STAG Industrial (NYSE:STAG) Releases Earnings Results, Beats Expectations By $0.43 EPS

STAG Industrial (NYSE:STAG) posted its earnings results on Wednesday. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.43, Zacks reports. STAG Industrial had a net margin of 23.94% and a return on equity of 5.27%.

STAG Industrial Stock Down 0.4 %

STAG stock traded down $0.13 during midday trading on Wednesday, hitting $35.07. 1,600,077 shares of the company’s stock were exchanged, compared to its average volume of 1,275,719. The firm has a 50 day moving average price of $34.36 and a 200-day moving average price of $37.06. STAG Industrial has a 12-month low of $32.27 and a 12-month high of $41.63. The stock has a market capitalization of $6.39 billion, a price-to-earnings ratio of 35.42 and a beta of 1.09. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.87.

STAG Industrial Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a $0.1242 dividend. This represents a $1.49 dividend on an annualized basis and a yield of 4.25%. The ex-dividend date of this dividend is Monday, March 31st. STAG Industrial’s dividend payout ratio is currently 150.51%.

Wall Street Analysts Forecast Growth

STAG has been the topic of a number of research reports. Royal Bank of Canada cut their target price on shares of STAG Industrial from $40.00 to $38.00 and set a “sector perform” rating on the stock in a research note on Monday, January 27th. Barclays cut their price objective on STAG Industrial from $40.00 to $37.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 28th. Raymond James increased their target price on STAG Industrial from $39.00 to $40.00 and gave the company an “outperform” rating in a research note on Wednesday, December 11th. Finally, Wells Fargo & Company dropped their target price on STAG Industrial from $41.00 to $38.00 and set an “equal weight” rating on the stock in a report on Monday, November 4th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $40.38.

STAG Industrial Company Profile

STAG Industrial, Inc is a real estate investment company, which engages in acquiring, owning, and managing single-tenant, industrial real estate assets. It offers industrial real estate operating platform to real estate ownership. The company was founded by Benjamin S. Butcher on July 21, 2010 and is headquartered in Boston, MA.