Stag Industrial, Inc. (NYSE:STAG) Plans $0.39 Quarterly Dividend

Stag Industrial, Inc. (NYSE:STAG) announced a quarterly dividend on Monday, July 27th. Stockholders of record on Wednesday, September 30th will be given a dividend of 0.3875 per share by the real estate investment trust on Thursday, October 15th. This represents a c) dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend is Wednesday, September 30th.

Stag Industrial has raised its dividend by an average of 0.0%per year over the last three years and has increased its dividend every year for the last 7 years. Stag Industrial has a dividend payout ratio of 152.0% 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 $2.77 per share next year, which means the company should continue to be able to cover its $1.55 annual dividend with an expected future payout ratio of 56.0%.

Stag Industrial Stock Down 3.8%

Shares of NYSE:STAG traded down $1.53 during trading on Wednesday, reaching $39.19. The stock had a trading volume of 334,516 shares, compared to its average volume of 1,428,005. The firm’s 50-day simple moving average is $38.85 and its 200 day simple moving average is $38.36. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.87. Stag Industrial has a one year low of $33.72 and a one year high of $42.61. The company has a market capitalization of $7.49 billion, a P/E ratio of 30.30 and a beta of 0.97.

Stag Industrial (NYSE:STAG) last posted its quarterly earnings data on Tuesday, July 28th. The real estate investment trust reported $0.28 EPS for the quarter, missing the consensus estimate of $0.65 by ($0.37). Stag Industrial had a return on equity of 6.80% and a net margin of 28.25%.The firm had revenue of $224.37 million for the quarter, compared to the consensus estimate of $223.04 million. During the same quarter last year, the firm earned $0.63 EPS. The company’s revenue was up 8.1% compared to the same quarter last year. As a group, research analysts expect that Stag Industrial will post 2.64 EPS for the current fiscal year.

Institutional Investors Weigh In On Stag Industrial

Several institutional investors and hedge funds have recently made changes to their positions in STAG. Clearstead Advisors LLC raised its stake in Stag Industrial by 193.6% in the 4th quarter. Clearstead Advisors LLC now owns 731 shares of the real estate investment trust’s stock worth $27,000 after acquiring an additional 482 shares during the last quarter. Measured Wealth Private Client Group LLC acquired a new position in shares of Stag Industrial in the third quarter valued at about $27,000. International Assets Investment Management LLC purchased a new position in shares of Stag Industrial in the fourth quarter worth about $51,000. EverSource Wealth Advisors LLC raised its stake in shares of Stag Industrial by 270.1% in the second quarter. EverSource Wealth Advisors LLC now owns 1,436 shares of the real estate investment trust’s stock worth $52,000 after purchasing an additional 1,048 shares during the last quarter. Finally, Root Financial Partners LLC lifted its holdings in shares of Stag Industrial by 32.9% during the fourth quarter. Root Financial Partners LLC now owns 1,603 shares of the real estate investment trust’s stock worth $59,000 after purchasing an additional 397 shares during the period. 88.67% of the stock is currently owned by institutional investors and hedge funds.

About Stag Industrial

Stag Industrial, Inc is a real estate investment trust (REIT) that specializes in the acquisition, ownership and operation of single-tenant industrial properties throughout the United States. The company’s portfolio is focused on free-standing warehouses, distribution centers and light manufacturing facilities designed to meet the logistical needs of a diverse tenant base. By concentrating on properties with straightforward layouts and minimal common-area maintenance, Stag Industrial seeks to deliver stable rental income and attractive risk-adjusted returns for its shareholders.

Since its founding in 2010 and initial public offering in 2011, Stag Industrial has pursued a disciplined investment strategy centered on high-quality, well-located assets.