News stories about Stag Industrial (NYSE:STAG) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group ranks the sentiment of media coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Stag Industrial earned a coverage optimism score of 0.20 on Accern’s scale. Accern also gave media stories about the real estate investment trust an impact score of 45.1272749150048 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the media stories that may have effected Accern Sentiment Analysis’s rankings:
- Bridge Creek Capital Management LLC Buys Stag Industrial Inc, BHP Billiton PLC, Henry Schein Inc, Sells Asia Tigers … – GuruFocus.com (gurufocus.com)
- Brokers Offer Predictions for Stag Industrial Inc’s FY2018 Earnings (STAG) (americanbankingnews.com)
- STAG Industrial Joins Other Leading Industrial REITs in Conforming Certain Non-GAAP Operating Metrics (finance.yahoo.com)
- Form 4 STAG Industrial, Inc. For: Jan 16 Filed by: Jacoby Francis X III (streetinsider.com)
Several research analysts have recently issued reports on the company. TheStreet upgraded Stag Industrial from a “c” rating to a “b-” rating in a research report on Tuesday, November 14th. Ladenburg Thalmann Financial Services restated a “buy” rating on shares of Stag Industrial in a research report on Friday, November 3rd. BidaskClub upgraded Stag Industrial from a “strong sell” rating to a “sell” rating in a research report on Saturday, November 4th. JPMorgan Chase & Co. upgraded Stag Industrial from a “neutral” rating to an “overweight” rating and set a $30.00 price target on the stock in a research report on Friday, December 15th. Finally, Jefferies Group restated a “buy” rating and issued a $32.00 price target on shares of Stag Industrial in a research report on Tuesday, September 26th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $28.50.
Stag Industrial (NYSE:STAG) last issued its quarterly earnings data on Thursday, November 2nd. The real estate investment trust reported $0.43 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.01. The business had revenue of $78.14 million for the quarter, compared to the consensus estimate of $76.17 million. Stag Industrial had a return on equity of 5.72% and a net margin of 18.96%. The firm’s revenue was up 24.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.40 EPS. research analysts anticipate that Stag Industrial will post 1.68 earnings per share for the current fiscal year.
The firm also recently disclosed a monthly dividend, which will be paid on Thursday, March 15th. Investors of record on Wednesday, February 28th will be paid a dividend of $0.1183 per share. This represents a $1.42 annualized dividend and a yield of 5.59%. The ex-dividend date of this dividend is Tuesday, February 27th. Stag Industrial’s payout ratio is presently 261.12%.
In other Stag Industrial news, CFO William R. Crooker sold 31,889 shares of Stag Industrial stock in a transaction dated Friday, January 5th. The stock was sold at an average price of $26.41, for a total value of $842,188.49. Following the sale, the chief financial officer now owns 46,493 shares of the company’s stock, valued at approximately $1,227,880.13. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Stephen C. Mecke sold 30,000 shares of Stag Industrial stock in a transaction dated Friday, January 5th. The shares were sold at an average price of $26.41, for a total value of $792,300.00. Following the completion of the sale, the chief operating officer now directly owns 32,000 shares in the company, valued at approximately $845,120. The disclosure for this sale can be found here. Insiders have sold a total of 165,069 shares of company stock worth $4,359,472 in the last ninety days. 2.00% of the stock is currently owned by company insiders.
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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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