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 STAG Industrial to post earnings of $0.59 per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

STAG Industrial Trading Down 2.0 %

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

STAG Industrial Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a dividend of $0.1233 per share. The ex-dividend date is Tuesday, December 31st. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.99%. STAG Industrial’s dividend payout ratio is 142.31%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Wells Fargo & Company increased their price objective on STAG Industrial from $37.00 to $41.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 28th. Barclays raised their price target on shares of STAG Industrial from $38.00 to $42.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 14th. Wedbush upped 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. Finally, Evercore ISI lifted their target price on shares of STAG Industrial from $43.00 to $44.00 and gave the company an “outperform” rating in a research note on Wednesday, August 28th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $41.22.

Insiders Place Their Bets

In other STAG Industrial news, Director Benjamin S. Butcher sold 34,000 shares of the 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 transaction, the director now directly owns 8,758 shares of the company’s stock, valued at $357,151.24. This represents 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. Insiders own 1.10% of the company’s stock.

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.