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

STAG Industrial, Inc. (NYSE:STAG - Get Free Report) announced a monthly dividend on Monday, April 14th, Wall Street Journal reports. Shareholders of record on Monday, June 30th will be paid a dividend of 0.1242 per share by the real estate investment trust on Tuesday, July 15th. This represents a $1.49 dividend on an annualized basis and a yield of 4.49%. The ex-dividend date is Monday, June 30th.

STAG Industrial has raised its dividend payment by an average of 0.7% annually over the last three years. STAG Industrial has a dividend payout ratio of 147.5% 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 Stock Performance

Shares of NYSE:STAG traded up $0.64 during midday trading on Friday, reaching $33.15. 1,047,173 shares of the company traded hands, compared to its average volume of 1,195,521. The firm's fifty day moving average price is $34.61 and its two-hundred day moving average price is $35.34. The firm has a market capitalization of $6.19 billion, a price-to-earnings ratio of 31.88 and a beta of 0.96. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.86. STAG Industrial has a 12 month low of $28.61 and a 12 month high of $41.63.

STAG Industrial (NYSE:STAG - Get Free Report) last released its quarterly earnings data on Wednesday, February 12th. The real estate investment trust reported $0.61 EPS for the quarter, beating analysts' consensus estimates of $0.18 by $0.43. STAG Industrial had a net margin of 24.64% and a return on equity of 5.51%. On average, equities analysts expect that STAG Industrial will post 2.47 earnings per share for the current year.

Insider Activity at STAG Industrial

In related news, Director Benjamin S. Butcher sold 50,000 shares of the stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $35.10, for a total value of $1,755,000.00. Following the completion of the transaction, the director now directly owns 9,632 shares in the company, valued at $338,083.20. This trade represents a 83.85 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.10% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

STAG has been the subject of several research analyst reports. Raymond James dropped their price target on STAG Industrial from $40.00 to $36.00 and set an "outperform" rating for the company in a research note on Monday, April 14th. Royal Bank of Canada cut their target price on STAG Industrial from $40.00 to $38.00 and set a "sector perform" rating for the company in a research note on Monday, January 27th. Finally, Barclays decreased their price target on shares of STAG Industrial from $40.00 to $37.00 and set an "equal weight" rating on the stock in a research note on Tuesday, January 28th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $39.57.

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.