Stag Industrial, Inc. (NYSE:STAG) is expected to report third quarter earnings results, after market close, on Thursday 5th November 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 0.09 per share.
Looking ahead, the full year income are expected at $ 0.72 per share on the revenues of $ 471.65 million.
Previous Quarter Performance
Stag Industrial, Inc. came out with income for the second quarter of $ 0.47 per share, from the revenue of $ 117.47 million. The quarterly earnings raised 370.00 percent compared with the same quarter last year. Street analysts expected Stag Industrial, Inc. to report income of $ 0.10 per share on revenue of $ 117.40 million for the second quarter. The bottom line results beat street analysts by $ 0.37 or 370.00 percent, at the same time, top line results outshined analysts by $ 0.07 million or 0.06 percent.
Stock Performance
Shares of Stag Industrial, Inc. traded low $ -0.16 or -0.50 percent on Wednesday, reaching $ 32.16 with volume of 524.10 thousand shares. Stag Industrial, Inc. has traded high as $ 32.53 and has cracked $ 31.97 on the downward trend
The closing price of $ 32.16, representing a 84.26 % increase from the 52 week low of $ 17.54 and a 5.19 % decrease over the 52 week high of $ 34.09.
The company has a market capital of $ 4.80 billion and is part of the Real Estate sector and REIT – Industrial industry.
Recent Analyst recommendations
- On 23rd September 2020, downgraded by Robert W. Baird to Neutral from Outperform rating.
STAG Industrial, Inc. (the Company) is an industrial real estate operating company focused on the acquisition and operation of single-tenant, industrial properties throughout the United States. The Company was formed as a Maryland corporation and has elected to be treated and intends to continue to qualify as a real estate investment trust (REIT) under Sections 856 through 860 of the Internal Revenue Code of 1986, as amended.
