Jefferies Group Weighs in on STAG Industrial Inc’s Q1 2018 Earnings (STAG)

STAG Industrial Inc (NYSE:STAG) – Research analysts at Jefferies Group lowered their Q1 2018 EPS estimates for STAG Industrial in a research report issued to clients and investors on Thursday, April 12th. Jefferies Group analyst J. Petersen now forecasts that the real estate investment trust will post earnings per share of $0.44 for the quarter, down from their previous estimate of $0.45. Jefferies Group also issued estimates for STAG Industrial’s FY2018 earnings at $1.80 EPS and FY2019 earnings at $1.89 EPS.

Other equities research analysts also recently issued research reports about the company. JPMorgan Chase decreased their target price 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 reaffirmed a “buy” rating and issued a $27.00 target price on shares of STAG Industrial in a research report on Thursday, March 29th. Cantor Fitzgerald set a $29.00 target price on STAG Industrial and gave the stock a “hold” rating in a research report on Thursday, February 15th. DA Davidson reissued a “neutral” rating on shares of STAG Industrial in a report on Friday, February 16th. Finally, Ladenburg Thalmann reissued a “buy” rating and issued a $32.00 price target on shares of STAG Industrial in a report on Friday, February 16th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the company’s stock. STAG Industrial has an average rating of “Buy” and a consensus price target of $29.19.



Shares of NYSE STAG opened at $23.65 on Friday. STAG Industrial has a 1-year low of $22.42 and a 1-year high of $28.95. 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 $2,310.30, a PE ratio of 13.99, a P/E/G ratio of 2.84 and a beta of 1.09.

STAG Industrial (NYSE:STAG) last issued its earnings results on Thursday, February 15th. The real estate investment trust reported $0.44 earnings per share for the quarter, topping the Thomson Reuters’ 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 company had revenue of $81.30 million during the quarter, compared to the consensus estimate of $79.83 million. During the same quarter in the prior year, the business earned $0.42 earnings per share. The company’s revenue was up 22.3% compared to the same quarter last year.

Institutional investors and hedge funds have recently modified their holdings of the stock. Aperio Group LLC purchased a new position in STAG Industrial in the fourth quarter valued at about $216,000. Envestnet Asset Management Inc. boosted its holdings in STAG Industrial by 76.5% in the third quarter. Envestnet Asset Management Inc. now owns 7,963 shares of the real estate investment trust’s stock valued at $219,000 after purchasing an additional 3,451 shares during the last quarter. Signition LP purchased a new position in STAG Industrial in the fourth quarter valued at about $222,000. Kovack Advisors Inc. purchased a new position in STAG Industrial in the fourth quarter valued at about $239,000. Finally, First Mercantile Trust Co. boosted its holdings in STAG Industrial by 31.7% in 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. 84.39% of the stock is owned by hedge funds and other institutional investors.

The firm also recently declared a monthly dividend, which will be paid on Monday, July 16th. Investors of record on Friday, June 29th will be issued a $0.1183 dividend. This represents a $1.42 dividend on an annualized basis and a yield of 6.00%. The ex-dividend date is Thursday, June 28th. STAG Industrial’s dividend payout ratio is currently 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.

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

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