STAG Industrial, Inc. (NYSE: STAG) – Capital One Financial stock researchers increased their 2023 first quarter earnings per share (EPS) estimates for STAG Industrial stocks in a research report released to clients and investors on Monday, October 18. Capital One Financial analyst C. Lucas now predicts the REIT will post earnings of $ 0.55 per share for the quarter, up from its previous forecast of $ 0.54. Capital One Financial has a âBuyâ rating and a target price of $ 44.00 on the stock. Capital One Financial also released STAG Industrial’s earnings estimates for fiscal 2023 at $ 2.27 per share. STAG Industrial (NYSE: STAG) last released its quarterly results on Tuesday, July 27. The REIT reported earnings of $ 0.20 per share (EPS) for the quarter, missing Zacks’ consensus estimate of $ 0.50 ($ 0.30). STAG Industrial generated a net margin of 34.24% and a return on equity of 6.78%. The company posted revenue of $ 138.43 million for the quarter, compared to $ 134.36 million expected by analysts. During the same period last year, the company posted $ 0.47 in EPS. STAG Industrial revenue increased 17.7% year-on-year.
A number of other equity research analysts have also recently published reports on the company. Royal Bank of Canada increased its price target on STAG Industrial from $ 42.00 to $ 46.00 and gave the company an “outperformance” rating in a research report published on Tuesday, August 3. Raymond James raised his price target on STAG Industrial from $ 41.00 to $ 45 and gave the stock an “outperformance” rating in a research report on Thursday, July 29. Finally, Zacks Investment Research upgraded STAG Industrial from a âholdâ rating to a âbuyâ rating and set a target price of $ 45 for the company in a research report released on Tuesday, September 28. One investment analyst rated the stock with a sell rating, another assigned a conservation rating, and five issued a buy rating for the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $ 40.43.
STAG stock opened at $ 43.14 on Tuesday. The stock has a 50-day moving average price of $ 41.54 and a two-hundred-day moving average price of $ 38.90. STAG Industrial has a 12 month low of $ 29.34 and a 12 month high of $ 43.55. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt ratio of 0.69. The company has a market cap of $ 6.99 billion, a PE ratio of 38.86, a price / earnings-growth ratio of 4.45 and a beta of 0.90.
The company also recently declared a monthly dividend, which will be paid on Tuesday, January 18. Investors of record on Friday, December 31 will receive a dividend of $ 0.1208. This represents an annualized dividend of $ 1.45 and a dividend yield of 3.36%. The ex-dividend date is Thursday, December 30. STAG Industrial’s dividend distribution rate (DPR) is 76.72%.
In other STAG Industrial news, CEO Benjamin S. Butcher sold 35,000 shares of the company in a transaction that took place on Tuesday, August 24. The stock was sold for an average price of $ 41.14, for a total value of $ 1,439,900.00. As a result of the transaction, the CEO now directly owns 82,088 shares of the company, valued at approximately $ 3,377,100.32. The sale was disclosed in a file with the SEC, which can be accessed through the SEC’s website. Company insiders own 1.20% of the company’s shares.
Several large investors have recently changed their holdings in STAG. Strategic Blueprint LLC purchased a new stake in STAG Industrial shares in the second quarter valued at $ 30,000. Cullen Frost Bankers Inc. acquired a new position in STAG Industrial in the second quarter valued at $ 36,000. Marshall Wace North America LP acquired a new position in STAG Industrial in the first quarter valued at $ 36,000. Geneos Wealth Management Inc. increased its stake in STAG Industrial by 53.1% in the first quarter. Geneos Wealth Management Inc. now owns 1,154 REITs worth $ 42,000 after purchasing an additional 400 shares during the period. Finally, Lazard Asset Management LLC increased its stake in STAG Industrial by 74.8% in the first quarter. Lazard Asset Management LLC now owns 1,533 real estate investment trust shares worth $ 51,000 after purchasing an additional 656 shares during the period. Institutional investors and hedge funds hold 86.35% of the company’s shares.
About STAG Industriel
STAG Industrial, Inc is a real estate investment trust that focuses on the acquisition, ownership and operation of single tenant industrial properties across the United States. The company was founded by Benjamin S. Butcher on July 21, 2010 and is headquartered in Boston, MA.
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