Stag Industrial Inc (NYSE:STAG) to Issue Monthly Dividend of $0.12

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Stag Industrial Inc (NYSE:STAG) declared a monthly dividend on Tuesday, October 15th, Zacks reports. Stockholders of record on Thursday, October 31st will be paid a dividend of 0.119 per share by the real estate investment trust on Friday, November 15th. This represents a $1.43 dividend on an annualized basis and a dividend yield of 4.71%. The ex-dividend date is Wednesday, October 30th.

Stag Industrial has raised its dividend payment by an average of 1.4% per year over the last three years and has raised its dividend annually for the last 8 consecutive years. Stag Industrial has a payout ratio of 79.9% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Equities analysts expect Stag Industrial to earn $1.89 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 75.7%.

Shares of NYSE:STAG opened at $30.35 on Thursday. Stag Industrial has a 1 year low of $23.24 and a 1 year high of $31.66. The firm has a market capitalization of $3.86 billion, a price-to-earnings ratio of 16.96, a price-to-earnings-growth ratio of 4.30 and a beta of 0.89. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.02 and a quick ratio of 1.02. The business’s 50 day moving average price is $29.61 and its 200-day moving average price is $29.73.

Stag Industrial (NYSE:STAG) last announced its earnings results on Tuesday, July 30th. The real estate investment trust reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.35). Stag Industrial had a net margin of 20.06% and a return on equity of 4.57%. The business had revenue of $96.65 million for the quarter, compared to analysts’ expectations of $97.90 million. During the same quarter last year, the business earned $0.45 EPS. The company’s quarterly revenue was up 13.1% on a year-over-year basis. On average, sell-side analysts expect that Stag Industrial will post 1.82 earnings per share for the current year.

STAG has been the subject of several recent research reports. ValuEngine downgraded Stag Industrial from a “buy” rating to a “hold” rating in a research note on Friday, July 19th. Zacks Investment Research raised Stag Industrial from a “sell” rating to a “hold” rating in a research note on Friday, October 4th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Stag Industrial has a consensus rating of “Hold” and an average price target of $30.63.

In related news, EVP Jeffrey M. Sullivan sold 35,815 shares of the stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $29.37, for a total value of $1,051,886.55. Following the completion of the transaction, the executive vice president now directly owns 35,815 shares of the company’s stock, valued at approximately $1,051,886.55. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.50% of the stock is currently owned by corporate insiders.

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.

Further Reading: Momentum Indicator: Relative Strength Index

Dividend History for Stag Industrial (NYSE:STAG)

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