STAG Industrial (NYSE:STAG) Announces Quarterly Earnings Results

STAG Industrial (NYSE:STAG) released its earnings results on Wednesday. The real estate investment trust reported $0.61 EPS 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 Performance

NYSE STAG opened at $35.34 on Friday. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.87. STAG Industrial has a fifty-two week low of $32.27 and a fifty-two week high of $41.63. The business has a fifty day moving average of $34.33 and a 200-day moving average of $37.03. The stock has a market cap of $6.44 billion, a price-to-earnings ratio of 35.69 and a beta of 1.09.

STAG Industrial Announces Dividend

The business also recently announced 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 dividend on an annualized basis and a yield of 4.22%. The ex-dividend date is Monday, March 31st. STAG Industrial’s dividend payout ratio (DPR) is presently 150.51%.

Analysts Set New Price Targets

STAG has been the subject of a number of research analyst reports. Raymond James increased their price target 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. Wells Fargo & Company dropped 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. Barclays decreased their price target on STAG Industrial from $40.00 to $37.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 28th. Finally, Royal Bank of Canada dropped their price objective on STAG Industrial from $40.00 to $38.00 and set a “sector perform” rating for the company in a research note on Monday, January 27th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, STAG Industrial has an average rating of “Moderate Buy” and an average 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.