Stag Industrial, Inc. (NYSE:STAG) declared a monthly dividend on Friday, November 3rd, Wall Street Journal reports. Investors of record on Thursday, March 29th will be given a dividend of 0.1183 per share by the real estate investment trust on Monday, April 16th. This represents a $1.42 dividend on an annualized basis and a yield of 4.96%. The ex-dividend date is Wednesday, March 28th.

Stag Industrial has raised its dividend payment by an average of 0.5% annually over the last three years and has raised its dividend every year for the last 6 years. Stag Industrial has a payout ratio of 83.9% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities analysts expect Stag Industrial to earn $1.82 per share next year, which means the company should continue to be able to cover its $1.41 annual dividend with an expected future payout ratio of 77.5%.

Stag Industrial (NYSE STAG) traded up $0.98 during midday trading on Friday, reaching $28.62. The company had a trading volume of 1,148,203 shares, compared to its average volume of 355,962. The company has a market capitalization of $2,627.73, a price-to-earnings ratio of 16.73 and a beta of 1.24.

Stag Industrial (NYSE:STAG) last announced its earnings results on Thursday, November 2nd. The real estate investment trust reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.01. Stag Industrial had a return on equity of 5.99% and a net margin of 18.96%. The business had revenue of $78.14 million during the quarter, compared to analysts’ expectations of $76.17 million. During the same quarter in the prior year, the firm earned $0.40 earnings per share. The business’s revenue was up 24.8% compared to the same quarter last year. analysts predict that Stag Industrial will post 1.68 earnings per share for the current year.

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Several equities research analysts recently commented on STAG shares. Ladenburg Thalmann Financial Services reaffirmed a “buy” rating on shares of Stag Industrial in a report on Wednesday, August 2nd. Raymond James Financial, Inc. increased their price target on Stag Industrial from $27.50 to $28.50 and gave the company an “outperform” rating in a report on Wednesday, August 9th. Evercore ISI raised Stag Industrial from an “in-line” rating to an “outperform” rating and set a $30.00 price target for the company in a report on Monday, August 14th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $32.00 price target (up previously from $31.00) on shares of Stag Industrial in a report on Tuesday, August 22nd. Finally, ValuEngine raised Stag Industrial from a “hold” rating to a “buy” rating in a report on Friday, September 1st. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $28.25.

In related news, EVP Peter S. Fearey sold 1,033 shares of the stock in a transaction that occurred on Friday, September 8th. The stock was sold at an average price of $28.71, for a total value of $29,657.43. Following the completion of the transaction, the executive vice president now directly owns 2,506 shares in the company, valued at $71,947.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 2.00% of the company’s stock.

Stag Industrial Company Profile

STAG Industrial, Inc is a real estate investment trust. The Company is focused on the acquisition, ownership, and operation of single-tenant, industrial properties across the United States. As of December 31, 2016, the Company owned 314 buildings in 37 states with approximately 60.9 million rentable square feet, consisting of 243 warehouse/distribution buildings, 54 light manufacturing buildings, 16 flex/office buildings, and one building in redevelopment.

Dividend History for Stag Industrial (NYSE:STAG)

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