STAG Industrial, Inc. Plans Monthly Dividend of $0.12 (NYSE:STAG)

STAG Industrial, Inc. (NYSE:STAG - Get Free Report) declared a monthly dividend on Monday, April 14th, Wall Street Journal reports. Stockholders of record on Monday, June 30th will be paid a dividend of 0.1242 per share by the real estate investment trust on Tuesday, July 15th. This represents a $1.49 annualized dividend and a dividend yield of 4.49%. The ex-dividend date of this dividend is Monday, June 30th.

STAG Industrial has raised its dividend payment by an average of 0.7% annually over the last three years. STAG Industrial has a dividend payout ratio of 147.5% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. 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

NYSE:STAG traded up $0.64 during mid-day trading on Friday, reaching $33.15. The stock had a trading volume of 1,047,173 shares, compared to its average volume of 1,195,743. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.36 and a quick ratio of 1.36. The stock has a market capitalization of $6.19 billion, a PE ratio of 31.88 and a beta of 0.96. STAG Industrial has a 12 month low of $28.61 and a 12 month high of $41.63. The stock has a 50-day simple moving average of $34.65 and a two-hundred day simple moving average of $35.38.

STAG Industrial (NYSE:STAG - Get Free Report) last released its quarterly 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 net margin of 24.64% and a return on equity of 5.51%. On average, equities analysts anticipate that STAG Industrial will post 2.47 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Benjamin S. Butcher sold 50,000 shares of the business's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $35.10, for a total value of $1,755,000.00. Following the sale, the director now directly owns 9,632 shares in the company, valued at approximately $338,083.20. The trade was a 83.85 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.10% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Royal Bank of Canada lowered their target price on shares of STAG Industrial from $40.00 to $38.00 and set a "sector perform" rating for the company in a research note on Monday, January 27th. Barclays cut their price target on STAG Industrial from $40.00 to $37.00 and set an "equal weight" rating for the company in a research note on Tuesday, January 28th. Finally, Raymond James lowered their price target on STAG Industrial from $40.00 to $36.00 and set an "outperform" rating for the company in a research report on Monday. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $39.57.

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.