Latest news with #STAG
BBC News
5 days ago
- General
- BBC News
Hebburn's Durham Court demolition decision to be re-examined
A decision to demolish an 18-storey tower block and rehouse its elderly residents is to be re-examined next Tyneside Council's Labour cabinet recently unanimously agreed plans for the future of Durham Court, the last remaining residential high-rise building in block, built in 1974, was deemed to have outlived its "original intended lifespan" of 50 years and that carrying out repairs costing an estimated £12m were not worth it. But the decision to tear it down will now go before a council scrutiny committee on 9 June after concerns were raised. This means a public meeting of the panel will be held to decide whether the move should be referred back to the cabinet for request for the call-in was recently signed by opposing councillors from across the political board, including South Tyneside Alliance Group (STAG) representatives, independents and one Green Group councillor. STAG's Andrew Guy said the demolition would be an "appalling mistake". "This is about proper accountability," he told the Local Democracy Reporting Service. "Decisions of this scale shouldn't be signed off without full and open consideration of the long-term impact on residents, services and public investment."It was previously revealed that if the demolition goes ahead residents would face the upheaval of being rehoused over a possible five-year period. However, the Labour-led local authority has promised tenants it will find new homes for them in in May, council leader Tracey Dixon said: "We will ensure right from the very beginning that the tenants will be given the homes of their choice."It's all about giving them priority."We know Durham Court is their family home, so we're here to support them and make sure they lead healthy and happy lives." Follow BBC Tees on X, Facebook, Nextdoor and Instagram.
Yahoo
28-05-2025
- Business
- Yahoo
Positive Momentum Ahead for STAG, According to Jefferies
With earnings season mostly wrapped up, Jefferies has pointed to a few standout companies that appear well-positioned for the road ahead. Among those is STAG Industrial, Inc. (NYSE:STAG), which the firm recently highlighted as one of several buy-rated stocks that beat earnings expectations and offered strong guidance. STAG Industrial, Inc. (NYSE:STAG) currently offers a dividend yield of 4.21% and has risen by over 7.5% so far this year. The real estate investment trust owns a broad mix of industrial real estate, including warehouses and light manufacturing properties. Based on Tuesday's closing price, Jefferies believes the stock has about 29% upside to its $45 price target. In the first quarter, STAG Industrial, Inc. (NYSE:STAG) reported core funds from operations of $0.61 per share, slightly ahead of the $0.60 estimate from FactSet. Revenue reached $205.6 million, also beating the analyst consensus of $201.1 million. Analyst Jonathan Petersen noted a 27.3% increase in cash-leasing spreads, which measure the difference in rent from new and renewed leases compared to those that expired. He made the following comment: "We expect leasing spreads will continue to trend positively vs coastal peers over the next few years driven by demand related to onshoring of manufacturing and supply chain reconfiguration." STAG Industrial, Inc. (NYSE:STAG) is a solid dividend payer that offers monthly dividends to shareholders. The company has kept its dividend steady since 2011. While we acknowledge the potential of STAG as an investment, our conviction lies in the belief that some deeply undervalued dividend stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for a deeply undervalued dividend stock that is more promising than STAG but that trades at 10 times its earnings and grows its earnings at double digit rates annually, check out our report about the . READ MORE: and Disclosure. None. Sign in to access your portfolio
Yahoo
28-05-2025
- Business
- Yahoo
Positive Momentum Ahead for STAG, According to Jefferies
With earnings season mostly wrapped up, Jefferies has pointed to a few standout companies that appear well-positioned for the road ahead. Among those is STAG Industrial, Inc. (NYSE:STAG), which the firm recently highlighted as one of several buy-rated stocks that beat earnings expectations and offered strong guidance. STAG Industrial, Inc. (NYSE:STAG) currently offers a dividend yield of 4.21% and has risen by over 7.5% so far this year. The real estate investment trust owns a broad mix of industrial real estate, including warehouses and light manufacturing properties. Based on Tuesday's closing price, Jefferies believes the stock has about 29% upside to its $45 price target. In the first quarter, STAG Industrial, Inc. (NYSE:STAG) reported core funds from operations of $0.61 per share, slightly ahead of the $0.60 estimate from FactSet. Revenue reached $205.6 million, also beating the analyst consensus of $201.1 million. Analyst Jonathan Petersen noted a 27.3% increase in cash-leasing spreads, which measure the difference in rent from new and renewed leases compared to those that expired. He made the following comment: "We expect leasing spreads will continue to trend positively vs coastal peers over the next few years driven by demand related to onshoring of manufacturing and supply chain reconfiguration." STAG Industrial, Inc. (NYSE:STAG) is a solid dividend payer that offers monthly dividends to shareholders. The company has kept its dividend steady since 2011. While we acknowledge the potential of STAG as an investment, our conviction lies in the belief that some deeply undervalued dividend stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for a deeply undervalued dividend stock that is more promising than STAG but that trades at 10 times its earnings and grows its earnings at double digit rates annually, check out our report about the . READ MORE: and Disclosure. None.
