Stag Industrial, Inc. (NYSE:STAG) Declares $0.39 Quarterly Dividend

Stag Industrial, Inc. (NYSE:STAG) declared a quarterly dividend on Monday, July 27th. Investors of record on Wednesday, September 30th will be paid a dividend of 0.3875 per share by the real estate investment trust on Thursday, October 15th. This represents a c) dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend is Wednesday, September 30th.

Stag Industrial has raised its dividend payment by an average of 0.0%annually over the last three years and has raised its dividend every year for the last 7 years. Stag Industrial has a dividend 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. 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 Price Performance

NYSE STAG traded down $1.52 during trading on Wednesday, hitting $39.20. 140,499 shares of the stock traded hands, compared to its average volume of 1,427,418. The company has a market capitalization of $7.49 billion, a P/E ratio of 30.36 and a beta of 0.97. Stag Industrial has a 12-month low of $33.72 and a 12-month high of $42.61. The firm has a 50-day simple moving average of $38.85 and a 200-day simple moving average of $38.36. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.87.

Stag Industrial (NYSE:STAG) last posted its earnings results on Tuesday, July 28th. The real estate investment trust reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.37). Stag Industrial had a net margin of 28.25% and a return on equity of 6.80%. The firm had revenue of $224.37 million for the quarter, compared to the consensus estimate of $223.04 million. During the same quarter in the prior year, the company posted $0.63 earnings per share. The firm’s revenue was up 8.1% compared to the same quarter last year. As a group, analysts predict that Stag Industrial will post 2.64 EPS for the current year.

Hedge Funds Weigh In On Stag Industrial

Large investors have recently made changes to their positions in the company. NewEdge Advisors LLC grew 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 valued at $359,000 after purchasing an additional 1,491 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in Stag Industrial by 37.0% in the first quarter. Goldman Sachs Group Inc. now owns 1,671,949 shares of the real estate investment trust’s stock worth $60,391,000 after purchasing an additional 451,355 shares during the last quarter. Empowered Funds LLC bought a new stake in Stag Industrial in the first quarter worth about $229,000. EverSource Wealth Advisors LLC boosted its position in shares of Stag Industrial by 270.1% during the second quarter. EverSource Wealth Advisors LLC now owns 1,436 shares of the real estate investment trust’s stock valued at $52,000 after buying an additional 1,048 shares during the period. Finally, First Trust Advisors LP boosted its position in shares of Stag Industrial by 173.4% during the second quarter. First Trust Advisors LP now owns 177,756 shares of the real estate investment trust’s stock valued at $6,449,000 after buying an additional 112,747 shares during the period. 88.67% of the stock is owned by hedge funds and other institutional investors.

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.