STAG Industrial, Inc. (NYSE:STAG) to Issue Monthly Dividend of $0.12

STAG Industrial, Inc. (NYSE:STAG) declared a monthly dividend on Friday, April 11th, Wall Street Journal reports. Investors of record on Monday, June 30th will be given a dividend of 0.1242 per share by the real estate investment trust on Tuesday, July 15th. This represents a $1.49 dividend on an annualized basis and a yield of 4.75%. The ex-dividend date is Monday, June 30th.

STAG Industrial has increased its dividend payment by an average of 0.7% annually over the last three years. STAG Industrial has a payout ratio of 147.5% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect STAG Industrial to earn $2.63 per share next year, which means the company should continue to be able to cover its $1.49 annual dividend with an expected future payout ratio of 56.7%.

STAG Industrial Stock Performance

Shares of NYSE:STAG opened at $31.39 on Friday. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.86. STAG Industrial has a 12-month low of $28.61 and a 12-month high of $41.63. The company’s 50 day moving average price is $34.83 and its two-hundred day moving average price is $35.54. The firm has a market cap of $5.86 billion, a PE ratio of 30.18 and a beta of 0.96.

STAG Industrial (NYSE:STAG) last released its earnings results on Wednesday, February 12th. The real estate investment trust reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.43. STAG Industrial had a return on equity of 5.51% and a net margin of 24.64%. Equities research analysts predict that STAG Industrial will post 2.47 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Benjamin S. Butcher sold 50,000 shares of STAG Industrial stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $35.10, for a total transaction of $1,755,000.00. Following the sale, the director now directly owns 9,632 shares in the company, valued at $338,083.20. This trade represents a 83.85 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.10% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Royal Bank of Canada cut their price target on shares of STAG Industrial from $40.00 to $38.00 and set a “sector perform” rating for the company in a report on Monday, January 27th. Barclays decreased their price target on STAG Industrial from $40.00 to $37.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 28th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $40.14.

STAG Industrial Company Profile

STAG Industrial, Inc is a real estate investment company, which engages in acquiring, owning, and managing single-tenant, industrial real estate assets. It offers industrial real estate operating platform to real estate ownership. The company was founded by Benjamin S. Butcher on July 21, 2010 and is headquartered in Boston, MA.