STAG Industrial, Inc. (NYSE:STAG) Declares Dividend Increase – $0.12 Per Share

STAG Industrial, Inc. (NYSE:STAG) announced a dividend on Friday, February 21st, investing.com reports. Stockholders of record on Monday, March 3rd will be given a dividend of 0.1242 per share by the real estate investment trust on Monday, March 17th. This represents a dividend yield of 4.25%. The ex-dividend date is Friday, February 28th. This is a boost from STAG Industrial’s previous dividend of $0.12.

STAG Industrial has raised its dividend by an average of 0.7% per year over the last three years. STAG Industrial has a payout ratio of 158.5% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. 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 Price Performance

Shares of NYSE STAG opened at $35.44 on Friday. STAG Industrial has a twelve month low of $32.27 and a twelve month high of $41.63. The company has a market cap of $6.61 billion, a PE ratio of 34.08 and a beta of 1.09. The business’s 50 day moving average price is $34.24 and its two-hundred day moving average price is $36.84. 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 (NYSE:STAG) last released its quarterly earnings results on Wednesday, February 12th. The real estate investment trust reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.43. STAG Industrial had a net margin of 24.64% and a return on equity of 5.51%. On average, analysts predict that STAG Industrial will post 2.47 EPS for the current year.

Analyst Upgrades and Downgrades

STAG has been the subject of several recent research reports. Barclays cut their price target on STAG Industrial from $40.00 to $37.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 28th. Wells Fargo & Company reduced their target price on STAG Industrial from $41.00 to $38.00 and set an “equal weight” rating for the company in a research note on Monday, November 4th. Raymond James upped their price target on STAG Industrial from $39.00 to $40.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 11th. Finally, Royal Bank of Canada decreased 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 research note on Monday, January 27th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $40.38.

Insider Transactions at STAG Industrial

In other STAG Industrial news, Director Benjamin S. Butcher sold 50,000 shares of the business’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $35.10, for a total value of $1,755,000.00. Following the transaction, the director now directly owns 9,632 shares in the company, valued at $338,083.20. The trade was a 83.85 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.10% of the company’s stock.

About STAG Industrial

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.