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

Stag Industrial, Inc. (NYSE:STAG - Get Free Report) declared a dividend on Friday, July 18th, investing.com reports. Stockholders of record on Friday, August 1st will be given a dividend of 0.1242 per share by the real estate investment trust on Friday, August 15th. This represents a dividend yield of 4.22%. The ex-dividend date of this dividend is Thursday, July 31st.

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. 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 stock traded up $0.02 on Monday, reaching $35.66. 925,453 shares of the company were exchanged, compared to its average volume of 1,281,199. Stag Industrial has a 12 month low of $28.61 and a 12 month high of $41.63. The stock's fifty day moving average price is $35.95 and its 200 day moving average price is $34.82. The firm has a market capitalization of $6.65 billion, a PE ratio of 14.67 and a beta of 0.93. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.25 and a quick ratio of 1.25.

Stag Industrial (NYSE:STAG - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The real estate investment trust reported $0.61 earnings per share for the quarter, topping analysts' consensus estimates of $0.60 by $0.01. Stag Industrial had a net margin of 31.05% and a return on equity of 7.04%. The firm had revenue of $205.57 million for the quarter, compared to the consensus estimate of $202.04 million. During the same quarter in the previous year, the company earned $0.59 earnings per share. The business's revenue was up 9.7% compared to the same quarter last year. On average, research analysts anticipate that Stag Industrial will post 2.47 EPS for the current fiscal year.

Insider Transactions at Stag Industrial

In other Stag Industrial news, Director Benjamin S. Butcher sold 28,843 shares of the company's stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $36.90, for a total transaction of $1,064,306.70. Following the completion of the transaction, the director owned 7,115 shares of the company's stock, valued at $262,543.50. This represents a 80.21% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 1.10% of the company's stock.

Institutional Investors Weigh In On Stag Industrial

A number of large investors have recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. increased its position in shares of Stag Industrial by 37.0% in the first quarter. Goldman Sachs Group Inc. now owns 1,671,949 shares of the real estate investment trust's stock worth $60,391,000 after purchasing an additional 451,355 shares during the period. Empowered Funds LLC bought a new position in shares of Stag Industrial in the first quarter worth $229,000. Finally, NewEdge Advisors LLC increased its position in shares of Stag Industrial by 17.6% in the first quarter. NewEdge Advisors LLC now owns 9,952 shares of the real estate investment trust's stock worth $359,000 after purchasing an additional 1,491 shares during the period. Institutional investors own 88.67% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on STAG. Robert W. Baird reduced their target price on shares of Stag Industrial from $39.00 to $38.00 and set a "neutral" rating on the stock in a research note on Wednesday, May 7th. Raymond James Financial boosted their target price on shares of Stag Industrial from $36.00 to $38.00 and gave the company an "outperform" rating in a research note on Wednesday, May 7th. Finally, Royal Bank Of Canada reiterated a "sector perform" rating and set a $38.00 price target on shares of Stag Industrial in a research report on Monday, May 19th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $39.71.

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.