Analysts Expect STAG Industrial Inc (STAG) to Announce $0.43 Earnings Per Share

Analysts predict that STAG Industrial Inc (NYSE:STAG) will report earnings per share (EPS) of $0.43 for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for STAG Industrial’s earnings, with estimates ranging from $0.42 to $0.45. STAG Industrial posted earnings of $0.41 per share in the same quarter last year, which suggests a positive year over year growth rate of 4.9%. The business is expected to announce its next quarterly earnings results after the market closes on Tuesday, May 1st.

On average, analysts expect that STAG Industrial will report full year earnings of $1.80 per share for the current financial year, with EPS estimates ranging from $1.74 to $1.91. For the next fiscal year, analysts anticipate that the company will report earnings of $1.90 per share, with EPS estimates ranging from $1.80 to $2.06. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that cover STAG Industrial.

STAG Industrial (NYSE:STAG) last released its earnings results on Thursday, February 15th. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.42. STAG Industrial had a net margin of 10.38% and a return on equity of 2.92%. The business had revenue of $81.30 million for the quarter, compared to analyst estimates of $79.83 million. During the same quarter in the previous year, the business earned $0.42 earnings per share. STAG Industrial’s revenue for the quarter was up 22.3% on a year-over-year basis.

Several brokerages have recently weighed in on STAG. Royal Bank of Canada reiterated a “buy” rating and set a $27.00 price objective on shares of STAG Industrial in a report on Thursday, March 29th. JPMorgan Chase lowered their target price on shares of STAG Industrial from $30.00 to $27.00 and set an “overweight” rating on the stock in a report on Monday, March 19th. ValuEngine upgraded shares of STAG Industrial from a “hold” rating to a “buy” rating in a report on Wednesday, March 7th. Zacks Investment Research upgraded shares of STAG Industrial from a “sell” rating to a “hold” rating in a report on Thursday, February 22nd. Finally, DA Davidson restated a “neutral” rating on shares of STAG Industrial in a report on Friday, February 16th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $29.19.

A number of hedge funds have recently modified their holdings of the business. First Mercantile Trust Co. grew its position in STAG Industrial by 31.7% in the 4th quarter. First Mercantile Trust Co. now owns 9,090 shares of the real estate investment trust’s stock worth $248,000 after purchasing an additional 2,190 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in shares of STAG Industrial by 3.4% during the 4th quarter. The Manufacturers Life Insurance Company now owns 72,971 shares of the real estate investment trust’s stock valued at $1,994,000 after acquiring an additional 2,366 shares during the period. San Francisco Sentry Investment Group CA grew its position in shares of STAG Industrial by 20.4% during the 4th quarter. San Francisco Sentry Investment Group CA now owns 14,274 shares of the real estate investment trust’s stock valued at $390,000 after acquiring an additional 2,420 shares during the period. Moors & Cabot Inc. grew its position in shares of STAG Industrial by 15.1% during the 4th quarter. Moors & Cabot Inc. now owns 20,710 shares of the real estate investment trust’s stock valued at $566,000 after acquiring an additional 2,710 shares during the period. Finally, Envestnet Asset Management Inc. grew its position in shares of STAG Industrial by 76.5% during the 3rd quarter. Envestnet Asset Management Inc. now owns 7,963 shares of the real estate investment trust’s stock valued at $219,000 after acquiring an additional 3,451 shares during the period. 84.41% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE STAG traded down $0.07 during trading on Wednesday, hitting $23.70. 208,456 shares of the company traded hands, compared to its average volume of 719,176. STAG Industrial has a fifty-two week low of $22.42 and a fifty-two week high of $28.95. The firm has a market capitalization of $2,311.27, a P/E ratio of 14.07, a P/E/G ratio of 2.85 and a beta of 1.08. The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt-to-equity ratio of 0.61.

The company also recently disclosed a monthly dividend, which will be paid on Monday, July 16th. Shareholders of record on Friday, June 29th will be given a $0.1183 dividend. This represents a $1.42 dividend on an annualized basis and a yield of 5.99%. The ex-dividend date is Thursday, June 28th. STAG Industrial’s payout ratio is 84.02%.

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About STAG Industrial

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. As of December 31, 2017, the Company owned 356 buildings in 37 states with approximately 70.2 million rentable square feet (square feet unaudited herein and throughout the Notes), consisting of 288 warehouse/distribution buildings, 52 light manufacturing buildings, 14 flex/office buildings, and two buildings classified as held for sale.

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Earnings History and Estimates for STAG Industrial (NYSE:STAG)

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