STAG Industrial (STAG) Set to Announce Quarterly Earnings on Tuesday

STAG Industrial (NYSE:STAG) will be issuing its quarterly 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. Investors interested in participating in the company’s conference call can do so using this link.

STAG Industrial Trading Down 2.2 %

STAG Industrial stock opened at $37.70 on Tuesday. The firm has a 50 day simple moving average of $39.19 and a 200-day simple moving average of $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 stock has a market capitalization of $6.87 billion, a PE ratio of 36.34 and a beta of 1.09. STAG Industrial has a 12-month low of $31.69 and a 12-month high of $41.63.

STAG Industrial Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a $0.1233 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.93%. STAG Industrial’s payout ratio is currently 142.31%.

Insider Buying and Selling

In related news, Director Benjamin S. Butcher sold 34,000 shares of STAG Industrial stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $40.78, for a total value of $1,386,520.00. Following the completion of the transaction, the director now directly owns 8,758 shares of the company’s stock, valued at $357,151.24. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 1.10% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

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