STAG Industrial (NYSE:STAG) Releases Quarterly Earnings Results, Beats Estimates By $0.43 EPS

STAG Industrial (NYSE:STAG - Get Free Report) announced its quarterly earnings data on Wednesday. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.43, Zacks reports. STAG Industrial had a return on equity of 5.27% and a net margin of 23.94%.

STAG Industrial Stock Down 0.8 %

STAG Industrial stock traded down $0.29 during midday trading on Friday, hitting $35.07. 1,606,316 shares of the stock were exchanged, compared to its average volume of 1,258,632. STAG Industrial has a 52-week low of $32.27 and a 52-week high of $41.63. The stock has a market capitalization of $6.39 billion, a price-to-earnings ratio of 35.42 and a beta of 1.09. The business's 50-day moving average price is $34.32 and its 200-day moving average price is $36.94. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.87.

STAG Industrial Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a dividend of $0.1242 per share. This represents a $1.49 annualized dividend and a dividend yield of 4.25%. The ex-dividend date is Monday, March 31st. STAG Industrial's payout ratio is presently 150.51%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Barclays lowered their price target on STAG Industrial from $40.00 to $37.00 and set an "equal weight" rating on the stock in a research report on Tuesday, January 28th. Wells Fargo & Company lowered their price target on shares of STAG Industrial from $41.00 to $38.00 and set an "equal weight" rating for the company in a report on Monday, November 4th. Raymond James lifted their target price on shares of STAG Industrial from $39.00 to $40.00 and gave the stock an "outperform" rating in a report on Wednesday, December 11th. Finally, Royal Bank of Canada decreased their price target on shares of STAG Industrial from $40.00 to $38.00 and set a "sector perform" rating for the company in a report on Monday, January 27th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, STAG Industrial has a consensus rating of "Moderate Buy" and an average price target of $40.38.

About STAG Industrial

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.