STAG Industrial, Inc. (NYSE:STAG) announced a monthly dividend on Wednesday, January 13th, Wall Street Journal reports. Stockholders of record on Friday, February 26th will be given a dividend of 0.1208 per share by the real estate investment trust on Monday, March 15th. This represents a $1.45 dividend on an annualized basis and a dividend yield of 4.75%. The ex-dividend date of this dividend is Thursday, February 25th.

STAG Industrial has increased its dividend by 2.5% over the last three years and has increased its dividend every year for the last 7 years. STAG Industrial has a payout ratio of 378.9% 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 $1.91 per share next year, which means the company should continue to be able to cover its $1.44 annual dividend with an expected future payout ratio of 75.4%.

Shares of STAG Industrial stock traded up $0.29 during trading on Wednesday, reaching $30.53. 542,070 shares of the stock were exchanged, compared to its average volume of 1,021,484. The company has a quick ratio of 2.84, a current ratio of 2.84 and a debt-to-equity ratio of 0.66. The stock’s fifty day moving average is $30.49 and its 200 day moving average is $31.25. The firm has a market cap of $4.56 billion, a price-to-earnings ratio of 41.51, a price-to-earnings-growth ratio of 5.27 and a beta of 1.12. STAG Industrial has a 1 year low of $17.54 and a 1 year high of $34.50.

STAG Industrial (NYSE:STAG) last released its quarterly earnings results on Thursday, November 5th. The real estate investment trust reported $0.15 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.46 by ($0.31). STAG Industrial had a return on equity of 4.97% and a net margin of 24.61%. The company had revenue of $117.30 million during the quarter, compared to the consensus estimate of $117.10 million. During the same period in the previous year, the company earned $0.46 earnings per share. STAG Industrial’s quarterly revenue was up 14.5% on a year-over-year basis. Equities analysts forecast that STAG Industrial will post 1.86 earnings per share for the current year.

A number of equities analysts have weighed in on STAG shares. Zacks Investment Research downgraded shares of STAG Industrial from a “buy” rating to a “hold” rating in a research note on Tuesday. Bank of America raised their target price on shares of STAG Industrial from $28.00 to $30.00 and gave the company an “underperform” rating in a research note on Monday, November 16th. BidaskClub raised shares of STAG Industrial from a “sell” rating to a “hold” rating in a research note on Thursday, December 17th. Robert W. Baird downgraded shares of STAG Industrial from an “outperform” rating to a “neutral” rating and set a $35.00 price target for the company. in a research report on Tuesday, September 22nd. Finally, JPMorgan Chase & Co. downgraded shares of STAG Industrial from an “overweight” rating to a “neutral” rating and set a $33.00 price target for the company. in a research report on Monday, December 21st. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company’s stock. STAG Industrial currently has a consensus rating of “Hold” and a consensus price target of $33.80.

In other news, CEO Benjamin S. Butcher sold 23,268 shares of STAG Industrial stock in a transaction on Thursday, January 7th. The shares were sold at an average price of $30.04, for a total transaction of $698,970.72. Following the transaction, the chief executive officer now owns 47,088 shares in the company, valued at approximately $1,414,523.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Stephen C. Mecke sold 50,000 shares of STAG Industrial stock in a transaction on Thursday, January 7th. The stock was sold at an average price of $29.90, for a total transaction of $1,495,000.00. Following the transaction, the chief operating officer now owns 52,000 shares in the company, valued at approximately $1,554,800. The disclosure for this sale can be found here. Company insiders own 1.20% of the company’s stock.

About STAG Industrial

STAG Industrial, Inc (NYSE: STAG) is a real estate investment trust focused on the acquisition and operation of single-tenant, industrial properties throughout the United States. By targeting this type of property, STAG has developed an investment strategy that helps investors find a powerful balance of income plus growth.

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Dividend History for STAG Industrial (NYSE:STAG)

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