STAG Industrial, Inc. (STAG) To Go Ex-Dividend on April 30th

STAG Industrial, Inc. (NYSE:STAG) announced a apr 25 dividend on Thursday, April 10th, RTT News reports. Investors of record on Wednesday, April 30th will be paid a dividend of 0.1242 per share by the real estate investment trust on Thursday, May 15th. This represents a dividend yield of 4.8%. The ex-dividend date of this dividend is Wednesday, April 30th.

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 147.5% 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 $2.63 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 Trading Down 0.8 %

Shares of STAG opened at $32.85 on Monday. The firm’s fifty day moving average is $34.37 and its two-hundred day moving average is $35.14. The stock has a market cap of $6.13 billion, a PE ratio of 31.59 and a beta of 0.96. The company has a quick ratio of 1.36, a current ratio of 1.36 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.

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

Wall Street Analysts Forecast Growth

A number of brokerages have commented on STAG. Raymond James reduced their target price on shares of STAG Industrial from $40.00 to $36.00 and set an “outperform” rating on the stock in a research note on Monday, April 14th. Royal Bank of Canada reduced their price target on shares of STAG Industrial from $40.00 to $38.00 and set a “sector perform” rating on the stock in a research report on Monday, January 27th. Finally, Barclays cut their target price on shares of STAG Industrial from $40.00 to $37.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 28th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, STAG Industrial currently has an average rating of “Hold” and an average price target of $39.57.

Insider Transactions at STAG Industrial

In other STAG Industrial news, Director Benjamin S. Butcher sold 50,000 shares of STAG Industrial stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $35.10, for a total transaction of $1,755,000.00. Following the transaction, the director now owns 9,632 shares of the company’s stock, valued at $338,083.20. The trade was a 83.85 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 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.