STAG Industrial (STAG) Set to Announce Earnings on Tuesday

STAG Industrial (NYSE:STAG) will release its earnings data after the market closes on Tuesday, April 30th. Analysts expect STAG Industrial to post earnings of $0.58 per share for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

STAG Industrial Stock Down 0.2 %

NYSE STAG opened at $34.48 on Friday. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.76. The company has a fifty day moving average of $37.20 and a two-hundred day moving average of $36.82. The firm has a market capitalization of $6.27 billion, a price-to-earnings ratio of 31.93, a PEG ratio of 4.88 and a beta of 1.02. STAG Industrial has a 52 week low of $31.69 and a 52 week high of $39.61.

STAG Industrial Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be paid a dividend of $0.1233 per share. This represents a $1.48 annualized dividend and a yield of 4.29%. The ex-dividend date of this dividend is Friday, June 28th. STAG Industrial’s payout ratio is 137.04%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on STAG. Royal Bank of Canada lifted their target price on STAG Industrial from $39.00 to $40.00 and gave the stock a “sector perform” rating in a research report on Friday, February 16th. BMO Capital Markets reiterated an “outperform” rating and set a $42.00 target price (up from $41.00) on shares of STAG Industrial in a research report on Monday, April 8th. Robert W. Baird restated a “neutral” rating and issued a $41.00 price objective (up from $38.00) on shares of STAG Industrial in a report on Friday, January 5th. Finally, Barclays initiated coverage on STAG Industrial in a report on Wednesday, March 27th. They issued an “equal weight” rating and a $40.00 price objective for the company. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, STAG Industrial has an average rating of “Hold” and a consensus target price of $39.13.

About STAG Industrial

We are a REIT focused on the acquisition, ownership, and operation of industrial properties throughout the United States. Our platform is designed to (i) identify properties for acquisition that offer relative value across CBRE-EA Tier 1 industrial real estate markets, industries, and tenants through the principled application of our proprietary risk assessment model, (ii) provide growth through sophisticated industrial operation and an attractive opportunity set, and (iii) capitalize our business appropriately given the characteristics of our assets.