STAG Industrial (STAG) Scheduled to Post Quarterly Earnings on Tuesday

STAG Industrial (NYSE:STAG) is set to release its earnings data after the market closes on Tuesday, October 29th. Analysts expect the company to announce earnings of $0.59 per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

STAG Industrial Trading Down 2.0 %

NYSE:STAG opened at $37.05 on Monday. STAG Industrial has a 12 month low of $31.79 and a 12 month high of $41.63. The business’s 50-day moving average is $39.02 and its two-hundred day moving average is $37.43. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.60 and a quick ratio of 1.60. The firm has a market capitalization of $6.75 billion, a PE ratio of 35.63 and a beta of 1.09.

STAG Industrial Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a dividend of $0.1233 per share. This represents a $1.48 annualized dividend and a yield of 3.99%. The ex-dividend date of this dividend is Tuesday, December 31st. STAG Industrial’s dividend payout ratio (DPR) is presently 142.31%.

Insider Activity

In other news, Director Benjamin S. Butcher sold 34,000 shares of the business’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $40.78, for a total transaction of $1,386,520.00. Following the completion of the transaction, the director now owns 8,758 shares of the company’s stock, valued at approximately $357,151.24. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

STAG has been the topic of a number of analyst reports. Wedbush lifted their price objective on shares of STAG Industrial from $44.00 to $45.00 and gave the company an “outperform” rating in a research note on Monday, August 5th. Evercore ISI raised their price target on shares of STAG Industrial from $43.00 to $44.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 28th. Wells Fargo & Company upped their price objective on STAG Industrial from $37.00 to $41.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 28th. Finally, Barclays boosted their price target on STAG Industrial from $38.00 to $42.00 and gave the company an “equal weight” rating in a report on Wednesday, August 14th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, STAG Industrial presently has a consensus rating of “Hold” and a consensus target price of $41.22.

STAG Industrial Company Profile

We are a REIT focused on the acquisition, ownership, and operation of industrial properties throughout the United States. Our platform is designed to (i) identify properties for acquisition that offer relative value across CBRE-EA Tier 1 industrial real estate markets, industries, and tenants through the principled application of our proprietary risk assessment model, (ii) provide growth through sophisticated industrial operation and an attractive opportunity set, and (iii) capitalize our business appropriately given the characteristics of our assets.