Capital One Financial Analysts Raise Earnings Estimates for STAG Industrial, Inc. (NYSE: STAG)


STAG Industrial, Inc. (NYSE: STAG) – Capital One Financial stock researchers increased their estimates of earnings per share for fiscal 2021 for STAG Industrial stocks in a note to investors on Thursday, December 9. Capital One Financial analyst C. Lucas now predicts the REIT will earn $ 2.06 per share for the year, up from its previous forecast of $ 2.05. Capital One Financial also released estimates for STAG Industrial first quarter 2022 earnings at $ 0.53 per share, second quarter 2022 earnings at $ 0.55 per share, fourth quarter 2022 earnings at $ 0.56. per share, fiscal year 2022 earnings at $ 2.19 per share, first quarter 2023 earnings at $ 0.56 EPS, third quarter 2023 earnings at $ 0.58 per share, fiscal year earnings 2023 at $ 2.31 per share, year 2024 profit at $ 2.45 per share and year 2025 profit at $ 2.59 per share. STAG Industrial (NYSE: STAG) last reported its quarterly results on Thursday, October 28. The REIT reported $ 0.30 of EPS for the quarter, missing Zacks’ consensus estimate of $ 0.51 of ($ 0.21). STAG Industrial posted a return on equity of 7.28% and a net margin of 37.23%. The company posted revenue of $ 142.11 million for the quarter, compared to analysts’ expectations of $ 140.41 million. In the same quarter of the previous year, the company posted EPS of $ 0.46. The quarterly turnover of the activity is up 19.1% compared to the same quarter of last year.

A number of other equity analysts have also recently commented on the company. Raymond James raised his price target on STAG Industrial from $ 45 to $ 47.00 and gave the stock an “outperformance” rating in a research report published on Monday, November 1. Zacks Investment Research downgraded STAG Industrial from a “hold” rating to a “buy” rating and set a price target of $ 48.00 for the stock in a research report released on Friday, November 26 . Finally, the Royal Bank of Canada raised its price target on STAG Industrial from $ 46.00 to $ 50.00 and gave the stock an “outperformance” rating in a research report published on Monday, November 8. One stock research analyst rated the stock with a conservation rating and five gave the company’s stock a buy rating. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $ 43.67.

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STAG Industrial shares opened at $ 43.93 on Friday. STAG Industrial has a one-year minimum of $ 29.40 and a one-year maximum of $ 45.20. The company has a market cap of $ 7.46 billion, a price / earnings ratio of 34.87, a PEG ratio of 4.11 and a beta of 0.93. The company has a leverage ratio of 0.65, a quick ratio of 1.57, and a current ratio of 1.57. The company’s 50-day average mobile price is $ 42.85, and its 200-day average mobile price is $ 40.88.

A number of large investors have recently bought and sold shares in the company. Johnson Investment Counsel Inc. increased its holdings of STAG Industrial shares by 10.1% in the second quarter. Johnson Investment Counsel Inc. now owns 59,984 real estate investment trust shares valued at $ 2,252,000 after purchasing an additional 5,500 shares during the period. Kempen Capital Management NV increased its stake in STAG Industrial shares by 6.0% in the 2nd quarter. Kempen Capital Management NV now owns 618,563 Real Estate Investment Trust shares valued at $ 23,153,000 after purchasing an additional 35,250 shares during the period. H&H Retirement Design & Management INC increased its stake in STAG Industrial shares by 5.1% in the 3rd quarter. H&H Retirement Design & Management INC now owns 106,026 Real Estate Investment Trust shares valued at $ 4,328,000 after purchasing an additional 5,184 shares during the period. In the second quarter, Amundi took a new stake in STAG Industrial shares for a value of $ 4,393,000. Finally, M&T Bank Corp increased its stake in STAG Industrial shares by 3.3% in the second quarter. M&T Bank Corp now owns 13,169 real estate investment trust shares valued at $ 493,000 after purchasing an additional 417 shares during the period. Institutional investors hold 85.95% of the shares of the company.

The firm also recently announced a monthly dividend, which will be paid on Tuesday, January 18. Shareholders of record on Friday, December 31 will receive a dividend of $ 0.1208. The ex-dividend date for this dividend is Thursday, December 30. This represents a dividend of $ 1.45 on an annualized basis and a return of 3.30%. STAG Industrial’s dividend payout rate is currently 115.08%.

STAG Industrial Company Profile

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.

Further Reading: Are Wall Street Analysts’ Stock Quotes Worth Watching?

STAG Industrial Profit History and Estimates (NYSE: STAG)

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