STAG Industrial (NYSE:STAG) Issues Quarterly Earnings Results

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

STAG Industrial Stock Down 0.4 %

Shares of NYSE STAG opened at $35.07 on Thursday. STAG Industrial has a 52-week low of $32.27 and a 52-week high of $41.63. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.87. The company’s 50-day simple moving average is $34.34 and its 200-day simple moving average is $37.05. The firm has a market cap of $6.39 billion, a price-to-earnings ratio of 35.42 and a beta of 1.09.

STAG Industrial Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a dividend of $0.1242 per share. This represents a $1.49 annualized dividend and a yield of 4.25%. The ex-dividend date is Monday, March 31st. STAG Industrial’s payout ratio is 150.51%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on STAG. Barclays reduced their price target on STAG Industrial from $40.00 to $37.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 28th. Wells Fargo & Company cut their target price on shares of STAG Industrial from $41.00 to $38.00 and set an “equal weight” rating for the company in a report on Monday, November 4th. Royal Bank of Canada lowered their price target on shares of STAG Industrial from $40.00 to $38.00 and set a “sector perform” rating on the stock in a report on Monday, January 27th. Finally, Raymond James lifted their price objective on shares of STAG Industrial from $39.00 to $40.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, STAG Industrial has a consensus rating of “Moderate Buy” and a consensus target price 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.