STAG Industrial (NYSE:STAG) Releases Earnings Results, Beats Estimates By $0.43 EPS

STAG Industrial (NYSE:STAG) posted its quarterly earnings data on Wednesday. The real estate investment trust reported $0.61 EPS for the quarter, topping the consensus estimate 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 Trading Down 0.4 %

STAG Industrial stock 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 stock has a 50-day moving average price of $34.34 and a 200 day moving average price of $37.05. 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 has a market capitalization of $6.39 billion, a price-to-earnings ratio of 35.42 and a beta of 1.09.

STAG Industrial Announces Dividend

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

Analyst Upgrades and Downgrades

STAG has been the topic of several analyst reports. Raymond James lifted their price target on shares of STAG Industrial from $39.00 to $40.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. Wells Fargo & Company dropped their target price on STAG Industrial from $41.00 to $38.00 and set an “equal weight” rating on the stock in a research note on Monday, November 4th. Royal Bank of Canada decreased their price target 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. Finally, Barclays dropped 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. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus 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.