Stag Industrial (NYSE:STAG) Posts Earnings Results, Beats Expectations By $0.10 EPS

Key Points

• Stag Industrial exceeded quarterly expectations, reporting earnings of $0.37 per share versus the $0.27 consensus estimate. Revenue reached $231.05 million, also surpassing forecasts of $227.16 million.
• Shares fell 0.5% to $36.13 following the results, trading near the lower end of their 12-month range of $35.14 to $42.61.
• Analyst sentiment remains mixed, with the stock holding a consensus “Hold” rating and an average price target of $41.11.

Stag Industrial (NYSE:STAG - Get Free Report) posted its quarterly earnings results on Tuesday. The real estate investment trust reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.10, FiscalAI reports. Stag Industrial had a return on equity of 6.79% and a net margin of 28.04%. The company had revenue of $231.05 million for the quarter, compared to the consensus estimate of $227.16 million.

Stag Industrial Stock Down 0.5%

STAG traded down $0.17 during trading on Tuesday, hitting $36.13. 1,679,391 shares of the company's stock traded hands, compared to its average volume of 1,469,141. The company's 50 day simple moving average is $36.72 and its two-hundred day simple moving average is $37.90. The company has a current ratio of 1.76, a quick ratio of 1.76 and a debt-to-equity ratio of 0.93. Stag Industrial has a 12-month low of $35.14 and a 12-month high of $42.61. The stock has a market capitalization of $6.97 billion, a price-to-earnings ratio of 27.79 and a beta of 0.95.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Robert W. Baird upgraded Stag Industrial from a "neutral" rating to an "outperform" rating and set a $42.00 price objective for the company in a research note on Monday, August 31st. Evercore reissued an "outperform" rating on shares of Stag Industrial in a research note on Monday, September 14th. Barclays raised their price target on Stag Industrial from $38.00 to $41.00 and gave the company an "underweight" rating in a report on Thursday, July 16th. Wall Street Zen upgraded Stag Industrial from a "sell" rating to a "hold" rating in a report on Saturday, September 5th. Finally, Weiss Ratings lowered Stag Industrial from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Friday, September 25th. Three equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $41.11.

About Stag Industrial

STAG Industrial, Inc is a real estate investment trust (REIT) that owns, operates and acquires industrial properties throughout the United States. The company focuses primarily on single-tenant properties, which it leases to businesses for uses such as warehousing, distribution, manufacturing and logistics.

Its portfolio includes a range of industrial facilities serving tenants across diverse industries and geographic markets. STAG Industrial's business activities include property acquisition, leasing, management and development, with an emphasis on facilities that support supply-chain and operating requirements.

Founded in 2010 and headquartered in Boston, Massachusetts, STAG Industrial became a publicly traded company in 2011.

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