Brokers Issue Forecasts for Stag Industrial Inc’s FY2019 Earnings (STAG)

Stag Industrial Inc (NYSE:STAG) – Investment analysts at Capital One Financial issued their FY2019 earnings per share (EPS) estimates for shares of Stag Industrial in a report issued on Tuesday. Capital One Financial analyst C. Lucas expects that the real estate investment trust will post earnings of $1.89 per share for the year.

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Stag Industrial (NYSE:STAG) last posted its earnings results on Thursday, February 15th. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.02 by $0.42. The company had revenue of $81.30 million for the quarter, compared to analysts’ expectations of $79.83 million. Stag Industrial had a return on equity of 2.92% and a net margin of 10.38%. Stag Industrial’s quarterly revenue was up 22.3% on a year-over-year basis. During the same period last year, the firm earned $0.42 earnings per share.

Several other analysts have also recently issued reports on the company. JPMorgan Chase & Co. cut their target price on Stag Industrial from $30.00 to $27.00 and set an “overweight” rating on the stock in a research note on Monday, March 19th. ValuEngine raised Stag Industrial from a “hold” rating to a “buy” rating in a research note on Wednesday, March 7th. Royal Bank of Canada set a $28.00 price objective on Stag Industrial and gave the company a “buy” rating in a research report on Monday, February 26th. Zacks Investment Research raised Stag Industrial from a “sell” rating to a “hold” rating in a research report on Thursday, February 22nd. Finally, DA Davidson reaffirmed a “neutral” rating on shares of Stag Industrial in a research report on Friday, February 16th. One research analyst has rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $29.31.

Shares of Stag Industrial stock opened at $23.01 on Thursday. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 0.61. The stock has a market capitalization of $2,307.38, a PE ratio of 104.60, a P/E/G ratio of 2.81 and a beta of 1.14. Stag Industrial has a 12 month low of $22.42 and a 12 month high of $28.95.

In other news, CEO Benjamin S. Butcher sold 68,180 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 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 $3,704,477.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 transaction of $842,188.49. Following the transaction, the chief financial officer now owns 46,493 shares of the company’s stock, valued at $1,227,880.13. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 165,069 shares of company stock worth $4,359,472. Insiders own 2.00% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the company. Commonwealth Equity Services Inc lifted its holdings in shares of Stag Industrial by 5.9% during the third quarter. Commonwealth Equity Services Inc now owns 33,184 shares of the real estate investment trust’s stock valued at $911,000 after purchasing an additional 1,857 shares during the last quarter. Advisors Asset Management Inc. lifted its holdings in shares of Stag Industrial by 5.8% during the third quarter. Advisors Asset Management Inc. now owns 34,023 shares of the real estate investment trust’s stock valued at $935,000 after purchasing an additional 1,876 shares during the last quarter. First Mercantile Trust Co. lifted its holdings in shares of Stag Industrial by 31.7% during the fourth quarter. First Mercantile Trust Co. now owns 9,090 shares of the real estate investment trust’s stock valued at $248,000 after purchasing an additional 2,190 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of Stag Industrial by 3.4% during the fourth quarter. The Manufacturers Life Insurance Company now owns 72,971 shares of the real estate investment trust’s stock valued at $1,994,000 after purchasing an additional 2,366 shares during the last quarter. Finally, San Francisco Sentry Investment Group CA lifted its holdings in shares of Stag Industrial by 20.4% during the fourth quarter. San Francisco Sentry Investment Group CA now owns 14,274 shares of the real estate investment trust’s stock valued at $390,000 after purchasing an additional 2,420 shares during the last quarter. Hedge funds and other institutional investors own 84.39% of the company’s stock.

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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.

Earnings History and Estimates for Stag Industrial (NYSE:STAG)

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