Stag Industrial, Inc. (STAG) to Issue Quarterly Dividend of $0.39 on April 15th

Stag Industrial, Inc. (NYSE:STAG) declared a quarterly dividend on Thursday, January 8th. Shareholders of record on Tuesday, March 31st will be given a dividend of 0.3875 per share by the real estate investment trust on Wednesday, April 15th. This represents a c) dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend is Tuesday, March 31st.

Stag Industrial has raised its dividend payment by an average of 0.0%annually over the last three years and has raised its dividend annually for the last 7 consecutive years. Stag Industrial has a dividend payout ratio of 146.1% 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 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 Price Performance

Shares of STAG opened at $37.92 on Friday. Stag Industrial has a 52 week low of $28.61 and a 52 week high of $39.73. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.89. The firm has a market cap of $7.08 billion, a price-to-earnings ratio of 29.17 and a beta of 1.06. The stock has a 50 day moving average of $38.16 and a 200-day moving average of $36.84.

Stag Industrial (NYSE:STAG) last announced its quarterly earnings data on Wednesday, October 29th. The real estate investment trust reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.02. The firm had revenue of $211.12 million for the quarter, compared to analysts’ expectations of $210.26 million. Stag Industrial had a return on equity of 6.84% and a net margin of 29.24%.The firm’s revenue for the quarter was up 10.7% on a year-over-year basis. During the same period last year, the business posted $0.60 earnings per share. As a group, analysts forecast that Stag Industrial will post 2.47 EPS for the current year.

Insider Activity at Stag Industrial

In other news, EVP Michael Chase sold 13,144 shares of Stag Industrial stock in a transaction that occurred on Wednesday, November 5th. The stock was sold at an average price of $38.75, for a total transaction of $509,330.00. Following the sale, the executive vice president owned 9,422 shares of the company’s stock, valued at approximately $365,102.50. The trade was a 58.25% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On Stag Industrial

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Private Trust Co. NA raised its stake in Stag Industrial by 2,183.9% during the 2nd quarter. Private Trust Co. NA now owns 708 shares of the real estate investment trust’s stock valued at $26,000 after acquiring an additional 677 shares in the last quarter. Measured Wealth Private Client Group LLC acquired a new position in shares of Stag Industrial during the third quarter valued at $27,000. Chung Wu Investment Group LLC acquired a new position in shares of Stag Industrial during the second quarter valued at $29,000. Root Financial Partners LLC bought a new stake in shares of Stag Industrial during the third quarter valued at about $43,000. Finally, EverSource Wealth Advisors LLC lifted its holdings in Stag Industrial by 270.1% in the second quarter. EverSource Wealth Advisors LLC now owns 1,436 shares of the real estate investment trust’s stock worth $52,000 after purchasing an additional 1,048 shares during the period. 88.67% of the stock is owned by institutional investors.

About Stag Industrial

Stag Industrial, Inc is a real estate investment trust (REIT) that specializes in the acquisition, ownership and operation of single-tenant industrial properties throughout the United States. The company’s portfolio is focused on free-standing warehouses, distribution centers and light manufacturing facilities designed to meet the logistical needs of a diverse tenant base. By concentrating on properties with straightforward layouts and minimal common-area maintenance, Stag Industrial seeks to deliver stable rental income and attractive risk-adjusted returns for its shareholders.

Since its founding in 2010 and initial public offering in 2011, Stag Industrial has pursued a disciplined investment strategy centered on high-quality, well-located assets.