Yahoo
27-05-2025
- Business
- Yahoo
Barclays Maintains Hold Rating on STAG Industrial (STAG) Stock
In a report released on May 27, Brendan Lynch from Barclays maintained a Hold rating on STAG Industrial, Inc. (NYSE:STAG) with a price target of $37.00. The rating followed the company's fiscal Q1 2025 results, which reported $0.49 in net income per basic and diluted common share, compared to $0.20 in the same quarter last year. Net income for the quarter came up to $91.3 million compared to $36.6 million in fiscal Q1 2024. Aerial view of a large industrial property, with its single-tenant structure. Management reported that it was too early to quantify the potential impact of tariffs on the business and that it is witnessing some lengthening in lease gestation periods due to macroeconomic events. STAG Industrial, Inc. (NYSE:STAG) is a real estate investment company that acquires, owns, and manages industrial real estate assets. While we acknowledge the potential of STAG as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than STAG and that has 100x upside potential, check out our report about the . READ NEXT: and . Disclosure: None.
Yahoo
17-02-2025
- Business
- Yahoo
Better Monthly Dividend Stock: EPR Properties vs. STAG Industrial
Dividend investors are often looking for income to replace a salary in retirement. Buying companies that pay dividends monthly is a great solution, as monthly dividends are as close to a paycheck as you can probably get on Wall Street. But is it worth reaching for yield with a stock like EPR Properties (NYSE: EPR), which has a 7.1% dividend yield? Or is it better to play it safe with the 4.3% yield that is on offer from fellow real estate investment trust (REIT) STAG Industrial (NYSE: STAG)? EPR Properties used to be known as Entertainment Properties Trust, which better illuminates the types of properties the REIT owns. Essentially, EPR invests in assets that are meant to bring consumers together into group settings. That includes places like amusement parks, movie theaters, and ski resorts, among many other types of properties. This unique focus is expected to help protect EPR's business from the ongoing transition toward digital life, notably on the retail side of the equation. That said, bringing consumers together into group settings was a terrible focus to have during the coronavirus pandemic. Such businesses were often shut down because they weren't considered necessities. EPR suspended its dividend for about a year to ensure it had enough liquidity to survive and help its customers survive through the pandemic. The dividend is now back, at a lower level, and growing again. So it did indeed survive, but it is still trying to work itself back into fighting shape. The big story here is that just over a third of the REIT's rent roll is tied to movie theaters. That business is weaker today than it was prior to the pandemic, with a rent coverage ratio of 1.5x compared to 1.7x in 2019. That said, the rest of EPR's business is stronger, with rent coverage of 2.6x compared to 2.0x in 2019. And, notably, management has been actively reducing its exposure to movie theaters. In other words, it looks like overall, EPR is moving in the right direction. But there's a cost. Adjusted funds from operations (FFO) fell year over year through the first nine months of 2024 and will likely be notably lower for the full year. Even though the adjusted FFO payout ratio was a solid 66% in the third quarter, leaving ample room to deal with adversity, it seems that investors aren't pleased with the turnaround that is taking shape, given the high yield on offer here. STAG is a bit more boring. The REIT buys industrial assets and uses a net lease approach, which means its tenants pay for most property-level operating costs. The industrial assets it buys tend to be vital to the businesses that occupy them, and include properties like manufacturing and distribution facilities. Although as it has grown STAG has reached into larger markets, it has a penchant for buying in second-tier markets where competition is lower and it has advantages over what competition there is, which is often smaller landlords. STAG is a relatively young REIT, but at this point, it has increased its dividend annually for over a decade. The pace of dividend growth has been slow, with a 10-year annualized growth rate of just under 2%. But that, in the end, is better than what investors wound up with if they had bought EPR Properties and suffered through the dividend suspension. Still, slow and steady, perhaps tortoise-like, is the story that backs an investment in STAG. It won't excite you, but it should keep paying you to stick around. If you need to ensure you have a reliable income stream to pay your bills, you will probably be better off going with STAG. Yes, it means you'll get less income. But the business has proven to be more consistent over time, and the portfolio isn't troublingly overweight in a risky property type. Indeed, only more aggressive investors will want to venture into EPR to collect its higher yield. That said, EPR is doing the right things to turn its business around, even though it isn't done with that turnaround yet. If you can accept the risk that this poses to your income stream, it might be worth it. But that's only true if you recognize that EPR's portfolio is still a work in progress, and that you'll need to monitor the REIT very closely. Ever feel like you missed the boat in buying the most successful stocks? Then you'll want to hear this. On rare occasions, our expert team of analysts issues a 'Double Down' stock recommendation for companies that they think are about to pop. If you're worried you've already missed your chance to invest, now is the best time to buy before it's too late. And the numbers speak for themselves: Nvidia: if you invested $1,000 when we doubled down in 2009, you'd have $360,040!* Apple: if you invested $1,000 when we doubled down in 2008, you'd have $46,374!* Netflix: if you invested $1,000 when we doubled down in 2004, you'd have $570,894!* Right now, we're issuing 'Double Down' alerts for three incredible companies, and there may not be another chance like this anytime soon.*Stock Advisor returns as of February 3, 2025 Reuben Gregg Brewer has no position in any of the stocks mentioned. The Motley Fool recommends EPR Properties and Stag Industrial. The Motley Fool has a disclosure policy. Better Monthly Dividend Stock: EPR Properties vs. STAG Industrial was originally published by The Motley Fool Sign in to access your portfolio
