Stag Industrial Inc (NYSE:STAG) – Stock analysts at Jefferies Financial Group decreased their FY2020 earnings estimates for Stag Industrial in a research report issued to clients and investors on Monday, October 14th. Jefferies Financial Group analyst J. Petersen now anticipates that the real estate investment trust will earn $1.91 per share for the year, down from their prior estimate of $1.93.
Stag Industrial (NYSE:STAG) last issued its quarterly earnings data on Tuesday, July 30th. The real estate investment trust reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.35). Stag Industrial had a net margin of 20.06% and a return on equity of 4.57%. The company had revenue of $96.65 million for the quarter, compared to the consensus estimate of $97.90 million. During the same period in the previous year, the business earned $0.45 EPS. Stag Industrial’s revenue for the quarter was up 13.1% compared to the same quarter last year.
STAG has been the topic of a number of other research reports. Zacks Investment Research raised Stag Industrial from a “sell” rating to a “hold” rating in a research report on Friday, October 4th. ValuEngine cut Stag Industrial from a “buy” rating to a “hold” rating in a research note on Friday, July 19th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Stag Industrial currently has a consensus rating of “Hold” and an average price target of $30.63.
Shares of STAG stock opened at $30.20 on Tuesday. Stag Industrial has a 1-year low of $23.24 and a 1-year high of $31.66. The stock’s 50-day moving average is $29.58 and its 200 day moving average is $29.73. The company has a market cap of $3.86 billion, a P/E ratio of 16.87, a PEG ratio of 4.31 and a beta of 0.89. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.02 and a quick ratio of 1.02.
In other Stag Industrial news, EVP Jeffrey M. Sullivan sold 35,815 shares of the stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $29.37, for a total value of $1,051,886.55. Following the completion of the sale, the executive vice president now directly owns 35,815 shares in the company, valued at $1,051,886.55. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 1.50% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in the business. Rehmann Capital Advisory Group raised its stake in shares of Stag Industrial by 3,005.6% in the second quarter. Rehmann Capital Advisory Group now owns 1,118 shares of the real estate investment trust’s stock worth $34,000 after purchasing an additional 1,082 shares during the last quarter. Marshall Wace North America L.P. purchased a new position in shares of Stag Industrial in the first quarter worth about $36,000. Lindbrook Capital LLC raised its stake in shares of Stag Industrial by 90.8% in the second quarter. Lindbrook Capital LLC now owns 1,891 shares of the real estate investment trust’s stock worth $57,000 after purchasing an additional 900 shares during the last quarter. Point72 Asset Management L.P. purchased a new position in shares of Stag Industrial in the second quarter worth about $67,000. Finally, First Interstate Bank purchased a new position in shares of Stag Industrial in the second quarter worth about $80,000. Institutional investors own 88.97% of the company’s stock.
About Stag Industrial
STAG Industrial, Inc is an industrial real estate operating company focused on the acquisition, ownership, and operation of single-tenant, industrial properties throughout the United States. The Company was formed as a Maryland corporation and has elected to be treated and intends to continue to qualify as a real estate investment trust (?REIT?) under Sections 856 through 860 of the Internal Revenue Code of 1986, as amended.
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