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

STAG Industrial, Inc. (NYSE:STAG) announced a monthly dividend on Wednesday, July 10th, NASDAQ reports. Stockholders of record on Wednesday, July 31st will be given a dividend of 0.1233 per share by the real estate investment trust on Thursday, August 15th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.66%. The ex-dividend date of this dividend is Wednesday, July 31st. This is a positive change from STAG Industrial’s previous monthly dividend of $0.12.

STAG Industrial has raised its dividend payment by an average of 0.7% annually over the last three years. STAG Industrial has a payout ratio of 155.8% indicating that 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 $2.51 per share next year, which means the company should continue to be able to cover its $1.48 annual dividend with an expected future payout ratio of 59.0%.

STAG Industrial Trading Down 0.0 %

STAG stock opened at $40.41 on Tuesday. The company has a market cap of $7.36 billion, a P/E ratio of 40.41, a PEG ratio of 5.71 and a beta of 1.09. STAG Industrial has a twelve month low of $31.69 and a twelve month high of $40.68. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 0.78. The business has a fifty day moving average of $36.33 and a 200-day moving average of $36.81.

Analyst Ratings Changes

STAG has been the subject of a number of analyst reports. Barclays decreased their price objective on STAG Industrial from $40.00 to $39.00 and set an “equal weight” rating for the company in a research note on Friday, May 24th. BNP Paribas initiated coverage on STAG Industrial in a research note on Tuesday, June 4th. They set a “neutral” rating and a $39.00 price objective for the company. BMO Capital Markets reaffirmed an “outperform” rating and set a $42.00 price objective (up from $41.00) on shares of STAG Industrial in a research note on Monday, April 8th. Finally, Wedbush raised STAG Industrial from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $38.00 to $44.00 in a research note on Monday, July 22nd. Seven investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, STAG Industrial currently has a consensus rating of “Hold” and a consensus target price of $39.50.

Insider Transactions at STAG Industrial

In other news, Director Benjamin S. Butcher sold 30,000 shares of the company’s stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $34.81, for a total transaction of $1,044,300.00. Following the completion of the transaction, the director now directly owns 8,304 shares of the company’s stock, valued at $289,062.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.10% of the stock is owned by insiders.

About STAG Industrial

We are a REIT focused on the acquisition, ownership, and operation of industrial properties throughout the United States. Our platform is designed to (i) identify properties for acquisition that offer relative value across CBRE-EA Tier 1 industrial real estate markets, industries, and tenants through the principled application of our proprietary risk assessment model, (ii) provide growth through sophisticated industrial operation and an attractive opportunity set, and (iii) capitalize our business appropriately given the characteristics of our assets.