STAG Industrial Inc. Announces Oct 14 Dividend of $0.11 (STAG)
STAG Industrial (NASDAQ:STAG) announced a oct 14 dividend on Wednesday, July 30th, Analyst Ratings News reports. Investors of record on Friday, October 31st will be paid a dividend of 0.11 per share on Monday, November 17th.
On a related note, analysts at Sandler O’Neill initiated coverage on shares of STAG Industrial in a research note on Monday, July 21st. They set a “buy” rating and a $27.00 price target on the stock. Five analysts have rated the stock with a buy rating, STAG Industrial currently has an average rating of “Buy” and an average target price of $25.60.
STAG Industrial (NASDAQ:STAG) traded down 0.84% on Wednesday, hitting $23.56. 160,152 shares of the company’s stock traded hands. STAG Industrial has a 1-year low of $18.76 and a 1-year high of $25.19. The stock has a 50-day moving average of $23.98 and a 200-day moving average of $23.40. The company’s market cap is $1.266 billion.
STAG Industrial (NASDAQ:STAG) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.36 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.36. The company had revenue of $41.70 million for the quarter, compared to the consensus estimate of $40.28 million. During the same quarter in the prior year, the company posted $0.33 earnings per share. The company’s quarterly revenue was up 31.1% on a year-over-year basis. On average, analysts predict that STAG Industrial will post $1.49 earnings per share for the current fiscal year.
In other STAG Industrial news, CEO Benjamin S. Butcher unloaded 1,765 shares of the company’s stock on the open market in a transaction that occurred on Wednesday, July 16th. The stock was sold at an average price of $23.88, for a total value of $42,148.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
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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