Stag Industrial Inc. (STAG) to Issue Monthly Dividend of $0.12 on December 15th
Stag Industrial Inc. (NYSE:STAG) declared a monthly dividend on Wednesday, August 3rd. Investors of record on Wednesday, November 30th will be paid a dividend of 0.1158 per share on Thursday, December 15th. This represents a $1.39 dividend on an annualized basis and a yield of 5.93%. The ex-dividend date is Monday, November 28th.
Stag Industrial (NYSE:STAG) opened at 23.43 on Wednesday. The company has a 50-day moving average of $22.72 and a 200-day moving average of $23.33. Stag Industrial has a 52 week low of $14.97 and a 52 week high of $25.51. The firm’s market cap is $1.77 billion.
Stag Industrial (NYSE:STAG) last released its quarterly earnings data on Thursday, November 3rd. The company reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.02. Stag Industrial had a negative net margin of 7.25% and a negative return on equity of 2.54%. The firm had revenue of $62.60 million for the quarter, compared to analyst estimates of $11.01 million. During the same period last year, the firm earned $0.39 earnings per share. The business’s quarterly revenue was up 11.9% compared to the same quarter last year. Equities research analysts forecast that Stag Industrial will post $1.56 earnings per share for the current fiscal year.
STAG has been the topic of a number of recent research reports. Robert W. Baird reaffirmed an “outperform” rating and issued a $26.00 price objective on shares of Stag Industrial in a research note on Friday, August 26th. Zacks Investment Research raised shares of Stag Industrial from a “hold” rating to a “buy” rating and set a $25.00 price objective on the stock in a research note on Wednesday, November 16th. Cantor Fitzgerald set a $24.00 price objective on shares of Stag Industrial and gave the company a “hold” rating in a research note on Thursday, October 13th. DA Davidson raised their price target on shares of Stag Industrial from $25.00 to $26.00 and gave the company a “buy” rating in a research report on Friday, August 5th. Finally, Jefferies Group reissued a “hold” rating on shares of Stag Industrial in a research report on Thursday, August 18th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $24.68.
In other Stag Industrial news, CEO Benjamin S. Butcher bought 2,000 shares of Stag Industrial stock in a transaction dated Friday, September 9th. The stock was purchased at an average price of $23.81 per share, for a total transaction of $47,620.00. Following the completion of the purchase, the chief executive officer now directly owns 72,088 shares of the company’s stock, valued at $1,716,415.28. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Larry T. Guillemette bought 10,500 shares of Stag Industrial stock in a transaction dated Monday, September 26th. The stock was acquired at an average price of $24.91 per share, with a total value of $261,555.00. Following the purchase, the director now directly owns 11,882 shares of the company’s stock, valued at $295,980.62. The disclosure for this purchase can be found here. Corporate insiders own 2.10% of the company’s stock.
Several institutional investors have recently bought and sold shares of the company. ProShare Advisors LLC acquired a new position in Stag Industrial during the second quarter valued at $200,000. First Allied Advisory Services Inc. acquired a new position in Stag Industrial during the second quarter valued at $215,000. Sei Investments Co. acquired a new position in Stag Industrial during the second quarter valued at $252,000. Hsbc Holdings PLC increased its position in Stag Industrial by 3.0% in the second quarter. Hsbc Holdings PLC now owns 13,585 shares of the company’s stock valued at $324,000 after buying an additional 401 shares during the last quarter. Finally, Jane Street Group LLC acquired a new position in Stag Industrial during the third quarter valued at $331,000. Hedge funds and other institutional investors own 76.93% of the company’s stock.
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Stag Industrial Company Profile
STAG Industrial, Inc is a real estate investment trust. The Company focuses on the acquisition and operation of single-tenant industrial properties across the United States. The Company owns approximately 290 buildings in over 40 states with approximately 54.7 million rentable square feet, consisting of over 220 warehouse/distribution buildings, approximately 50 light manufacturing buildings and over 20 flex/office buildings.
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