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.
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.
Featured Story: Do back-end load funds outperform no-load funds?
Receive News & Ratings for Stag Industrial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stag Industrial and related companies with MarketBeat.com's FREE daily email newsletter.