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

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

Stag Industrial has raised its dividend payment 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 payout ratio of 152.0% meaning 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 $2.74 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 56.6%.

Stag Industrial Stock Performance

STAG stock traded down $0.97 during midday trading on Wednesday, reaching $38.59. The stock had a trading volume of 53,883 shares, compared to its average volume of 1,394,737. The stock has a market cap of $7.38 billion, a PE ratio of 26.40 and a beta of 1.04. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.90 and a current ratio of 1.90. The firm has a fifty day simple moving average of $38.14 and a two-hundred day simple moving average of $38.09. Stag Industrial has a 52-week low of $31.79 and a 52-week high of $39.99.

Stag Industrial (NYSE:STAG) last issued its earnings results on Tuesday, April 28th. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.09. The company had revenue of $224.21 million during the quarter, compared to analyst estimates of $221.54 million. Stag Industrial had a return on equity of 7.68% and a net margin of 32.35%.The firm’s quarterly revenue was up 9.0% on a year-over-year basis. During the same quarter last year, the business posted $0.61 EPS. As a group, equities research analysts anticipate that Stag Industrial will post 2.63 EPS for the current year.

Insiders Place Their Bets

In other Stag Industrial news, Director Virgis Colbert sold 18,000 shares of the stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $38.08, for a total transaction of $685,440.00. Following the sale, the director directly owned 4,210 shares of the company’s stock, valued at approximately $160,316.80. This trade represents a 81.04% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO William R. Crooker sold 93,732 shares of the stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $39.17, for a total value of $3,671,482.44. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 136,974 shares of company stock valued at $5,345,904. Company insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On Stag Industrial

Several hedge funds and other institutional investors have recently added to or reduced their stakes in STAG. Norges Bank acquired a new stake in Stag Industrial during the 4th quarter worth about $295,644,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Stag Industrial by 434,005.1% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,098,286 shares of the real estate investment trust’s stock worth $40,373,000 after purchasing an additional 1,098,033 shares during the period. Heitman Real Estate Securities LLC acquired a new stake in Stag Industrial during the 4th quarter worth about $33,558,000. Mackenzie Financial Corp acquired a new stake in shares of Stag Industrial during the 4th quarter valued at about $25,459,000. Finally, Balyasny Asset Management L.P. increased its stake in shares of Stag Industrial by 1,818.4% in the 3rd quarter. Balyasny Asset Management L.P. now owns 570,931 shares of the real estate investment trust’s stock valued at $20,148,000 after purchasing an additional 541,170 shares in the last quarter. 88.67% of the stock is 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.