STAG Industrial (STAG) Earns Daily News Impact Rating of 0.19
Press coverage about STAG Industrial (NYSE:STAG) has trended somewhat positive recently, Accern reports. The research group identifies positive and negative news coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. STAG Industrial earned a coverage optimism score of 0.19 on Accern’s scale. Accern also assigned news articles about the real estate investment trust an impact score of 46.1422225428518 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the media stories that may have effected Accern Sentiment Analysis’s rankings:
- STAG Industrial Inc (STAG) Given Average Rating of “Buy” by Analysts (americanbankingnews.com)
- STAG Industrial (STAG) Receives “Buy” Rating from Ladenburg Thalmann (americanbankingnews.com)
- Trammell Crow/Clarion Partners to nearly double size of NW Houston industrial park (chron.com)
- Research Analysts Set Expectations for STAG Industrial Inc’s Q1 2018 Earnings (STAG) (americanbankingnews.com)
- STAG Industrial to issue $175M of senior unsecured notes (seekingalpha.com)
A number of brokerages have commented on STAG. JPMorgan Chase reduced their price objective on STAG Industrial from $30.00 to $27.00 and set an “overweight” rating for the company in a research report on Monday, March 19th. Royal Bank of Canada reiterated a “buy” rating and issued a $27.00 price objective on shares of STAG Industrial in a research report on Thursday, March 29th. Cantor Fitzgerald set a $29.00 price objective on STAG Industrial and gave the stock a “hold” rating in a research report on Thursday, February 15th. DA Davidson reiterated a “neutral” rating on shares of STAG Industrial in a research report on Friday, February 16th. Finally, Ladenburg Thalmann reiterated a “buy” rating and issued a $32.00 price objective on shares of STAG Industrial in a research report on Friday, February 16th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $29.19.
STAG Industrial (NYSE:STAG) last issued its earnings results on Thursday, February 15th. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.02 by $0.42. STAG Industrial had a return on equity of 2.92% and a net margin of 10.38%. The business had revenue of $81.30 million during the quarter, compared to analysts’ expectations of $79.83 million. During the same period in the prior year, the firm posted $0.42 EPS. STAG Industrial’s quarterly revenue was up 22.3% compared to the same quarter last year. equities research analysts expect that STAG Industrial will post 1.8 earnings per share for the current year.
The business also recently announced a monthly dividend, which will be paid on Monday, July 16th. Stockholders of record on Friday, June 29th will be issued a $0.1183 dividend. The ex-dividend date is Thursday, June 28th. This represents a $1.42 dividend on an annualized basis and a dividend yield of 5.93%. STAG Industrial’s payout ratio is presently 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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