Stag Industrial, Inc. (STAG) to Issue Dividend of $0.12 on August 15th

Stag Industrial, Inc. (NYSE:STAG) declared a dividend on Friday, July 18th, investing.com reports. Investors of record on Friday, August 1st will be given a dividend of 0.1242 per share by the real estate investment trust on Friday, August 15th. This represents a yield of 4.22%. The ex-dividend date is Thursday, July 31st.

Stag Industrial has a dividend payout ratio of 146.1% 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 Down 2.5%

Shares of STAG stock opened at $34.75 on Tuesday. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.86. Stag Industrial has a 52 week low of $28.61 and a 52 week high of $41.63. The company’s fifty day simple moving average is $35.97 and its two-hundred day simple moving average is $34.92. The stock has a market cap of $6.49 billion, a P/E ratio of 26.13 and a beta of 0.93.

Stag Industrial (NYSE:STAG) last released its earnings results on Tuesday, April 29th. The real estate investment trust reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.01. Stag Industrial had a return on equity of 7.04% and a net margin of 31.05%. The business had revenue of $205.57 million during the quarter, compared to the consensus estimate of $202.04 million. During the same period last year, the company earned $0.59 earnings per share. The business’s revenue for the quarter was up 9.7% compared to the same quarter last year. Analysts predict that Stag Industrial will post 2.47 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on STAG shares. Raymond James Financial boosted their target price on Stag Industrial from $36.00 to $38.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 7th. Robert W. Baird cut their price objective on shares of Stag Industrial from $39.00 to $38.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 7th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $38.00 price target on shares of Stag Industrial in a report on Monday, May 19th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $39.71.

Insider Buying and Selling at Stag Industrial

In other Stag Industrial news, Director Benjamin S. Butcher sold 28,843 shares of the company’s stock in a transaction on Friday, June 6th. The shares were sold at an average price of $36.90, for a total transaction of $1,064,306.70. Following the completion of the transaction, the director directly owned 7,115 shares in the company, valued at approximately $262,543.50. This represents a 80.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.10% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Empowered Funds LLC purchased a new position in shares of Stag Industrial during the 1st quarter worth $229,000. NewEdge Advisors LLC lifted its holdings in Stag Industrial by 17.6% during the 1st quarter. NewEdge Advisors LLC now owns 9,952 shares of the real estate investment trust’s stock worth $359,000 after buying an additional 1,491 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its position in shares of Stag Industrial by 37.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,671,949 shares of the real estate investment trust’s stock worth $60,391,000 after acquiring an additional 451,355 shares in the last quarter. Institutional investors and hedge funds own 88.67% 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.