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

STAG Industrial, Inc. (NYSE:STAG - Get Free Report) declared a dividend on Saturday, May 24th, investing.com reports. Stockholders of record on Monday, June 2nd will be paid a dividend of 0.1242 per share by the real estate investment trust on Monday, June 16th. This represents a dividend yield of 4.37%. The ex-dividend date of this dividend is Friday, May 30th.

STAG Industrial has raised its dividend payment by an average of 0.7% per year over the last three years and has raised its dividend annually for the last 7 consecutive years. STAG Industrial has a dividend payout ratio of 143.3% 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 $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 traded up $0.28 during midday trading on Thursday, reaching $35.76. 572,629 shares of the company's stock traded hands, compared to its average volume of 1,229,475. The company has a market cap of $6.67 billion, a price-to-earnings ratio of 34.38 and a beta of 0.93. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.36 and a current ratio of 1.36. STAG Industrial has a one year low of $28.61 and a one year high of $41.63. The stock has a 50 day moving average of $33.73 and a 200 day moving average of $34.66.

STAG Industrial (NYSE:STAG - Get Free Report) last posted its earnings results on Tuesday, April 29th. The real estate investment trust reported $0.61 earnings per share for the quarter, beating analysts' consensus estimates of $0.60 by $0.01. STAG Industrial had a return on equity of 5.51% and a net margin of 24.64%. The company had revenue of $205.57 million for the quarter, compared to the consensus estimate of $202.04 million. During the same quarter in the prior year, the company earned $0.59 earnings per share. STAG Industrial's revenue was up 9.7% on a year-over-year basis. As a group, equities research analysts anticipate that STAG Industrial will post 2.47 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Raymond James increased their target price on STAG Industrial from $36.00 to $38.00 and gave the company an "outperform" rating in a report on Wednesday, May 7th. Robert W. Baird lowered their target price on STAG Industrial from $39.00 to $38.00 and set a "neutral" rating on the stock in a report on Wednesday, May 7th. Finally, Royal Bank of Canada reissued a "sector perform" rating and issued a $38.00 target price on shares of STAG Industrial in a report on Monday, May 19th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $39.63.

Institutional Investors Weigh In On STAG Industrial

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Empowered Funds LLC purchased a new position in shares of STAG Industrial in the 1st quarter valued at $229,000. NewEdge Advisors LLC increased its holdings in shares of STAG Industrial by 17.6% in the 1st quarter. NewEdge Advisors LLC now owns 9,952 shares of the real estate investment trust's stock valued at $359,000 after acquiring an additional 1,491 shares during the period. Finally, Goldman Sachs Group Inc. increased its holdings in shares of STAG Industrial by 37.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,671,949 shares of the real estate investment trust's stock valued at $60,391,000 after acquiring an additional 451,355 shares during the period. 88.67% of the stock is owned by institutional investors.

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.