Brokers Offer Predictions for Stag Industrial Inc’s FY2018 Earnings (STAG)
Stag Industrial Inc (NYSE:STAG) – Stock analysts at Jefferies Group cut their FY2018 earnings per share estimates for Stag Industrial in a research report issued to clients and investors on Tuesday. Jefferies Group analyst J. Petersen now anticipates that the real estate investment trust will earn $1.86 per share for the year, down from their previous estimate of $1.87. Jefferies Group has a “Buy” rating and a $32.00 price target on the stock.
Stag Industrial (NYSE:STAG) last issued its quarterly earnings data on Thursday, November 2nd. The real estate investment trust reported $0.43 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.01. The firm had revenue of $78.14 million for the quarter, compared to the consensus estimate of $76.17 million. Stag Industrial had a net margin of 18.96% and a return on equity of 5.72%. Stag Industrial’s quarterly revenue was up 24.8% compared to the same quarter last year. During the same period last year, the firm posted $0.40 EPS.
Other analysts also recently issued reports about the stock. TheStreet upgraded shares of Stag Industrial from a “c” rating to a “b-” rating in a research report on Tuesday, November 14th. JPMorgan Chase & Co. upgraded shares of Stag Industrial from a “neutral” rating to an “overweight” rating and set a $30.00 price objective on the stock in a research report on Friday, December 15th. Ladenburg Thalmann Financial Services reiterated a “buy” rating on shares of Stag Industrial in a research report on Friday, November 3rd. Finally, BidaskClub upgraded shares of Stag Industrial from a “strong sell” rating to a “sell” rating in a research report on Saturday, November 4th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $28.50.
Shares of Stag Industrial (STAG) traded up $0.27 during trading hours on Thursday, reaching $25.88. 762,500 shares of the company traded hands, compared to its average volume of 684,827. The company has a market cap of $2,380.00, a P/E ratio of 47.05, a PEG ratio of 2.71 and a beta of 1.26. Stag Industrial has a 12-month low of $22.70 and a 12-month high of $28.95. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.09 and a current ratio of 0.09.
The business also recently declared a monthly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Wednesday, February 28th will be given a dividend of $0.1183 per share. The ex-dividend date is Tuesday, February 27th. This represents a $1.42 dividend on an annualized basis and a dividend yield of 5.49%. Stag Industrial’s dividend payout ratio (DPR) is 256.36%.
In other news, CFO William R. Crooker sold 31,889 shares of Stag Industrial stock in a transaction that occurred on Friday, January 5th. The shares were sold at an average price of $26.41, for a total value of $842,188.49. Following the transaction, the chief financial officer now owns 46,493 shares of the company’s stock, valued at approximately $1,227,880.13. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Benjamin S. Butcher sold 68,180 shares of Stag Industrial stock in a transaction that occurred on Friday, January 5th. The stock was sold at an average price of $26.41, for a total transaction of $1,800,633.80. Following the completion of the transaction, the chief executive officer now directly owns 140,268 shares in the company, valued at approximately $3,704,477.88. The disclosure for this sale can be found here. Insiders have sold a total of 165,069 shares of company stock worth $4,359,472 over the last 90 days. 2.00% of the stock is owned by insiders.
Institutional investors and hedge funds have recently made changes to their positions in the company. San Francisco Sentry Investment Group CA acquired a new position in shares of Stag Industrial in the 2nd quarter worth approximately $117,000. Verition Fund Management LLC purchased a new position in shares of Stag Industrial in the second quarter worth approximately $200,000. Teacher Retirement System of Texas purchased a new position in shares of Stag Industrial in the third quarter worth approximately $200,000. Federated Investors Inc. PA purchased a new position in shares of Stag Industrial in the second quarter worth approximately $203,000. Finally, Ameritas Investment Partners Inc. increased its position in shares of Stag Industrial by 13.0% in the second quarter. Ameritas Investment Partners Inc. now owns 7,846 shares of the real estate investment trust’s stock worth $217,000 after acquiring an additional 903 shares in the last quarter. 82.04% of the stock is currently owned by institutional investors.
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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