Wall Street analysts predict that Stag Industrial Inc (NYSE:STAG) will report $0.46 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Stag Industrial’s earnings. The lowest EPS estimate is $0.45 and the highest is $0.47. Stag Industrial posted earnings of $0.45 per share in the same quarter last year, which would suggest a positive year over year growth rate of 2.2%. The firm is scheduled to announce its next quarterly earnings results after the market closes on Wednesday, October 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 $1.78 to $1.92. For the next financial year, analysts forecast that the company will report earnings of $1.89 per share, with EPS estimates ranging from $1.81 to $1.94. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Stag Industrial.
Stag Industrial (NYSE:STAG) last released its quarterly earnings results on Tuesday, July 30th. The real estate investment trust reported $0.10 EPS for the quarter, missing the Zacks’ consensus estimate of $0.45 by ($0.35). Stag Industrial had a return on equity of 4.57% and a net margin of 20.06%. The company had revenue of $96.65 million during the quarter, compared to analysts’ expectations of $97.90 million. During the same period in the prior year, the firm earned $0.45 EPS. Stag Industrial’s quarterly revenue was up 13.1% on a year-over-year basis.
In related news, EVP Jeffrey M. Sullivan sold 35,815 shares of the company’s stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $29.37, for a total transaction of $1,051,886.55. Following the completion of the sale, the executive vice president now directly owns 35,815 shares in the company, valued at approximately $1,051,886.55. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.50% of the company’s stock.
Large investors have recently bought and sold shares of the stock. Coastal Investment Advisors Inc. raised its holdings in Stag Industrial by 106.3% during the 2nd quarter. Coastal Investment Advisors Inc. now owns 4,647 shares of the real estate investment trust’s stock valued at $140,000 after buying an additional 2,395 shares during the last quarter. Pictet Asset Management Ltd. raised its holdings in Stag Industrial by 38.8% in the 2nd quarter. Pictet Asset Management Ltd. now owns 23,600 shares of the real estate investment trust’s stock worth $714,000 after purchasing an additional 6,600 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Stag Industrial by 14.9% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 32,323 shares of the real estate investment trust’s stock worth $977,000 after purchasing an additional 4,193 shares in the last quarter. Timbercreek Investment Management Inc. raised its holdings in Stag Industrial by 3.4% in the 2nd quarter. Timbercreek Investment Management Inc. now owns 174,676 shares of the real estate investment trust’s stock worth $5,336,000 after purchasing an additional 5,800 shares in the last quarter. Finally, Canton Hathaway LLC raised its holdings in Stag Industrial by 7.0% in the 2nd quarter. Canton Hathaway LLC now owns 5,458 shares of the real estate investment trust’s stock worth $165,000 after purchasing an additional 358 shares in the last quarter. Institutional investors own 88.97% of the company’s stock.
STAG stock traded up $0.04 during midday trading on Thursday, reaching $30.24. The company had a trading volume of 172,482 shares, compared to its average volume of 1,399,243. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.02 and a quick ratio of 1.02. Stag Industrial has a 1 year low of $23.24 and a 1 year high of $31.66. The company has a market capitalization of $3.86 billion, a P/E ratio of 16.89, a P/E/G ratio of 4.31 and a beta of 0.89. The firm has a 50-day moving average price of $29.54 and a 200-day moving average price of $29.72.
Stag Industrial Company Profile
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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