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

Key Points

• Stag Industrial, Inc. announced a monthly dividend of $0.1242 per share, with an annualized yield of 4.1%, payable on December 15th to investors of record on November 28th.
• The company currently has a dividend payout ratio of 146.1%, indicating reliance on its balance sheet to cover dividend payments, although future earnings are expected to improve this situation.
• Stag Industrial's stock opened at $36.41, showing a 0.1% decrease, with a market capitalization of $6.80 billion and an anticipated earnings per share of $2.63 next year.

Stag Industrial, Inc. (NYSE:STAG - Get Free Report) announced a monthly dividend on Thursday, October 9th. Investors of record on Friday, November 28th will be given a dividend of 0.1242 per share by the real estate investment trust on Monday, December 15th. This represents a c) dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend is Friday, November 28th.

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 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 Down 0.1%

NYSE STAG opened at $36.41 on Friday. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.31 and a quick ratio of 1.31. The company's 50 day simple moving average is $35.68 and its 200 day simple moving average is $35.15. Stag Industrial has a 12 month low of $28.61 and a 12 month high of $39.21. The company has a market capitalization of $6.80 billion, a P/E ratio of 28.67 and a beta of 0.92.

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

Insiders Place Their Bets

In other news, Director Benjamin S. Butcher sold 25,000 shares of the stock in a transaction on Friday, September 5th. The shares were sold at an average price of $36.91, for a total value of $922,750.00. Following the completion of the transaction, the director owned 7,562 shares in the company, valued at approximately $279,113.42. This represents a 76.78% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Larry T. Guillemette sold 2,004 shares of the stock in a transaction dated Tuesday, September 23rd. The stock was sold at an average price of $35.20, for a total transaction of $70,540.80. Following the sale, the director owned 38,666 shares of the company's stock, valued at $1,361,043.20. This trade represents a 4.93% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.10% of the company's stock.

Institutional Investors Weigh In On Stag Industrial

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC boosted its stake in shares of Stag Industrial by 3,246.2% in the 1st quarter. GAMMA Investing LLC now owns 33,194 shares of the real estate investment trust's stock valued at $1,199,000 after purchasing an additional 32,202 shares during the last quarter. UMB Bank n.a. raised its holdings in Stag Industrial by 175.3% during the 1st quarter. UMB Bank n.a. now owns 2,907 shares of the real estate investment trust's stock worth $105,000 after buying an additional 1,851 shares during the period. Wealthcare Advisory Partners LLC acquired a new stake in shares of Stag Industrial in the first quarter valued at approximately $206,000. Integrated Advisors Network LLC raised its holdings in shares of Stag Industrial by 5.1% in the first quarter. Integrated Advisors Network LLC now owns 12,271 shares of the real estate investment trust's stock valued at $443,000 after purchasing an additional 598 shares during the last quarter. Finally, Fort Washington Investment Advisors Inc. OH increased its holdings in Stag Industrial by 7.3% during the first quarter. Fort Washington Investment Advisors Inc. OH now owns 616,866 shares of the real estate investment trust's stock worth $22,281,000 after buying an additional 41,710 shares during the last quarter. Institutional investors and hedge funds own 88.67% of the company's stock.

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.

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