STAG Industrial (STAG) Projected to Post Earnings on Wednesday

STAG Industrial (NYSE:STAG) is anticipated to release its earnings data after the market closes on Wednesday, February 12th. Analysts expect STAG Industrial to post earnings of $0.18 per share and revenue of $194.04 million for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

STAG Industrial Stock Up 1.7 %

Shares of NYSE STAG opened at $34.39 on Wednesday. The firm has a market cap of $6.27 billion, a P/E ratio of 34.73 and a beta of 1.09. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.42 and a current ratio of 1.42. STAG Industrial has a 1 year low of $32.27 and a 1 year high of $41.63. The firm’s 50 day moving average price is $34.57 and its 200 day moving average price is $37.24.

STAG Industrial Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a dividend of $0.1242 per share. This represents a $1.49 dividend on an annualized basis and a dividend yield of 4.33%. The ex-dividend date of this dividend is Monday, March 31st. STAG Industrial’s dividend payout ratio is presently 150.51%.

Analyst Ratings Changes

Several equities analysts recently commented on STAG shares. Royal Bank of Canada dropped their target price on STAG Industrial from $40.00 to $38.00 and set a “sector perform” rating for the company in a research note on Monday, January 27th. Wells Fargo & Company dropped their price objective on shares of STAG Industrial from $41.00 to $38.00 and set an “equal weight” rating for the company in a research note on Monday, November 4th. Raymond James raised their target price on shares of STAG Industrial from $39.00 to $40.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. Finally, Barclays dropped their price target on shares of STAG Industrial from $40.00 to $37.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 28th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, STAG Industrial presently has an average rating of “Moderate Buy” and an average price target of $40.38.

STAG Industrial Company Profile

STAG Industrial, Inc is a real estate investment company, which engages in acquiring, owning, and managing single-tenant, industrial real estate assets. It offers industrial real estate operating platform to real estate ownership. The company was founded by Benjamin S. Butcher on July 21, 2010 and is headquartered in Boston, MA.