Stag Industrial (NYSE:STAG) Issues Quarterly Earnings Results, Misses Expectations By $0.29 EPS

Stag Industrial (NYSE:STAG) announced its quarterly earnings results on Tuesday. The real estate investment trust reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.29), FiscalAI reports. Stag Industrial had a net margin of 29.88% and a return on equity of 7.28%. The firm had revenue of $231.05 million during the quarter, compared to analysts’ expectations of $227.16 million. During the same quarter in the prior year, the business earned $0.65 EPS. The company’s quarterly revenue was up 9.4% compared to the same quarter last year.

Stag Industrial Price Performance

Shares of Stag Industrial stock traded down $0.40 during mid-day trading on Friday, reaching $36.87. 2,083,883 shares of the stock traded hands, compared to its average volume of 1,440,335. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.91. The business has a 50-day moving average of $36.73 and a 200 day moving average of $37.88. The stock has a market capitalization of $7.11 billion, a PE ratio of 26.15 and a beta of 0.91. Stag Industrial has a fifty-two week low of $35.14 and a fifty-two week high of $42.61.

Stag Industrial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 15th. Stockholders of record on Thursday, December 31st will be issued a $0.3875 dividend. The ex-dividend date of this dividend is Thursday, December 31st. This represents a $1.55 dividend on an annualized basis and a dividend yield of 4.2%. Stag Industrial’s dividend payout ratio is currently 109.93%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on STAG. Robert W. Baird upgraded Stag Industrial from a “neutral” rating to an “outperform” rating and set a $42.00 target price for the company in a research note on Monday, August 31st. Weiss Ratings downgraded shares of Stag Industrial from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, September 25th. Evercore reissued an “outperform” rating on shares of Stag Industrial in a research report on Monday, September 14th. Wall Street Zen upgraded Stag Industrial from a “sell” rating to a “hold” rating in a report on Saturday, September 5th. Finally, Wells Fargo & Company cut their price objective on shares of Stag Industrial from $40.00 to $38.00 and set an “equal weight” rating for the company in a research report on Tuesday, September 1st. Three investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $41.00.

Stag Industrial Company Profile

STAG Industrial, Inc is a real estate investment trust (REIT) that owns, operates and acquires industrial properties throughout the United States. The company focuses primarily on single-tenant properties, which it leases to businesses for uses such as warehousing, distribution, manufacturing and logistics.

Its portfolio includes a range of industrial facilities serving tenants across diverse industries and geographic markets. STAG Industrial’s business activities include property acquisition, leasing, management and development, with an emphasis on facilities that support supply-chain and operating requirements.

Founded in 2010 and headquartered in Boston, Massachusetts, STAG Industrial became a publicly traded company in 2011.