Stag Industrial, Inc. (STAG) to Issue Quarterly Dividend of $0.39 on April 15th

Stag Industrial, Inc. (NYSE:STAG) declared a quarterly dividend on Thursday, January 8th. Stockholders of record on Tuesday, March 31st will be paid a dividend of 0.3875 per share by the real estate investment trust on Wednesday, April 15th. This represents a c) annualized dividend and a dividend yield of 4.3%. The ex-dividend date of this dividend is Tuesday, March 31st.

Stag Industrial has raised its dividend by an average of 0.0%annually over the last three years and has raised its dividend annually for the last 7 consecutive years. Stag Industrial has a 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. Equities analysts expect Stag Industrial to earn $2.63 per share next year, which means the company should continue to be able to cover its $1.55 annual dividend with an expected future payout ratio of 58.9%.

Stag Industrial Trading Down 0.6%

Shares of NYSE:STAG opened at $36.10 on Friday. The business’s 50 day moving average price is $38.07 and its 200-day moving average price is $37.70. Stag Industrial has a 1 year low of $28.61 and a 1 year high of $39.98. The firm has a market capitalization of $6.90 billion, a price-to-earnings ratio of 24.73 and a beta of 1.04. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.90 and a quick ratio of 1.90.

Stag Industrial (NYSE:STAG) last issued its quarterly earnings results on Wednesday, February 11th. The real estate investment trust reported $0.66 EPS for the quarter, topping the consensus estimate of $0.63 by $0.03. The company had revenue of $220.90 million during the quarter, compared to analyst estimates of $213.66 million. Stag Industrial had a net margin of 32.35% and a return on equity of 7.68%. The firm’s revenue was up 10.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.61 EPS. On average, equities research analysts forecast that Stag Industrial will post 2.47 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on STAG. Wall Street Zen raised shares of Stag Industrial from a “sell” rating to a “hold” rating in a research note on Saturday, February 7th. Robert W. Baird set a $40.00 price target on shares of Stag Industrial in a research report on Tuesday, February 17th. JPMorgan Chase & Co. upped their price objective on shares of Stag Industrial from $39.00 to $40.00 and gave the company a “neutral” rating in a research note on Thursday, February 19th. Barclays reiterated an “underweight” rating and issued a $39.00 price objective (down from $40.00) on shares of Stag Industrial in a report on Tuesday, January 13th. Finally, iA Financial set a $39.00 target price on shares of Stag Industrial in a research note on Tuesday, January 13th. Three analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $39.50.

Stag Industrial Company Profile

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.