Stag Industrial, Inc. (STAG) To Go Ex-Dividend on September 30th

Stag Industrial, Inc. (NYSE:STAG) declared a quarterly dividend on Monday, July 27th. Stockholders of record on Wednesday, September 30th will be paid 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 increased its dividend payment by an average of 0.0%annually 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 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. 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 Performance

Shares of NYSE:STAG traded down $1.68 during midday trading on Wednesday, reaching $39.04. 471,963 shares of the company’s stock traded hands, compared to its average volume of 1,429,064. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.57 and a current ratio of 1.57. Stag Industrial has a one year low of $33.72 and a one year high of $42.61. The company has a market cap of $7.46 billion, a price-to-earnings ratio of 30.35 and a beta of 0.97. The stock has a 50 day moving average of $38.85 and a 200 day moving average of $38.36.

Stag Industrial (NYSE:STAG) last released 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 business had revenue of $224.37 million during the quarter, compared to the consensus estimate of $223.04 million. During the same quarter in the previous year, the business posted $0.63 earnings per share. Stag Industrial’s quarterly revenue was up 8.1% compared to the same quarter last year. As a group, equities research analysts anticipate that Stag Industrial will post 2.64 EPS for the current fiscal year.

Institutional Investors Weigh In On Stag Industrial

A number of hedge funds have recently modified their holdings of the business. Clearstead Advisors LLC lifted its holdings 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 purchasing an additional 482 shares in the last quarter. Measured Wealth Private Client Group LLC purchased a new stake in Stag Industrial during the 3rd quarter valued at approximately $27,000. International Assets Investment Management LLC purchased a new stake in Stag Industrial during the 4th quarter valued at approximately $51,000. EverSource Wealth Advisors LLC raised its position in shares of Stag Industrial by 270.1% during the second quarter. EverSource Wealth Advisors LLC now owns 1,436 shares of the real estate investment trust’s stock valued at $52,000 after buying an additional 1,048 shares during the last quarter. Finally, Root Financial Partners LLC raised its position 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 valued at $59,000 after buying an additional 397 shares during the last quarter. Institutional investors own 88.67% of the company’s stock.

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.