STAG Industrial (NYSE:STAG) Posts Earnings Results

STAG Industrial (NYSE:STAG) released its quarterly earnings results on Wednesday. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, beating 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, reaching $35.07. 1,600,068 shares of the company were exchanged, compared to its average volume of 1,264,562. The company has a market cap of $6.39 billion, a price-to-earnings ratio of 35.42 and a beta of 1.09. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.42 and a current ratio of 1.42. STAG Industrial has a 1-year low of $32.27 and a 1-year high of $41.63. The stock’s 50-day simple moving average is $34.36 and its 200 day simple moving average is $37.06.

STAG Industrial Dividend Announcement

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 (DPR) is 150.51%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on STAG. Barclays dropped their target price on shares of STAG Industrial from $40.00 to $37.00 and set an “equal weight” rating for the company in a report on Tuesday, January 28th. Raymond James lifted their price objective on STAG Industrial from $39.00 to $40.00 and gave the company an “outperform” rating in a research note on Wednesday, December 11th. Royal Bank of Canada decreased their target price on 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. Finally, Wells Fargo & Company lowered their target price on STAG Industrial from $41.00 to $38.00 and set an “equal weight” rating for the company 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. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $40.38.

About STAG Industrial

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.