STAG Industrial, Inc. (NYSE:STAG) Plans $0.12 Dividend

STAG Industrial, Inc. (NYSE:STAG - Get Free Report) declared a dividend on Saturday, May 24th, investing.com reports. Shareholders 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 yield of 4.37%. The ex-dividend date of this dividend is Friday, May 30th.

STAG Industrial has raised its dividend by an average of 0.7% per year over the last three years and has increased its dividend every year for the last 7 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. 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 Price Performance

Shares of NYSE STAG traded up $0.83 during mid-day trading on Tuesday, reaching $34.90. The company had a trading volume of 1,100,262 shares, compared to its average volume of 1,227,593. 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 firm has a market cap of $6.51 billion, a price-to-earnings ratio of 33.56 and a beta of 0.93. The business's 50-day simple moving average is $33.71 and its 200 day simple moving average is $34.65.

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

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on STAG shares. Barclays lowered their price target on shares of STAG Industrial from $40.00 to $37.00 and set an "equal weight" rating for the company in a report on Tuesday, January 28th. Raymond James raised their price target on shares of STAG Industrial from $36.00 to $38.00 and gave the stock an "outperform" rating in a report on Wednesday, May 7th. Robert W. Baird lowered their price objective on shares of STAG Industrial from $39.00 to $38.00 and set a "neutral" rating for the company in a research note on Wednesday, May 7th. Finally, Royal Bank of Canada reiterated a "sector perform" rating and issued a $38.00 price objective on shares of STAG Industrial in a research note on Monday, May 19th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $39.63.

Institutional Trading of STAG Industrial

Several hedge funds have recently modified their holdings of the stock. Empowered Funds LLC bought a new stake in STAG Industrial during the 1st quarter valued at $229,000. NewEdge Advisors LLC increased its position in shares of STAG Industrial by 17.6% during the first quarter. NewEdge Advisors LLC now owns 9,952 shares of the real estate investment trust's stock worth $359,000 after acquiring an additional 1,491 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised 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 worth $60,391,000 after acquiring an additional 451,355 shares during the last quarter. Institutional investors own 88.67% 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.