Media headlines about Stag Industrial (NYSE:STAG) have been trending somewhat positive this week, according to Accern. Accern rates the sentiment of media coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Stag Industrial earned a news impact score of 0.19 on Accern’s scale. Accern also gave press coverage about the real estate investment trust an impact score of 45.8550789378839 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Shares of Stag Industrial (NYSE:STAG) opened at 28.02 on Wednesday. The stock has a 50 day moving average price of $28.01 and a 200-day moving average price of $27.15. Stag Industrial has a 52 week low of $21.21 and a 52 week high of $28.95. The firm has a market capitalization of $2.58 billion, a price-to-earnings ratio of 104.55 and a beta of 1.19.
Stag Industrial (NYSE:STAG) last released its quarterly earnings results on Tuesday, August 1st. The real estate investment trust reported $0.41 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.41. The business had revenue of $72.20 million for the quarter, compared to analysts’ expectations of $71.44 million. Stag Industrial had a return on equity of 3.97% and a net margin of 12.22%. The company’s revenue was up 19.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.38 EPS. On average, analysts anticipate that Stag Industrial will post ($0.01) EPS for the current year.
The business also recently announced a monthly dividend, which will be paid on Friday, December 15th. Shareholders of record on Thursday, November 30th will be issued a dividend of $0.1175 per share. This represents a $1.41 dividend on an annualized basis and a yield of 5.03%. The ex-dividend date of this dividend is Wednesday, November 29th. Stag Industrial’s dividend payout ratio (DPR) is presently 503.57%.
Several analysts have commented on STAG shares. ValuEngine raised Stag Industrial from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Jefferies Group LLC reissued a “buy” rating and issued a $32.00 price objective (up from $30.00) on shares of Stag Industrial in a report on Sunday, June 25th. Raymond James Financial, Inc. raised their price objective on Stag Industrial from $27.50 to $28.50 and gave the company an “outperform” rating in a report on Wednesday, August 9th. UBS AG raised Stag Industrial from a “sell” rating to a “neutral” rating and raised their price objective for the company from $21.00 to $28.00 in a report on Friday, September 8th. Finally, BidaskClub lowered Stag Industrial from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 20th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the company. Stag Industrial currently has a consensus rating of “Buy” and a consensus price target of $27.64.
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In other Stag Industrial news, EVP Peter S. Fearey sold 1,033 shares of the stock in a transaction on Friday, September 8th. The stock was sold at an average price of $28.71, for a total transaction of $29,657.43. Following the sale, the executive vice president now owns 2,506 shares in the company, valued at approximately $71,947.26. The sale was disclosed in a legal filing with the SEC, which is available through this link. 2.00% of the stock is currently owned by corporate insiders.
Stag Industrial Company Profile
STAG Industrial, Inc is a real estate investment trust. The Company is focused on the acquisition, ownership, and operation of single-tenant, industrial properties across the United States. As of December 31, 2016, the Company owned 314 buildings in 37 states with approximately 60.9 million rentable square feet, consisting of 243 warehouse/distribution buildings, 54 light manufacturing buildings, 16 flex/office buildings, and one building in redevelopment.
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