Stag Industrial (NYSE:STAG) Posts Quarterly Earnings Results, Beats Estimates By $0.09 EPS

Key Points

• Quarterly beat: Stag Industrial reported $0.32 EPS, beating estimates by $0.09 and posting $224.21M in revenue (up 9% YoY), although EPS declined from $0.61 a year earlier.
• Insider selling: Insiders — including the CEO and an EVP — sold 136,974 shares worth about $5.35M in the quarter, leaving insiders with roughly 1.10% ownership.
• Market and analyst view: The stock trades near its 52‑week high (~$39.56) with a $7.56B market cap and 27.1x P/E, and analysts hold a consensus "Hold" rating with an average price target of $39.50.

Stag Industrial (NYSE:STAG - Get Free Report) issued its quarterly earnings data on Tuesday. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.23 by $0.09, FiscalAI reports. Stag Industrial had a return on equity of 7.68% and a net margin of 32.35%.The business had revenue of $224.21 million during the quarter, compared to analyst estimates of $221.53 million. During the same period in the prior year, the company posted $0.61 EPS. The business's revenue for the quarter was up 9.0% compared to the same quarter last year.

Stag Industrial Stock Performance

Shares of NYSE STAG opened at $39.56 on Wednesday. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.89. The stock has a market capitalization of $7.56 billion, a price-to-earnings ratio of 27.10 and a beta of 1.04. The stock's fifty day simple moving average is $38.14 and its 200 day simple moving average is $38.09. Stag Industrial has a 52-week low of $31.79 and a 52-week high of $39.99.

Insider Activity at Stag Industrial

In other Stag Industrial news, EVP Matts Pinard sold 25,242 shares of the business's stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $39.18, for a total transaction of $988,981.56. Following the sale, the executive vice president owned 951 shares in the company, valued at approximately $37,260.18. The trade was a 96.37% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO William R. Crooker sold 93,732 shares of Stag Industrial stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $39.17, for a total transaction of $3,671,482.44. The disclosure for this sale is available in the SEC filing. Insiders sold 136,974 shares of company stock worth $5,345,904 in the last quarter. 1.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On Stag Industrial

A number of institutional investors have recently modified their holdings of STAG. Measured Wealth Private Client Group LLC acquired a new stake in Stag Industrial during the third quarter valued at $27,000. EverSource Wealth Advisors LLC increased its holdings in Stag Industrial by 270.1% in the second quarter. EverSource Wealth Advisors LLC now owns 1,436 shares of the real estate investment trust's stock worth $52,000 after buying an additional 1,048 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its position in Stag Industrial by 76.4% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 1,764 shares of the real estate investment trust's stock valued at $62,000 after acquiring an additional 764 shares in the last quarter. Empowered Funds LLC bought a new position in Stag Industrial during the fourth quarter valued at approximately $70,000. Finally, Advisors Asset Management Inc. lifted its stake in Stag Industrial by 160.4% in the fourth quarter. Advisors Asset Management Inc. now owns 1,919 shares of the real estate investment trust's stock valued at $71,000 after acquiring an additional 1,182 shares during the last quarter. Institutional investors and hedge funds own 88.67% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on STAG. iA Financial set a $39.00 price target on Stag Industrial in a research report on Tuesday, January 13th. Barclays reissued an "underweight" rating and set a $39.00 price target (down from $40.00) on shares of Stag Industrial in a report on Tuesday, January 13th. Evercore restated an "outperform" rating on shares of Stag Industrial in a research note on Friday, February 13th. JPMorgan Chase & Co. upped their price objective on shares of Stag Industrial from $39.00 to $40.00 and gave the stock a "neutral" rating in a report on Thursday, February 19th. Finally, Robert W. Baird set a $40.00 target price on shares of Stag Industrial in a research report on Tuesday, February 17th. Three research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, Stag Industrial currently has a consensus rating of "Hold" and an average price target of $39.50.

Stag Industrial Company Profile

Stag Industrial, Inc is a real estate investment trust (REIT) that specializes in the acquisition, ownership and operation of single-tenant industrial properties throughout the United States. The company's portfolio is focused on free-standing warehouses, distribution centers and light manufacturing facilities designed to meet the logistical needs of a diverse tenant base. By concentrating on properties with straightforward layouts and minimal common-area maintenance, Stag Industrial seeks to deliver stable rental income and attractive risk-adjusted returns for its shareholders.

Since its founding in 2010 and initial public offering in 2011, Stag Industrial has pursued a disciplined investment strategy centered on high-quality, well-located assets.