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

Key Points

• Stag Industrial, Inc. has declared a dividend of $0.12 per share, set to be paid on September 15th to investors of record by September 1st.
• The company currently has a payout ratio of 146.1%, indicating it is relying on its balance sheet to cover dividends, although it is expected to improve to 56.7% in the future.
• Stag Industrial's stock price has a current target range of $38 to $40 as per the latest analyses, with a consensus rating of "Hold".

Stag Industrial, Inc. (NYSE:STAG - Get Free Report) announced a monthly dividend on Thursday, July 10th, investing.com reports. Shareholders of record on Friday, August 29th will be paid a dividend of 0.1242 per share by the real estate investment trust on Monday, September 15th. This represents a c) annualized dividend and a yield of 4.1%. The ex-dividend date is Friday, August 29th.

Stag Industrial has a dividend 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 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 Stag Industrial stock traded down $0.57 on Thursday, reaching $36.40. 379,249 shares of the stock were exchanged, compared to its average volume of 1,474,596. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.86. Stag Industrial has a twelve month low of $28.61 and a twelve month high of $40.62. The firm has a market capitalization of $6.80 billion, a price-to-earnings ratio of 28.63 and a beta of 0.91. The business has a 50 day moving average price of $35.73 and a two-hundred day moving average price of $35.07.

Stag Industrial (NYSE:STAG - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The real estate investment trust reported $0.63 EPS for the quarter, meeting analysts' consensus estimates of $0.63. The business had revenue of $207.44 million during the quarter, compared to analysts' expectations of $206.37 million. Stag Industrial had a return on equity of 6.71% and a net margin of 29.14%.The business's revenue was up 9.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.61 earnings per share. Analysts anticipate that Stag Industrial will post 2.47 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Royal Bank Of Canada restated a "sector perform" rating and issued a $38.00 price objective on shares of Stag Industrial in a research report on Monday, May 19th. Robert W. Baird cut their price objective on Stag Industrial from $39.00 to $38.00 and set a "neutral" rating for the company in a research report on Wednesday, May 7th. Evercore ISI boosted their price target on Stag Industrial from $39.00 to $40.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 30th. Finally, Raymond James Financial boosted their price target on Stag Industrial from $36.00 to $38.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 7th. Two equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $38.17.

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.