Stag Industrial Inc (STAG) reported quarterly earnings results on Tuesday, May-3-2016. The company reported $0.39 EPS for the quarter. Analysts had a consensus estimate of $0.39. The company posted revenue of $60.87 million in the period, compared to analysts expectations of $58.68 million. The company’s revenue was up 19.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.35 EPS.
Many Wall Street Analysts have commented on Stag Industrial Inc. Stag Industrial Inc was Downgraded by BofA/Merrill to ” Underperform” on Mar 11, 2016. Stag Industrial Inc was Upgraded by CapitalOne to ” Overweight” on Mar 2, 2016. Shares were Upgraded by BB&T Capital Mkts on Feb 26, 2016 to ” Hold” and Lowered the Price Target to $ 19.50 from a previous price target of $20.50 .
Stag Industrial Inc opened for trading at $20.02 and hit $20.325 on the upside on Monday, eventually ending the session at $20.28, with a gain of 1.60% or 0.32 points. The heightened volatility saw the trading volume jump to 3,10,788 shares. Company has a market cap of $1,383 M.
In a different news, on Dec 16, 2015, Benjamin S Butcher (CEO) purchased 10,000 shares at $18.68 per share price. According to the SEC, on Oct 8, 2015, Stephen C Mecke (COO and EVP) sold 2,000 shares at $19.00 per share price. On Sep 22, 2015, Larry T Guillemette (director) purchased 7,500 shares at $18.06 per share price, according to the Form-4 filing with the securities and exchange commission.
STAG Industrial Inc. is focused on the acquisition and operation of single-tenant industrial properties throughout the United States. As of December 31 2014 The Company owned 248 buildings in 36 states with approximately 47.0 million rentable square feet consisting of 178 warehouse/distribution buildings 50 light manufacturing buildings and 20 flex/office buildings. The Company owns two developable vacant land parcels adjacent to two of its buildings. As of December 31 2014 its buildings were 94.9% leased to 227 tenants with no single tenant accounting for more than 2.3% of its total annualized rent and no single industry accounting for more than 12.1% of its total annualized rent.