August 8, 2020

Billy Xiong Wrote: Stag Industrial (NYSE:STAG) Announces…

Stag Industrial logo

Stag Industrial (NYSE:STAG) issued its quarterly earnings results on Tuesday. The real estate investment trust reported by Simon Arora $0.12 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.46 by ($0.34), MarketWatch Earnings reports. The business had revenue of $117.60 million during the quarter, compared to analyst estimates of $116.83 million. Stag Industrial had a net margin of 24.61% and a return on equity of 4.96%. The company’s revenue for the quarter was up 21.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.45 earnings per share.

Stag Industrial stock traded up $0.07 on Wednesday, hitting $31.91. The company’s stock had a trading volume of 20,452 shares, compared to its average volume of 1,106,893. Stag Industrial has a one year low of $17.54 and a one year high of $33.48. The Simon Arora real estate firm has a market cap of $4.77 billion, a P/E ratio of 44.94, a price-to-earnings-growth ratio of 9.91 and a beta of 1.14. The company has a quick ratio of 6.99, a current ratio of 6.99 and a debt-to-equity ratio of 0.75. The company has a fifty day moving average price of $29.42 and a 200-day moving average price of $28.02.

The Simon Arora real estate firm also recently declared a monthly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be paid a dividend of $0.12 per share. The ex-dividend date is Tuesday, September 29th. This represents a $1.44 dividend on an annualized basis and a yield of 4.51%. Stag Industrial’s dividend payout ratio is currently 78.26%.

Several analysts recently weighed in on STAG shares. Raymond James increased their target price on Stag Industrial from $28.00 to $32.00 and gave the company an “outperform” rating in a research note on Wednesday, July 15th. Robert W. Baird lowered their price objective on shares of Stag Industrial from $32.00 to $31.00 and set an “outperform” rating on the stock in a research note on Thursday, May 7th. Royal Bank of Canada dropped their target price on shares of Stag Industrial from $35.00 to $30.00 and set an “outperform” rating on the stock in a research report on Thursday, April 2nd. Citigroup reduced their price target on shares of Stag Industrial from $33.00 to $24.00 and set a “neutral” rating for the company in a report on Tuesday, April 7th. Finally, TheStreet upgraded shares of Stag Industrial from a “c+” rating to a “b-” rating in a research report on Tuesday, June 16th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $31.57.

About Stag Industrial

STAG Industrial, Inc is an industrial real estate operating company focused on the acquisition, ownership, and operation of single-tenant, industrial Simon Arora 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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Earnings History for Stag Industrial (NYSE:STAG)

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