Stag Industrial, Inc. (NYSE:STAG) issued its quarterly earnings data on Tuesday, August 1st. The real estate investment trust reported $0.41 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.41, Briefing.com reports. Stag Industrial had a net margin of 12.22% and a return on equity of 3.97%. The business had revenue of $72.20 million during the quarter, compared to analyst estimates of $71.44 million. During the same period last year, the business posted $0.38 earnings per share. Stag Industrial’s quarterly revenue was up 19.9% compared to the same quarter last year.
Shares of Stag Industrial (STAG) traded down 0.04% during trading on Friday, reaching $27.34. 494,473 shares of the company traded hands. Stag Industrial has a 52 week low of $21.21 and a 52 week high of $28.66. The firm has a 50 day moving average of $27.36 and a 200 day moving average of $26.24. The stock has a market capitalization of $2.52 billion, a PE ratio of 102.01 and a beta of 1.22.
The firm also recently announced a monthly dividend, which will be paid on Friday, December 15th. Stockholders of record on Thursday, November 30th will be issued a $0.1175 dividend. The ex-dividend date is Wednesday, November 29th. This represents a $1.41 dividend on an annualized basis and a dividend yield of 5.16%. Stag Industrial’s dividend payout ratio (DPR) is presently 503.57%.
Several institutional investors have recently bought and sold shares of the company. San Francisco Sentry Investment Group CA purchased a new stake in Stag Industrial during the second quarter valued at about $117,000. Creative Planning boosted its stake in Stag Industrial by 140.4% in the second quarter. Creative Planning now owns 4,341 shares of the real estate investment trust’s stock valued at $120,000 after buying an additional 2,535 shares during the last quarter. Daiwa Securities Group Inc. boosted its stake in shares of Stag Industrial by 45.5% in the first quarter. Daiwa Securities Group Inc. now owns 6,400 shares of the real estate investment trust’s stock worth $160,000 after buying an additional 2,000 shares in the last quarter. SG Americas Securities LLC boosted its stake in shares of Stag Industrial by 3.4% in the first quarter. SG Americas Securities LLC now owns 6,587 shares of the real estate investment trust’s stock worth $165,000 after buying an additional 215 shares in the last quarter. Finally, Ameritas Investment Partners Inc. bought a new stake in shares of Stag Industrial during the first quarter worth $174,000. 75.58% of the stock is currently owned by hedge funds and other institutional investors.
Several analysts have commented on the stock. Evercore ISI upgraded shares of Stag Industrial from an “in-line” rating to an “outperform” rating and set a $30.00 price objective for the company in a report on Monday, August 14th. Ladenburg Thalmann Financial Services reaffirmed a “buy” rating on shares of Stag Industrial in a research note on Wednesday, August 2nd. BidaskClub downgraded shares of Stag Industrial from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 20th. Jefferies Group LLC raised their price target on shares of Stag Industrial from $26.00 to $30.00 and gave the company a “buy” rating in a research report on Monday, April 24th. Finally, Raymond James Financial, Inc. raised their price target on shares of Stag Industrial from $27.50 to $28.50 and gave the company an “outperform” rating in a research report on Wednesday, August 9th. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Stag Industrial presently has an average rating of “Buy” and an average price target of $27.31.
Stag Industrial Company Profile
STAG Industrial, Inc is a real estate investment trust. The Company is focused on the acquisition, ownership, and operation of single-tenant, industrial properties across the United States. As of December 31, 2016, the Company owned 314 buildings in 37 states with approximately 60.9 million rentable square feet, consisting of 243 warehouse/distribution buildings, 54 light manufacturing buildings, 16 flex/office buildings, and one building in redevelopment.
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