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

Stag Industrial, Inc. (NYSE:STAG) announced a quarterly dividend on Thursday, January 8th. Stockholders of record on Tuesday, March 31st will be paid a dividend of 0.3875 per share by the real estate investment trust on Wednesday, April 15th. This represents a c) annualized dividend and a dividend yield of 4.1%. The ex-dividend date of this dividend is Tuesday, March 31st.

Stag Industrial has increased its dividend payment by an average of 0.0%per year over the last three years and has raised its dividend every year for the last 7 years. 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. 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 Performance

Shares of STAG stock opened at $37.93 on Friday. The company has a market capitalization of $7.08 billion, a price-to-earnings ratio of 29.18 and a beta of 1.06. Stag Industrial has a 1-year low of $28.61 and a 1-year high of $39.73. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.89. The stock’s fifty day simple moving average is $38.17 and its 200-day simple moving average is $36.83.

Stag Industrial (NYSE:STAG) last announced its quarterly earnings data on Wednesday, October 29th. The real estate investment trust reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.02. Stag Industrial had a return on equity of 6.84% and a net margin of 29.24%.The firm had revenue of $211.12 million during the quarter, compared to analyst estimates of $210.26 million. During the same period last year, the company posted $0.60 EPS. The business’s quarterly revenue was up 10.7% compared to the same quarter last year. On average, sell-side analysts predict that Stag Industrial will post 2.47 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have weighed in on STAG shares. Cantor Fitzgerald started coverage on Stag Industrial in a research report on Wednesday, October 1st. They issued a “neutral” rating and a $37.00 target price on the stock. Royal Bank Of Canada increased their target price on Stag Industrial from $38.00 to $42.00 and gave the company a “sector perform” rating in a research note on Thursday, November 6th. Wall Street Zen downgraded shares of Stag Industrial from a “hold” rating to a “sell” rating in a report on Saturday, January 3rd. Wells Fargo & Company upped their target price on Stag Industrial from $37.00 to $38.00 and gave the company an “equal weight” rating in a research note on Monday, November 10th. Finally, Robert W. Baird raised their price target on shares of Stag Industrial from $38.00 to $39.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 4th. Three equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $38.89.

Stag Industrial Company Profile

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.