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

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 3.9%. The ex-dividend date is Tuesday, June 30th.

Stag Industrial has increased its dividend payment by an average of 0.0%annually over the last three years and has increased its dividend annually for the last 7 consecutive 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. Equities research analysts expect Stag Industrial to earn $2.77 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 56.0%.

Stag Industrial Trading Up 0.7%

Shares of STAG stock opened at $39.37 on Friday. The company’s 50-day moving average price is $38.32 and its 200-day moving average price is $37.97. Stag Industrial has a twelve month low of $33.72 and a twelve month high of $39.99. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.87. The stock has a market cap of $7.53 billion, a price-to-earnings ratio of 30.52 and a beta of 0.98.

Stag Industrial (NYSE:STAG) last released its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $0.32 EPS for the quarter, beating the consensus estimate of $0.23 by $0.09. The firm had revenue of $224.21 million for the quarter, compared to analyst estimates of $221.51 million. Stag Industrial had a net margin of 28.25% and a return on equity of 6.80%. The business’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.61 EPS. As a group, equities analysts predict that Stag Industrial will post 2.64 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on STAG shares. Weiss Ratings lowered Stag Industrial from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, May 4th. Evercore reissued an “outperform” rating and issued a $44.00 price objective on shares of Stag Industrial in a research note on Wednesday, April 29th. Raymond James Financial began coverage on Stag Industrial in a research note on Wednesday, June 17th. They issued an “outperform” rating and a $44.00 price objective for the company. Wells Fargo & Company dropped their target price on Stag Industrial from $41.00 to $40.00 and set an “equal weight” rating on the stock in a report on Monday, June 1st. Finally, Barclays reduced their price objective on shares of Stag Industrial from $39.00 to $38.00 and set an “underweight” rating for the company in a research report on Tuesday, May 5th. Three research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $40.40.

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.