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

Key Points

• Stag Industrial, Inc. announced a monthly dividend of $0.12 per share, with the payout set for January 15th, representing an annualized yield of 4.1% based on current share prices.
• The company has a dividend payout ratio of 146.1%, indicating reliance on its balance sheet for dividend payments, though earnings per share are projected to cover this in the future at a ratio of 56.7%.
• In the second quarter, Stag Industrial reported $207.44 million in revenue, a 9.4% increase year-over-year, with earnings per share meeting analyst estimates at $0.63.

Stag Industrial, Inc. (NYSE:STAG - Get Free Report) declared a monthly dividend on Thursday, October 9th. Investors of record on Wednesday, December 31st will be paid a dividend of 0.1242 per share by the real estate investment trust on Thursday, January 15th. This represents a c) dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend is Wednesday, December 31st.

Stag Industrial has a dividend 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. 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 Price Performance

Shares of NYSE:STAG opened at $36.41 on Friday. Stag Industrial has a fifty-two week low of $28.61 and a fifty-two week high of $39.21. The business has a 50-day simple moving average of $35.68 and a two-hundred day simple moving average of $35.15. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.31 and a current ratio of 1.31. The firm has a market cap of $6.80 billion, a price-to-earnings ratio of 28.67 and a beta of 0.92.

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

Insider Buying and Selling

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

Institutional Trading of Stag Industrial

Institutional investors and hedge funds have recently bought and sold shares of the stock. Private Trust Co. NA grew its holdings in shares of Stag Industrial by 2,183.9% in the second quarter. Private Trust Co. NA now owns 708 shares of the real estate investment trust's stock valued at $26,000 after purchasing an additional 677 shares in the last quarter. Chung Wu Investment Group LLC purchased a new position in shares of Stag Industrial in the second quarter valued at $29,000. Tsfg LLC purchased a new position in shares of Stag Industrial in the first quarter valued at $32,000. Garde Capital Inc. purchased a new position in shares of Stag Industrial in the first quarter valued at $33,000. Finally, Avalon Trust Co purchased a new position in shares of Stag Industrial in the first quarter valued at $36,000. 88.67% of the stock is currently owned by institutional investors.

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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