STAG Industrial, Inc. (STAG) to Issue Monthly Dividend of $0.12 on September 16th

STAG Industrial, Inc. (NYSE:STAG) declared a monthly dividend on Thursday, July 11th, Wall Street Journal reports. Stockholders of record on Friday, August 30th will be paid a dividend of 0.1233 per share by the real estate investment trust on Monday, September 16th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.68%. The ex-dividend date is Friday, August 30th.

STAG Industrial has raised its dividend by an average of 0.7% annually over the last three years. STAG Industrial has a dividend payout ratio of 101.4% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research 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 Stock Down 0.1 %

Shares of STAG opened at $40.18 on Wednesday. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 0.82. The business has a fifty day moving average of $38.32 and a 200 day moving average of $37.12. The company has a market cap of $7.32 billion, a PE ratio of 40.18, a P/E/G ratio of 4.13 and a beta of 1.09. STAG Industrial has a 52-week low of $31.69 and a 52-week high of $41.63.

Insider Transactions at STAG Industrial

In related news, Director Benjamin S. Butcher sold 34,000 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $40.78, for a total value of $1,386,520.00. Following the completion of the transaction, the director now owns 8,758 shares of the company’s stock, valued at $357,151.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Benjamin S. Butcher sold 34,000 shares of the firm’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $40.78, for a total transaction of $1,386,520.00. Following the sale, the director now owns 8,758 shares of the company’s stock, valued at $357,151.24. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Benjamin S. Butcher sold 30,000 shares of the business’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 owns 8,304 shares of the company’s stock, valued at $289,062.24. The disclosure for this sale can be found here. Corporate insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Barclays lifted their price target on shares of STAG Industrial from $38.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 14th. BNP Paribas began coverage on shares of STAG Industrial in a research note on Tuesday, June 4th. They issued a “neutral” rating and a $39.00 price objective for the company. Finally, Wedbush increased their price target on STAG Industrial from $44.00 to $45.00 and gave the stock an “outperform” rating in a report on Monday, August 5th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, STAG Industrial presently has an average rating of “Hold” and a consensus target price of $40.63.

STAG Industrial Company Profile

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.