Stag Industrial Inc (STAG) to Issue Dividend of $0.12 on December 16th

Stag Industrial Inc (NYSE:STAG) announced a dividend on Tuesday, October 15th, Fidelity reports. Investors of record on Friday, November 29th will be given a dividend of 0.1192 per share by the real estate investment trust on Monday, December 16th. The ex-dividend date is Wednesday, November 27th. This is a boost from Stag Industrial’s previous dividend of $0.12.

STAG traded up $0.27 during trading on Monday, hitting $30.70. The company had a trading volume of 8,991 shares, compared to its average volume of 827,960. The company has a market cap of $4.05 billion, a PE ratio of 17.15, a P/E/G ratio of 4.17 and a beta of 0.86. The business has a 50-day moving average of $30.54 and a 200-day moving average of $29.99. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.90 and a quick ratio of 0.90. Stag Industrial has a 1-year low of $23.24 and a 1-year high of $31.66.

Stag Industrial (NYSE:STAG) last posted its quarterly earnings results on Wednesday, October 30th. The real estate investment trust reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.39). The company had revenue of $102.42 million during the quarter, compared to analyst estimates of $100.78 million. Stag Industrial had a net margin of 19.96% and a return on equity of 4.35%. The company’s revenue was up 15.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.45 earnings per share. Research analysts forecast that Stag Industrial will post 1.82 earnings per share for the current year.

Separately, Zacks Investment Research raised Stag Industrial from a “sell” rating to a “hold” rating in a research report on Friday, October 4th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $31.33.

In other news, EVP Jeffrey M. Sullivan sold 35,815 shares of the business’s stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $29.37, for a total transaction of $1,051,886.55. Following the completion of the transaction, the executive vice president now directly owns 35,815 shares in the company, valued at approximately $1,051,886.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.50% of the stock is currently owned by insiders.

Stag Industrial Company Profile

STAG Industrial, Inc is an industrial real estate operating company focused on the acquisition, ownership, and operation of single-tenant, industrial properties throughout the United States. The Company was formed as a Maryland corporation and has elected to be treated and intends to continue to qualify as a real estate investment trust (“REIT”) under Sections 856 through 860 of the Internal Revenue Code of 1986, as amended.

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Dividend History for Stag Industrial (NYSE:STAG)

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