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

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 dividend on Saturday, August 23rd, investing.com reports. Investors of record on Monday, September 1st will be paid a dividend of 0.1242 per share by the real estate investment trust on Monday, September 15th. This represents a yield of 429.0%. The ex-dividend date is Friday, August 29th.

Stag Industrial has a payout ratio of 146.1% 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 Trading Up 3.3%

Shares of NYSE:STAG opened at $36.7440 on Friday. Stag Industrial has a 52 week low of $28.61 and a 52 week high of $40.75. The company's 50 day moving average is $35.70 and its two-hundred day moving average is $35.03. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.86. The company has a market cap of $6.86 billion, a PE ratio of 28.93 and a beta of 0.91.

Stag Industrial (NYSE:STAG - Get Free Report) last announced 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 company had revenue of $207.44 million for the quarter, compared to the consensus estimate of $206.37 million. Stag Industrial had a net margin of 29.14% and a return on equity of 6.71%. The company's quarterly revenue was up 9.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.61 EPS. Equities analysts predict that Stag Industrial will post 2.47 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

STAG has been the subject of a number of recent research reports. Robert W. Baird decreased their price target 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. Evercore ISI increased their price target on shares of Stag Industrial from $39.00 to $40.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 30th. Royal Bank Of Canada restated a "sector perform" rating and issued a $38.00 target price on shares of Stag Industrial in a research note on Monday, May 19th. Finally, Raymond James Financial raised their target price on shares of Stag Industrial from $36.00 to $38.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 7th. Two equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, Stag Industrial has a consensus rating of "Hold" and a consensus price target of $38.17.

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.

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