Stag Industrial, Inc. (NYSE:STAG) Announces $0.12 Oct 25 Dividend

Key Points

• Stag Industrial, Inc. has announced a dividend of $0.12 per share to be paid on November 17th to shareholders of record as of October 31st.
• The company has a payout ratio of 146.1%, indicating it relies on its balance sheet to cover dividend payments rather than earnings alone.
• Equities analysts predict Stag Industrial will earn $2.63 per share in the coming year, allowing the company to cover its annual dividend with an expected payout ratio of approximately 56.7%.

Stag Industrial, Inc. (NYSE:STAG - Get Free Report) announced a oct 25 dividend on Thursday, October 9th, RTT News reports. Shareholders of record on Friday, October 31st will be paid a dividend of 0.1242 per share by the real estate investment trust on Monday, November 17th.

Stag Industrial has a 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

STAG traded down $0.02 during midday trading on Thursday, hitting $36.41. 1,029,887 shares of the company were exchanged, compared to its average volume of 1,484,264. The company's 50 day simple moving average is $35.64 and its 200 day simple moving average is $35.14. The firm has a market capitalization of $6.80 billion, a price-to-earnings ratio of 28.67 and a beta of 0.92. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.86. Stag Industrial has a 1-year low of $28.61 and a 1-year high of $39.21.

Stag Industrial (NYSE:STAG - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The real estate investment trust reported $0.63 earnings per share for the quarter, hitting the consensus estimate 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 return on equity of 6.71% and a net margin of 29.14%.The firm's revenue for the quarter was up 9.4% compared to the same quarter last year. During the same period last year, the firm earned $0.61 EPS. As a group, sell-side analysts predict that Stag Industrial will post 2.47 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on STAG. Evercore ISI raised their target price on Stag Industrial from $40.00 to $41.00 and gave the company an "outperform" rating in a research report on Monday, September 15th. Weiss Ratings restated a "hold (c+)" rating on shares of Stag Industrial in a research report on Wednesday. Cantor Fitzgerald began coverage on Stag Industrial in a research report on Wednesday, October 1st. They set a "neutral" rating and a $37.00 target price on the stock. Finally, Industrial Alliance Securities set a $37.00 target price on Stag Industrial in a research report on Wednesday, October 1st. Two equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $38.00.

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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