Fourth Quarter 2023 Earnings Estimate for STAG Industrial, Inc. Released by Capital One Financial (NYSE:STAG)

STAG Industrial, Inc. (NYSE: STAG – Get a rating) – Research analysts at Capital One Financial raised their fourth-quarter 2023 EPS estimates for shares of STAG Industrial in a report released Wednesday, March 30. Capital One Financial analyst C. Lucas now expects the real estate investment trust to post earnings of $0.60 per share for the quarter, up from its previous forecast of $0.59. Capital One Financial also released STAG Industrial’s fiscal 2024 earnings estimate at $2.44 EPS. STAG Industrial (NYSE: STAG – Get a rating) last released its quarterly results on Wednesday, February 16. The REIT reported EPS of $0.50 for the quarter, beating the Zacks consensus estimate of $0.15 by $0.35. STAG Industrial achieved a return on equity of 6.53% and a net margin of 34.34%. The company posted revenue of $147.60 million for the quarter, compared to $147.33 million expected by analysts. In the same quarter last year, the company earned $0.49 per share. STAG Industrial revenue increased 13.6% year over year.

(A d)

This guide will help you identify and execute an options trading strategy that fits your specific needs and risk profile.

Take your trading to the next level with the Options Strategy Guide.

STAG has been the subject of a number of other reports. Raymond James cut his price target on STAG Industrial from $50.00 to $47.00 and gave the stock an “outperform” rating in a Tuesday, February 22 research note. StockNews.com assumed coverage on STAG Industrial in a research note on Thursday. They issued a “hold” rating on the stock. Zacks Investment Research downgraded STAG Industrial from a “buy” rating to a “hold” rating in a Thursday, Jan. 13, report. Finally, Wells Fargo & Company lowered its price target on STAG Industrial from $50.00 to $46.00 and set an “overweight” rating for the company in a Tuesday, March 15 report. Two equity research analysts rated the stock with a hold rating and four gave the company a buy rating. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $47.60.

STAG Industrial stock opened at $41.35 on Friday. STAG Industrial has a 12-month low of $33.47 and a 12-month high of $48.27. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt ratio of 0.65. The company’s 50-day moving average price is $40.41 and its two-hundred-day moving average price is $42.30. The stock has a market capitalization of $7.36 billion, a PE ratio of 36.59, a P/E/G ratio of 3.65 and a beta of 0.98.

The company also recently announced a monthly dividend, which will be paid on Monday, April 18. Shareholders of record on Thursday, March 31 will receive a dividend of $0.1217. The ex-dividend date is Wednesday, March 30. This represents a dividend of $1.46 on an annualized basis and a yield of 3.53%. STAG Industrial’s dividend payout ratio is currently 129.20%.

In other STAG Industrial, CEO news Benjamin S. Boucher sold 20,000 shares of the company in a transaction dated Tuesday, February 22. The stock was sold at an average price of $38.70, for a total value of $774,000.00. The sale was disclosed in a document filed with the SEC, accessible via this link. Additionally, CEO Benjamin S. Butcher sold 10,000 shares in a trade dated Monday, March 7. The shares were sold at an average price of $39.66, for a total value of $396,600.00. Disclosure of this sale can be found here. Insiders sold a total of 45,000 shares of the company worth $1,771,050 in the past 90 days. Company insiders hold 1.20% of the company’s shares.

A number of institutional investors and hedge funds have been buying and selling stocks recently. BlackRock Inc. increased its stake in STAG Industrial by 10.4% in Q4. BlackRock Inc. now owns 19,066,196 shares of the real estate investment trust worth $914,414,000 after purchasing an additional 1,801,422 shares during the period. State Street Corp increased its stake in STAG Industrial by 13.6% in the fourth quarter. State Street Corp now owns 7,305,816 shares of the real estate investment trust worth $351,258,000 after purchasing an additional 877,303 shares during the period. Geode Capital Management LLC increased its stake in STAG Industrial by 9.0% in the 4th quarter. Geode Capital Management LLC now owns 3,753,288 shares of the real estate investment trust worth $180,007,000 after purchasing an additional 308,960 shares during the period. Deutsche Bank AG increased its stake in STAG Industrial by 18.4% in the fourth quarter. Deutsche Bank AG now owns 3,711,653 shares of the real estate investment trust worth $178,010,000 after purchasing an additional 577,485 shares during the period. Finally, Scout Investments Inc. increased its stake in STAG Industrial by 0.8% in the 4th quarter. Scout Investments Inc. now owns 3,177,993 shares of the real estate investment trust worth $152,417,000 after purchasing an additional 24,770 shares during the period. Institutional investors and hedge funds hold 83.95% of the company’s shares.

About STAG Industrial (Get a rating)

STAG Industrial, Inc is a real estate investment trust focused on acquiring, owning and operating single-tenant industrial properties across the United States. The company was founded by Benjamin S. Butcher on July 21, 2010 and is based in Boston, MA.

Further reading

Earnings history and estimates for STAG Industrial (NYSE: STAG)

This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]

Should you invest $1,000 in STAG Industrial right now?

Before you consider STAG Industrial, you’ll want to hear this.

MarketBeat tracks Wall Street’s top-rated, top-performing research analysts daily and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market takes off…and STAG Industrial wasn’t on the list.

Although STAG Industrial currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.

See the 5 actions here