STAG Industrial, Inc. Announces Monthly Dividend of $0.12 (NYSE:STAG)

STAG Industrial, Inc. (NYSE:STAG) announced a monthly dividend on Tuesday, January 14th,Wall Street Journal reports. Stockholders of record on Monday, March 31st will be given a dividend of 0.1242 per share by the real estate investment trust on Tuesday, April 15th. This represents a $1.49 dividend on an annualized basis and a dividend yield of 4.52%. The ex-dividend date is Monday, March 31st.

STAG Industrial has raised its dividend payment by an average of 0.7% annually over the last three years. STAG Industrial has a payout ratio of 148.0% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect STAG Industrial to earn $2.52 per share next year, which means the company should continue to be able to cover its $1.48 annual dividend with an expected future payout ratio of 58.7%.

STAG Industrial Stock Performance

NYSE STAG opened at $32.95 on Tuesday. STAG Industrial has a fifty-two week low of $32.27 and a fifty-two week high of $41.63. The firm has a market capitalization of $6.00 billion, a P/E ratio of 33.28 and a beta of 1.09. The stock’s fifty day moving average is $35.40 and its two-hundred day moving average is $37.56. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.42 and a current ratio of 1.42.

Analysts Set New Price Targets

STAG has been the topic of several analyst reports. Raymond James lifted their price target on shares of STAG Industrial from $39.00 to $40.00 and gave the company an “outperform” rating in a research report on Wednesday, December 11th. Wells Fargo & Company cut their price objective on STAG Industrial from $41.00 to $38.00 and set an “equal weight” rating for the company in a research report on Monday, November 4th. Finally, Barclays lowered their target price on shares of STAG Industrial from $42.00 to $40.00 and set an “equal weight” rating for the company in a research note on Monday, October 28th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $41.00.

STAG Industrial Company Profile

STAG Industrial, Inc is a real estate investment company, which engages in acquiring, owning, and managing single-tenant, industrial real estate assets. It offers industrial real estate operating platform to real estate ownership. The company was founded by Benjamin S. Butcher on July 21, 2010 and is headquartered in Boston, MA.