Stag Industrial Inc (NYSE:STAG) announced a monthly dividend on Monday, January 13th, Wall Street Journal reports. Investors of record on Tuesday, March 31st will be given a dividend of 0.12 per share by the real estate investment trust on Wednesday, April 15th. This represents a $1.44 annualized dividend and a yield of 4.57%. The ex-dividend date of this dividend is Monday, March 30th.

Stag Industrial has raised its dividend by an average of 1.0% annually over the last three years and has raised its dividend every year for the last 8 years. Stag Industrial has a dividend payout ratio of 433.3% 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 $1.92 per share next year, which means the company should continue to be able to cover its $1.43 annual dividend with an expected future payout ratio of 74.5%.

NYSE:STAG opened at $31.50 on Wednesday. The firm’s 50 day simple moving average is $31.14 and its 200 day simple moving average is $30.27. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.90 and a quick ratio of 0.90. Stag Industrial has a one year low of $25.99 and a one year high of $32.02. The company has a market cap of $4.22 billion, a PE ratio of 17.60, a P/E/G ratio of 4.12 and a beta of 0.86.

Stag Industrial (NYSE:STAG) last posted its earnings results on Wednesday, October 30th. The real estate investment trust reported $0.07 EPS for the quarter, missing the consensus estimate of $0.46 by ($0.39). Stag Industrial had a return on equity of 4.35% and a net margin of 19.96%. The business had revenue of $102.42 million for the quarter, compared to analyst estimates of $100.78 million. During the same quarter in the prior year, the business earned $0.45 earnings per share. The firm’s quarterly revenue was up 15.1% on a year-over-year basis. Equities research analysts expect that Stag Industrial will post 1.82 EPS for the current year.

In related news, Director David G. King sold 30,000 shares of the business’s stock in a transaction on Wednesday, January 8th. The shares were sold at an average price of $31.32, for a total transaction of $939,600.00. Following the transaction, the director now owns 509 shares in the company, valued at approximately $15,941.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO William R. Crooker sold 26,952 shares of the business’s stock in a transaction on Wednesday, January 8th. The shares were sold at an average price of $31.32, for a total transaction of $844,136.64. Following the transaction, the chief financial officer now owns 20,131 shares in the company, valued at approximately $630,502.92. The disclosure for this sale can be found here. Insiders sold a total of 203,231 shares of company stock worth $6,365,195 in the last 90 days. Corporate insiders own 1.50% of the company’s stock.

Several equities research analysts recently commented on the stock. Zacks Investment Research upgraded shares of Stag Industrial from a “sell” rating to a “hold” rating in a research report on Friday, October 4th. JMP Securities restated an “outperform” rating and issued a $35.00 price target (up previously from $34.00) on shares of Stag Industrial in a research report on Tuesday. JPMorgan Chase & Co. upgraded shares of Stag Industrial from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $33.00 to $34.00 in a research report on Wednesday, December 18th. Wells Fargo & Co upgraded shares of Stag Industrial from a “market perform” rating to an “outperform” rating and set a $35.00 price target on the stock in a research report on Tuesday, December 10th. Finally, Royal Bank of Canada upgraded shares of Stag Industrial from an “outperform” rating to a “top pick” rating and boosted their price target for the stock from $33.00 to $34.00 in a research report on Wednesday, December 18th. Four analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. Stag Industrial currently has a consensus rating of “Buy” and an average target price of $33.14.

About Stag Industrial

STAG Industrial, Inc is an industrial real estate operating company focused on the acquisition, ownership, and operation of single-tenant, industrial properties throughout the United States. The Company was formed as a Maryland corporation and has elected to be treated and intends to continue to qualify as a real estate investment trust (“REIT”) under Sections 856 through 860 of the Internal Revenue Code of 1986, as amended.

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Dividend History for Stag Industrial (NYSE:STAG)

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