Analysts Expect STAG Indl Inc/SH SH (STAG) to Announce $0.44 Earnings Per Share

Wall Street analysts expect STAG Indl Inc/SH SH (NYSE:STAG) to announce $0.44 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for STAG Indl Inc/SH SH’s earnings, with estimates ranging from $0.42 to $0.45. STAG Indl Inc/SH SH reported earnings per share of $0.41 in the same quarter last year, which would suggest a positive year-over-year growth rate of 7.3%. The company is scheduled to announce its next quarterly earnings report on Tuesday, August 7th.

On average, analysts expect that STAG Indl Inc/SH SH will report full year earnings of $1.79 per share for the current year, with EPS estimates ranging from $1.71 to $1.81. For the next fiscal year, analysts anticipate that the firm will report earnings of $1.88 per share, with EPS estimates ranging from $1.83 to $1.94. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that cover STAG Indl Inc/SH SH.

STAG Indl Inc/SH SH (NYSE:STAG) last issued its quarterly earnings results on Tuesday, May 1st. The real estate investment trust reported $0.22 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.43 by ($0.21). The business had revenue of $83.28 million for the quarter, compared to analysts’ expectations of $82.27 million. STAG Indl Inc/SH SH had a return on equity of 4.71% and a net margin of 17.55%. The firm’s revenue for the quarter was up 19.9% on a year-over-year basis. During the same quarter last year, the company earned $0.41 earnings per share.



A number of brokerages have issued reports on STAG. Zacks Investment Research upgraded shares of STAG Indl Inc/SH SH from a “sell” rating to a “hold” rating in a research note on Wednesday, May 9th. LADENBURG THALM/SH SH reiterated a “buy” rating and set a $32.00 price target on shares of STAG Indl Inc/SH SH in a research note on Friday, February 16th. DA Davidson reiterated a “neutral” rating on shares of STAG Indl Inc/SH SH in a research note on Friday, February 16th. JPMorgan Chase & Co. cut their price target on shares of STAG Indl Inc/SH SH from $30.00 to $27.00 and set an “overweight” rating on the stock in a research note on Monday, March 19th. Finally, ValuEngine upgraded shares of STAG Indl Inc/SH SH from a “hold” rating to a “buy” rating in a research note on Wednesday, March 7th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $29.19.

Several institutional investors have recently made changes to their positions in STAG. Centersquare Investment Management LLC acquired a new position in shares of STAG Indl Inc/SH SH during the first quarter worth about $68,783,000. Alliancebernstein L.P. grew its position in shares of STAG Indl Inc/SH SH by 28.5% during the fourth quarter. Alliancebernstein L.P. now owns 4,635,191 shares of the real estate investment trust’s stock worth $126,680,000 after buying an additional 1,027,966 shares in the last quarter. Westwood Holdings Group Inc. grew its position in shares of STAG Indl Inc/SH SH by 28.8% during the first quarter. Westwood Holdings Group Inc. now owns 3,276,839 shares of the real estate investment trust’s stock worth $78,382,000 after buying an additional 733,050 shares in the last quarter. Westfield Capital Management Co. LP grew its position in shares of STAG Indl Inc/SH SH by 1,004.8% during the first quarter. Westfield Capital Management Co. LP now owns 713,168 shares of the real estate investment trust’s stock worth $17,059,000 after buying an additional 648,618 shares in the last quarter. Finally, Monarch Partners Asset Management LLC acquired a new position in shares of STAG Indl Inc/SH SH during the first quarter worth about $14,005,000. 83.10% of the stock is owned by institutional investors and hedge funds.

NYSE:STAG traded up $0.27 on Friday, reaching $26.46. 613,056 shares of the company’s stock were exchanged, compared to its average volume of 790,242. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.10 and a quick ratio of 0.10. The firm has a market capitalization of $2.60 billion, a PE ratio of 15.66, a price-to-earnings-growth ratio of 3.24 and a beta of 1.10. STAG Indl Inc/SH SH has a 52-week low of $22.42 and a 52-week high of $28.95.

The business also recently disclosed a monthly dividend, which will be paid on Monday, July 16th. Stockholders of record on Friday, June 29th will be given a dividend of $0.1183 per share. This represents a $1.42 dividend on an annualized basis and a dividend yield of 5.37%. The ex-dividend date of this dividend is Thursday, June 28th. STAG Indl Inc/SH SH’s dividend payout ratio is presently 84.02%.

STAG Indl Inc/SH SH Company Profile

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.

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Earnings History and Estimates for STAG Indl Inc/SH SH (NYSE:STAG)

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