgraded Stag Industrial from a “buy” rating to a “hold” rating in a research report on Friday, July 19th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Stag Industrial currently has a consensus rating of “Hold” and a consensus target price of $31.33.
Stag Industrial (NYSE:STAG) last released its earnings results on Wednesday, October 30th. The real estate investment trust reported $0.07 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.46 by ($0.39). The firm had revenue of $102.42 million during the quarter, compared to the consensus estimate of $100.78 million. Stag Industrial had a return on equity of 4.35% and a net margin of 19.96%. The business’s quarterly revenue was up 15.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.45 EPS.
The company also recently announced a monthly dividend, which will be paid on Friday, November 15th. Investors of record on Thursday, October 31st will be given a $0.119 dividend. The ex-dividend date of this dividend is Wednesday, October 30th. This represents a $1.43 dividend on an annualized basis and a yield of 4.76%. Stag Industrial’s payout ratio is 79.89%.
In related news, EVP Jeffrey M. Sullivan sold 35,815 shares of the business’s stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $29.37, for a total value of $1,051,886.55. Following the completion of the sale, the executive vice president now owns 35,815 shares in the company, valued at approximately $1,051,886.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.50% of the company’s stock.
A number of hedge funds have recently made changes to their positions in STAG. Quest Capital Management Inc. ADV bought a new stake in Stag Industrial in the third quarter valued at approximately $25,000. CWM LLC bought a new stake in Stag Industrial in the third quarter valued at approximately $31,000. Rehmann Capital Advisory Group lifted its position in Stag Industrial by 3,005.6% in the second quarter. Rehmann Capital Advisory Group now owns 1,118 shares of the real estate investment trust’s stock valued at $34,000 after purchasing an additional 1,082 shares during the last quarter. Marshall Wace North America L.P. bought a new stake in Stag Industrial in the first quarter valued at approximately $36,000. Finally, Lindbrook Capital LLC lifted its position in Stag Industrial by 90.8% in the second quarter. Lindbrook Capital LLC now owns 1,891 shares of the real estate investment trust’s stock valued at $57,000 after purchasing an additional 900 shares during the last quarter. Hedge funds and other institutional investors own 88.99% 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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