Equities analysts expect that Stag Industrial Inc (NYSE:STAG) will report $83.62 million in sales for the current quarter, according to Zacks. Four analysts have issued estimates for Stag Industrial’s earnings, with estimates ranging from $82.42 million to $85.57 million. Stag Industrial reported sales of $69.48 million in the same quarter last year, which would suggest a positive year over year growth rate of 20.4%. The business is scheduled to announce its next quarterly earnings results on Tuesday, May 1st.
According to Zacks, analysts expect that Stag Industrial will report full-year sales of $83.62 million for the current fiscal year, with estimates ranging from $316.94 million to $371.16 million. For the next financial year, analysts anticipate that the firm will report sales of $387.42 million per share, with estimates ranging from $319.62 million to $438.14 million. Zacks’ sales calculations are a mean average based on a survey of research analysts that cover Stag Industrial.
Stag Industrial (NYSE:STAG) last announced 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 during the quarter, compared to analyst estimates of $79.83 million. During the same period in the previous year, the business posted $0.42 earnings per share. Stag Industrial’s revenue for the quarter was up 22.3% on a year-over-year basis.
In related news, COO Stephen C. Mecke sold 30,000 shares of the company’s stock in a transaction on Friday, January 5th. The shares were sold at an average price of $26.41, for a total transaction of $792,300.00. Following the completion of the sale, the chief operating officer now directly owns 32,000 shares in the company, valued at approximately $845,120. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Benjamin S. Butcher sold 68,180 shares of the company’s stock in a transaction on Friday, January 5th. The shares were sold at an average price of $26.41, for a total transaction of $1,800,633.80. Following the sale, the chief executive officer now owns 140,268 shares of the company’s stock, valued at $3,704,477.88. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 165,069 shares of company stock valued at $4,359,472. Company insiders own 2.00% of the company’s stock.
A number of large investors have recently bought and sold shares of STAG. Teacher Retirement System of Texas bought a new stake in Stag Industrial during the 3rd quarter valued at $200,000. Aperio Group LLC bought a new stake in Stag Industrial during the 4th quarter valued at $216,000. Ameritas Investment Partners Inc. raised its holdings in Stag Industrial by 13.0% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 7,846 shares of the real estate investment trust’s stock valued at $217,000 after buying an additional 903 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in 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 buying an additional 3,451 shares during the last quarter. Finally, Signition LP bought a new stake in Stag Industrial during the 4th quarter valued at $222,000. Institutional investors own 83.80% of the company’s stock.
Shares of Stag Industrial (NYSE:STAG) traded up $0.28 during trading on Wednesday, reaching $23.02. 336,357 shares of the company’s stock traded hands, compared to its average volume of 757,658. Stag Industrial has a twelve month low of $22.42 and a twelve month high of $28.95. The company has a market capitalization of $2,150.00, a price-to-earnings ratio of 103.73, a PEG ratio of 2.50 and a beta of 1.09. The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt-to-equity ratio of 0.61.
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About Stag Industrial
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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