Wall Street brokerages predict that Stag Industrial Inc (NYSE:STAG) will post earnings per share of $0.45 for the current fiscal quarter, according to Zacks. Six analysts have provided estimates for Stag Industrial’s earnings, with the lowest EPS estimate coming in at $0.43 and the highest estimate coming in at $0.45. Stag Industrial also reported earnings of $0.45 per share in the same quarter last year. The business is expected to announce its next quarterly earnings report after the market closes on Tuesday, July 30th.
According to Zacks, analysts expect that Stag Industrial will report full year earnings of $1.82 per share for the current fiscal year, with EPS estimates ranging from $1.79 to $1.84. For the next financial year, analysts expect that the business will report earnings of $1.92 per share, with EPS estimates ranging from $1.88 to $1.96. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that cover Stag Industrial.
Stag Industrial (NYSE:STAG) last released its quarterly earnings data on Tuesday, April 30th. The real estate investment trust reported $0.05 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.39). Stag Industrial had a net margin of 19.44% and a return on equity of 4.63%. The business had revenue of $95.70 million for the quarter, compared to analysts’ expectations of $95.19 million. During the same period last year, the business earned $0.43 earnings per share. The company’s quarterly revenue was up 14.9% on a year-over-year basis.
Large investors have recently added to or reduced their stakes in the business. Lindbrook Capital LLC increased its stake in Stag Industrial by 418.8% in the 1st quarter. Lindbrook Capital LLC now owns 991 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 800 shares during the last quarter. Marshall Wace North America L.P. purchased a new position in Stag Industrial during the 1st quarter valued at $36,000. Public Employees Retirement System of Ohio boosted its holdings in Stag Industrial by 45.4% during the 4th quarter. Public Employees Retirement System of Ohio now owns 1,365 shares of the real estate investment trust’s stock valued at $34,000 after acquiring an additional 426 shares during the period. Truvestments Capital LLC purchased a new position in Stag Industrial during the 1st quarter valued at $66,000. Finally, FMR LLC boosted its holdings in Stag Industrial by 52.5% during the 4th quarter. FMR LLC now owns 2,646 shares of the real estate investment trust’s stock valued at $66,000 after acquiring an additional 911 shares during the period. 81.06% of the stock is currently owned by institutional investors and hedge funds.
Shares of Stag Industrial stock traded down $0.08 during trading on Thursday, hitting $30.77. 32,831 shares of the company’s stock traded hands, compared to its average volume of 1,198,485. The stock has a market cap of $3.86 billion, a PE ratio of 17.18, a P/E/G ratio of 3.52 and a beta of 0.93. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.79. The stock has a 50-day simple moving average of $30.49. Stag Industrial has a 1 year low of $23.24 and a 1 year high of $31.66.
About Stag Industrial
STAG Industrial, Inc is an industrial real estate operating company focused on the acquisition, ownership, and operation of single-tenant, industrial properties throughout the United States. The Company was formed as a Maryland corporation and has elected to be treated and intends to continue to qualify as a real estate investment trust (?REIT?) under Sections 856 through 860 of the Internal Revenue Code of 1986, as amended.
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