STAG Industrial, Inc. (STAG) To Go Ex-Dividend on February 28th

STAG Industrial, Inc. (NYSE:STAG) declared a dividend on Friday, February 21st, investing.com reports. Investors of record on Monday, March 3rd will be paid a dividend of 0.1242 per share by the real estate investment trust on Monday, March 17th. This represents a dividend yield of 4.25%. The ex-dividend date of this dividend is Friday, February 28th. This is a boost from STAG Industrial’s previous dividend of $0.12.

STAG Industrial has increased its dividend by an average of 0.7% per year over the last three years. STAG Industrial has a dividend payout ratio of 160.2% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities 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 Performance

Shares of STAG stock opened at $35.74 on Wednesday. STAG Industrial has a 52 week low of $32.27 and a 52 week high of $41.63. The firm has a 50 day moving average of $34.22 and a two-hundred day moving average of $36.72. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.86. The stock has a market capitalization of $6.67 billion, a PE ratio of 34.30 and a beta of 1.09.

STAG Industrial (NYSE:STAG) last issued its quarterly earnings results on Wednesday, February 12th. The real estate investment trust reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.43. STAG Industrial had a return on equity of 5.51% and a net margin of 24.64%. On average, research analysts predict that STAG Industrial will post 2.47 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have commented on STAG shares. Raymond James boosted their price target on shares of STAG Industrial from $39.00 to $40.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. Royal Bank of Canada dropped their target price on STAG Industrial from $40.00 to $38.00 and set a “sector perform” rating on the stock in a report on Monday, January 27th. Wells Fargo & Company decreased their price target on STAG Industrial from $41.00 to $38.00 and set an “equal weight” rating for the company in a report on Monday, November 4th. Finally, Barclays dropped their price objective on STAG Industrial from $40.00 to $37.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 28th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $40.38.

Insiders Place Their Bets

In other news, Director Benjamin S. Butcher sold 50,000 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $35.10, for a total value of $1,755,000.00. Following the completion of the sale, the director now directly owns 9,632 shares of the company’s stock, valued at approximately $338,083.20. This represents a 83.85 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.10% 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.