STAG Industrial, Inc. (NYSE:STAG) Declares Dividend Increase – $0.12 Per Share

STAG Industrial, Inc. (NYSE:STAG) declared a dividend on Friday, February 21st, investing.com reports. Stockholders of record on Monday, March 3rd will be paid a dividend of 0.1242 per share by the real estate investment trust on Monday, March 17th. This represents a dividend yield of 4.25%. The ex-dividend date of this dividend is Friday, February 28th. This is a positive change from STAG Industrial’s previous dividend of $0.12.

STAG Industrial has increased its dividend payment by an average of 0.7% per year over the last three years. STAG Industrial has a payout ratio of 158.5% 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 $2.63 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 Up 0.7 %

Shares of STAG stock opened at $35.44 on Friday. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.36 and a quick ratio of 1.36. STAG Industrial has a one year low of $32.27 and a one year high of $41.63. The company’s fifty day moving average price is $34.24 and its 200-day moving average price is $36.84. The company has a market capitalization of $6.61 billion, a price-to-earnings ratio of 34.08 and a beta of 1.09.

STAG Industrial (NYSE:STAG) last posted its earnings results on Wednesday, February 12th. The real estate investment trust reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.43. STAG Industrial had a net margin of 24.64% and a return on equity of 5.51%. Sell-side analysts expect that STAG Industrial will post 2.47 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently commented on STAG shares. Raymond James increased their price target on STAG Industrial from $39.00 to $40.00 and gave the company an “outperform” rating in a research note on Wednesday, December 11th. Barclays reduced their price objective on STAG Industrial from $40.00 to $37.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 28th. Royal Bank of Canada reduced their target price on shares of STAG Industrial from $40.00 to $38.00 and set a “sector perform” rating on the stock in a research note on Monday, January 27th. Finally, Wells Fargo & Company dropped their price target on shares of STAG Industrial from $41.00 to $38.00 and set an “equal weight” rating for the company in a research note on Monday, November 4th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $40.38.

Insider Transactions at STAG Industrial

In related news, Director Benjamin S. Butcher sold 50,000 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $35.10, for a total value of $1,755,000.00. Following the transaction, the director now owns 9,632 shares of the company’s stock, valued at $338,083.20. This represents a 83.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.10% of the company’s stock.

About STAG Industrial

STAG Industrial, Inc is a real estate investment company, which engages in acquiring, owning, and managing single-tenant, industrial real estate assets. It offers industrial real estate operating platform to real estate ownership. The company was founded by Benjamin S. Butcher on July 21, 2010 and is headquartered in Boston, MA.