Stag Industrial Inc Declares Monthly Dividend of $0.12 (NYSE:STAG)

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Stag Industrial Inc (NYSE:STAG) announced a monthly dividend on Monday, January 13th, Wall Street Journal reports. Investors of record on Tuesday, March 31st will be paid a dividend of 0.12 per share by the real estate investment trust on Wednesday, April 15th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 4.50%. The ex-dividend date is Monday, March 30th.

Stag Industrial has increased its dividend by an average of 1.0% annually over the last three years and has raised its dividend every year for the last 8 years. Stag Industrial has a payout ratio of 433.3% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Stag Industrial to earn $1.92 per share next year, which means the company should continue to be able to cover its $1.43 annual dividend with an expected future payout ratio of 74.5%.

Shares of STAG stock opened at $32.02 on Tuesday. Stag Industrial has a 52-week low of $25.96 and a 52-week high of $32.02. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.90 and a current ratio of 0.90. The firm has a market capitalization of $4.22 billion, a P/E ratio of 17.89, a P/E/G ratio of 4.12 and a beta of 0.86. The stock has a 50 day moving average price of $31.12 and a 200 day moving average price of $30.27.

Stag Industrial (NYSE:STAG) last issued its quarterly earnings results on Wednesday, October 30th. The real estate investment trust reported $0.07 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.46 by ($0.39). Stag Industrial had a return on equity of 4.35% and a net margin of 19.96%. The business had revenue of $102.42 million for the quarter, compared to the consensus estimate of $100.78 million. During the same period in the prior year, the business posted $0.45 earnings per share. Stag Industrial’s revenue was up 15.1% on a year-over-year basis. As a group, sell-side analysts forecast that Stag Industrial will post 1.82 EPS for the current year.

A number of equities research analysts recently issued reports on STAG shares. JPMorgan Chase & Co. raised Stag Industrial from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $33.00 to $34.00 in a research note on Wednesday, December 18th. Zacks Investment Research raised Stag Industrial from a “sell” rating to a “hold” rating in a research note on Friday, October 4th. Wells Fargo & Co raised Stag Industrial from a “market perform” rating to an “outperform” rating and set a $35.00 price target for the company in a research note on Tuesday, December 10th. Finally, Royal Bank of Canada raised Stag Industrial from an “outperform” rating to a “top pick” rating and raised their price target for the stock from $33.00 to $34.00 in a research note on Wednesday, December 18th. Four analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $32.83.

In other Stag Industrial news, CFO William R. Crooker sold 26,952 shares of the firm’s stock in a transaction on Wednesday, January 8th. The stock was sold at an average price of $31.32, for a total transaction of $844,136.64. Following the transaction, the chief financial officer now directly owns 20,131 shares in the company, valued at approximately $630,502.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director David G. King sold 30,000 shares of the firm’s stock in a transaction on Wednesday, January 8th. The stock was sold at an average price of $31.32, for a total value of $939,600.00. Following the transaction, the director now owns 509 shares in the company, valued at $15,941.88. The disclosure for this sale can be found here. Insiders have sold a total of 203,231 shares of company stock worth $6,365,195 over the last 90 days. 1.50% of the stock is currently owned by company insiders.

Stag Industrial Company Profile

STAG Industrial, Inc is an industrial real estate operating company focused on the acquisition, ownership, 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.

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Dividend History for Stag Industrial (NYSE:STAG)

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