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

STAG Industrial, Inc. (NYSE:STAG) announced a dividend on Friday, February 21st, investing.com reports. Stockholders 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 an increase from STAG Industrial’s previous dividend of $0.12.

STAG Industrial has increased its dividend by an average of 0.7% annually over the last three years. STAG Industrial has a dividend payout ratio of 160.2% meaning 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 Trading Up 0.1 %

Shares of STAG stock opened at $35.17 on Friday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.36 and a current ratio of 1.36. The company has a market capitalization of $6.56 billion, a price-to-earnings ratio of 33.81 and a beta of 1.09. STAG Industrial has a 52-week low of $32.27 and a 52-week high of $41.63. The company has a 50-day simple moving average of $34.22 and a two-hundred day simple moving average of $36.80.

STAG Industrial (NYSE:STAG) last released its earnings results 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 return on equity of 5.51% and a net margin of 24.64%. Research analysts anticipate that STAG Industrial will post 2.47 EPS for the current fiscal year.

Insider Buying and Selling at STAG Industrial

In other STAG Industrial news, Director Benjamin S. Butcher sold 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $35.10, for a total value of $1,755,000.00. Following the completion of 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on STAG. Wells Fargo & Company cut their price target on shares of STAG Industrial from $41.00 to $38.00 and set an “equal weight” rating on the stock in a report on Monday, November 4th. Barclays dropped 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. Raymond James raised their price target on shares of STAG Industrial from $39.00 to $40.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 11th. Finally, Royal Bank of Canada decreased their target price on STAG Industrial from $40.00 to $38.00 and set a “sector perform” rating for the company in a research report on Monday, January 27th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $40.38.

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.