Stag Industrial, Inc. (NYSE:STAG) is reporting second quarter financial results on Tuesday 28th July 2020, after market close.
According to analysts surveyed by Thomson Reuters, STAG is expected to report 2Q20 income of $ 0.10 per share from revenue of $ 117.40 million.
For the full year, analysts anticipate top line of $ 473.28 million, while looking forward to income of $ 0.53 per share bottom line.
Previous Quarter Performance
Stag Industrial, Inc. communicated income for the first quarter of $ 0.47 per share, from the revenue of $ 118.34 million. The quarterly earnings hiked 840.00 percent while revenues surged 23.66 percent compared with the same quarter last year.
Wall street analysts are predicting, STAG to report 1Q20 income of $ 0.10 per share from revenue of $ 116.09 million. The bottom line results beat street analysts by $ 0.37 or 370.00 percent, at the same time, top line results outshined analysts by $ 2.25 million or 1.94 percent.
Historical Earnings Performance
wpDataChart with provided ID not found! wpDataTable with provided ID not found!Click Here For More Historical Earnings Of Stag Industrial, Inc.
Stock Performance
According to the previous trading day, closing price of STAG was $ 31.51, representing a 79.65 % increase from the 52 week low of $ 17.54 and a 5.88 % decrease over the 52 week high of $ 33.48.
The company has a market capital of $ 4.69 billion and is part of the Real Estate sector and REIT – Industrial industry.
[stock_market_widget type=”chart” template=”basic” color=”orange” assets=”STAG” range=”1y” interval=”1mo” axes=”true” cursor=”true” api=”yf” style=”height: 400px;”]
Recent Analyst recommendations
- On 15th July 2020, maintained by Raymond James at Outperform rating, with $ 32.00 target price.
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.
