STAG Industrial, Inc. (NYSE:STAG) – Equities researchers at Capital One Financial lifted their FY2021 earnings per share estimates for shares of STAG Industrial in a note issued to investors on Thursday, December 9th. Capital One Financial analyst C. Lucas now anticipates that the real estate investment trust will earn $2.06 per share for the year, up from their prior forecast of $2.05. Capital One Financial also issued estimates for STAG Industrial’s Q1 2022 earnings at $0.53 EPS, Q2 2022 earnings at $0.55 EPS, Q4 2022 earnings at $0.56 EPS, FY2022 earnings at $2.19 EPS, Q1 2023 earnings at $0.56 EPS, Q2 2023 earnings at $0.58 EPS, Q3 2023 earnings at $0.58 EPS, FY2023 earnings at $2.31 EPS, FY2024 earnings at $2.45 EPS and FY2025 earnings at $2.59 EPS. STAG Industrial (NYSE:STAG) last announced its quarterly earnings data on Thursday, October 28th. The real estate investment trust reported $0.30 EPS for the quarter, missing the Zacks’ consensus estimate of $0.51 by ($0.21). STAG Industrial had a return on equity of 7.28% and a net margin of 37.23%. The company had revenue of $142.11 million for the quarter, compared to analysts’ expectations of $140.41 million. During the same quarter in the previous year, the business posted $0.46 EPS. The business’s quarterly revenue was up 19.1% compared to the same quarter last year.
A number of other equities analysts also recently commented on the company. Raymond James lifted their price objective on STAG Industrial from $45.00 to $47.00 and gave the stock an “outperform” rating in a research report on Monday, November 1st. Zacks Investment Research upgraded STAG Industrial from a “hold” rating to a “buy” rating and set a $48.00 price objective on the stock in a research report on Friday, November 26th. Finally, Royal Bank of Canada lifted their price objective on STAG Industrial from $46.00 to $50.00 and gave the stock an “outperform” rating in a research report on Monday, November 8th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $43.67.
Shares of STAG Industrial stock opened at $43.93 on Friday. STAG Industrial has a one year low of $29.40 and a one year high of $45.20. The company has a market cap of $7.46 billion, a price-to-earnings ratio of 34.87, a PEG ratio of 4.11 and a beta of 0.93. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.57 and a current ratio of 1.57. The business’s 50 day moving average price is $42.85 and its 200 day moving average price is $40.88.
A number of large investors have recently bought and sold shares of the business. Johnson Investment Counsel Inc. raised its holdings in shares of STAG Industrial by 10.1% in the 2nd quarter. Johnson Investment Counsel Inc. now owns 59,984 shares of the real estate investment trust’s stock valued at $2,252,000 after buying an additional 5,500 shares during the period. Kempen Capital Management N.V. raised its holdings in shares of STAG Industrial by 6.0% in the 2nd quarter. Kempen Capital Management N.V. now owns 618,563 shares of the real estate investment trust’s stock valued at $23,153,000 after buying an additional 35,250 shares during the period. H&H Retirement Design & Management INC raised its holdings in shares of STAG Industrial by 5.1% in the 3rd quarter. H&H Retirement Design & Management INC now owns 106,026 shares of the real estate investment trust’s stock valued at $4,328,000 after buying an additional 5,184 shares during the period. Amundi purchased a new stake in shares of STAG Industrial in the 2nd quarter valued at $4,393,000. Finally, M&T Bank Corp raised its holdings in shares of STAG Industrial by 3.3% in the 2nd quarter. M&T Bank Corp now owns 13,169 shares of the real estate investment trust’s stock valued at $493,000 after buying an additional 417 shares during the period. Institutional investors own 85.95% of the company’s stock.
The firm also recently announced a monthly dividend, which will be paid on Tuesday, January 18th. Shareholders of record on Friday, December 31st will be given a $0.1208 dividend. The ex-dividend date of this dividend is Thursday, December 30th. This represents a $1.45 dividend on an annualized basis and a yield of 3.30%. STAG Industrial’s dividend payout ratio is currently 115.08%.
STAG Industrial Company Profile
STAG Industrial, Inc is a real estate investment trust, which focuses on acquisition, ownership and operation of single-tenant, industrial properties throughout the United States. The company was founded by Benjamin S. Butcher on July 21, 2010 and is headquartered in Boston, MA.
Further Reading: Are Wall Street analysts’ stock ratings worth following?
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected]
Should you invest $1,000 in STAG Industrial right now?
Before you consider STAG Industrial, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and STAG Industrial wasn’t on the list.
While STAG Industrial currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
View The 5 Stocks Here