STAG Industrial (STAG) to Release Quarterly Earnings on Tuesday

STAG Industrial (NYSE:STAG - Get Free Report) will issue 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. Parties that are interested in participating in the company's conference call can do so using this link.

STAG Industrial Price Performance

Shares of STAG traded up $0.10 during midday trading on Tuesday, hitting $37.81. 739,311 shares of the company traded hands, compared to its average volume of 1,068,670. The stock has a 50-day moving average of $39.16 and a 200-day moving average of $37.44. STAG Industrial has a one year low of $31.69 and a one year high of $41.63. The firm has a market cap of $6.89 billion, a P/E ratio of 36.37 and a beta of 1.09. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.60 and a quick ratio of 1.60.

STAG Industrial Announces Dividend

The firm also recently disclosed 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. This represents a $1.48 annualized dividend and a dividend yield of 3.91%. The ex-dividend date of this dividend is Tuesday, December 31st. STAG Industrial's payout ratio is 142.31%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on STAG. Wedbush boosted their price objective on STAG Industrial from $44.00 to $45.00 and gave the stock an "outperform" rating in a report on Monday, August 5th. Evercore ISI boosted their price objective on STAG Industrial from $43.00 to $44.00 and gave the stock an "outperform" rating in a report on Wednesday, August 28th. Wells Fargo & Company boosted their price objective on STAG Industrial from $37.00 to $41.00 and gave the stock an "equal weight" rating in a report on Wednesday, August 28th. Finally, Barclays upped their target price on STAG Industrial from $38.00 to $42.00 and gave the stock an "equal weight" rating in a research note on Wednesday, August 14th. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $41.22.

Insider Buying and Selling at STAG Industrial

In other STAG Industrial news, Director Benjamin S. Butcher sold 34,000 shares of the business's stock in a transaction that occurred on 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 sale, the director now owns 8,758 shares in the company, 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 document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.10% of the company's stock.

About STAG Industrial

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.