STAG Industrial Inc. (STAG) Plans Oct 13 Dividend of $0.10
STAG Industrial (NASDAQ:STAG) declared a oct 13 dividend on Wednesday, October 2nd, Stock Ratings Network.com reports. Stockholders of record on Thursday, October 31st will be given a dividend of $0.10 per share on Friday, November 15th.
STAG has been the subject of a number of recent research reports. Analysts at MLV Capital initiated coverage on shares of STAG Industrial (NASDAQ:STAG) in a research note to investors on Wednesday, September 11th. They set a “buy” rating and a $24.00 price target on the stock. On a related note, analysts at RBC Capital cut their price target on shares of STAG Industrial (NASDAQ:STAG) from $24.00 to $23.00 in a research note to investors on Tuesday, August 20th. They now have an “outperform” rating on the stock. Finally, analysts at RBC Capital upgraded shares of STAG Industrial (NASDAQ:STAG) from a “sector perform” rating to an “outperform” rating in a research note to investors on Friday, July 19th. They now have a $24.00 price target on the stock. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $21.94.
STAG Industrial (NASDAQ:STAG) traded down 1.33% on Wednesday, hitting $19.97. 23,547 shares of the company’s stock traded hands. STAG Industrial has a 52 week low of $16.25 and a 52 week high of $24.35. The stock has a 50-day moving average of $20.2 and a 200-day moving average of $21.15. The company’s market cap is $845.5 million.
STAG Industrial (NASDAQ:STAG) last issued its quarterly earnings data on Monday, August 5th. The company reported $0.33 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.32 by $0.01. The company had revenue of $32.07 million for the quarter, compared to the consensus estimate of $31.29 million. During the same quarter last year, the company posted $0.32 earnings per share. STAG Industrial’s revenue was up 65.8% compared to the same quarter last year. On average, analysts predict that STAG Industrial will post $1.24 earnings per share for the current fiscal year.
STAG Industrial, Inc is an integrated, full-service real estate company focused on the acquisition, ownership and management of single-tenant industrial properties throughout the United States.
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