Stag Industrial, Inc. (NYSE:STAG) Plans $0.39 Quarterly Dividend

Stag Industrial, Inc. (NYSE:STAG) declared a quarterly dividend on Thursday, January 8th. Shareholders of record on Tuesday, March 31st will be given a dividend of 0.3875 per share by the real estate investment trust on Wednesday, April 15th. This represents a c) annualized dividend and a dividend yield of 4.1%. The ex-dividend date is Tuesday, March 31st.

Stag Industrial has increased its dividend by an average of 0.0%annually over the last three years and has increased its dividend annually for the last 7 consecutive years. Stag Industrial has a payout ratio of 146.1% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research 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

Stag Industrial stock opened at $37.93 on Friday. The company’s 50-day moving average price is $38.17 and its 200-day moving average price is $36.83. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.89. The company has a market cap of $7.08 billion, a PE ratio of 29.18 and a beta of 1.06. Stag Industrial has a twelve month low of $28.61 and a twelve month high of $39.73.

Stag Industrial (NYSE:STAG) last released its quarterly earnings results on Wednesday, October 29th. The real estate investment trust reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.02. The company had revenue of $211.12 million for the quarter, compared to analyst estimates of $210.26 million. Stag Industrial had a return on equity of 6.84% and a net margin of 29.24%.Stag Industrial’s quarterly revenue was up 10.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.60 EPS. On average, equities research analysts forecast that Stag Industrial will post 2.47 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have commented on the company. Weiss Ratings restated a “buy (b)” rating on shares of Stag Industrial in a report on Monday, December 22nd. Royal Bank Of Canada increased their price target on Stag Industrial from $38.00 to $42.00 and gave the stock a “sector perform” rating in a research report on Thursday, November 6th. Evercore ISI raised their price target on Stag Industrial from $41.00 to $42.00 and gave the company an “outperform” rating in a research note on Friday, October 31st. Robert W. Baird upped their price objective on shares of Stag Industrial from $38.00 to $39.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 4th. Finally, Cantor Fitzgerald began coverage on shares of Stag Industrial in a report on Wednesday, October 1st. They set a “neutral” rating and a $37.00 target price on the stock. Three research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $38.89.

Stag Industrial Company Profile

Stag Industrial, Inc is a real estate investment trust (REIT) that specializes in the acquisition, ownership and operation of single-tenant industrial properties throughout the United States. The company’s portfolio is focused on free-standing warehouses, distribution centers and light manufacturing facilities designed to meet the logistical needs of a diverse tenant base. By concentrating on properties with straightforward layouts and minimal common-area maintenance, Stag Industrial seeks to deliver stable rental income and attractive risk-adjusted returns for its shareholders.

Since its founding in 2010 and initial public offering in 2011, Stag Industrial has pursued a disciplined investment strategy centered on high-quality, well-located assets.