STAG Industrial Inc. (STAG) Declares Monthly Dividend of $0.11
STAG Industrial (NASDAQ:STAG) declared a monthly dividend on Wednesday, February 26th, Stock Ratings News reports. Shareholders of record on Monday, June 30th will be given a dividend of 0.105 per share on Tuesday, July 15th. This represents a $1.26 dividend on an annualized basis and a yield of 5.49%. The ex-dividend date of this dividend is Thursday, June 26th.
STAG has been the subject of a number of recent research reports. Analysts at RBC Capital raised their price target on shares of STAG Industrial from $24.00 to $27.00 in a research note on Tuesday, February 18th. On a related note, analysts at Ladenburg Thalmann initiated coverage on shares of STAG Industrial in a research note on Friday, January 17th. They set a “buy” rating and a $25.00 price target on the stock. Finally, analysts at JPMorgan Chase & Co. upgraded shares of STAG Industrial from a “neutral” rating to an “overweight” rating in a research note on Thursday, January 16th. Six research analysts have rated the stock with a buy rating, STAG Industrial currently has an average rating of “Buy” and a consensus target price of $25.00.
Shares of STAG Industrial (NASDAQ:STAG) traded up 0.81% during mid-day trading on Wednesday, hitting $23.05. The stock had a trading volume of 154,018 shares. STAG Industrial has a one year low of $18.76 and a one year high of $24.35. The stock’s 50-day moving average is $21.77 and its 200-day moving average is $20.91. The company’s market cap is $1.032 billion.
STAG Industrial (NASDAQ:STAG) last released its earnings data on Wednesday, February 12th. The company reported $0.37 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.35 by $0.02. The company had revenue of $37.40 million for the quarter, compared to the consensus estimate of $35.84 million. During the same quarter last year, the company posted $0.34 earnings per share. STAG Industrial’s revenue was up 39.2% compared to the same quarter last year. On average, analysts predict that STAG Industrial will post $1.51 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.