STAG Industrial, Inc. (NYSE:STAG) Declares $0.12 Jan 25 Dividend

STAG Industrial, Inc. (NYSE:STAG) announced a jan 25 dividend on Friday, January 10th,RTT News reports. Shareholders of record on Friday, January 31st will be given a dividend of 0.1242 per share by the real estate investment trust on Tuesday, February 18th.

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% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities 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 Price Performance

NYSE:STAG opened at $32.45 on Friday. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.87. The business’s 50-day simple moving average is $35.57 and its two-hundred day simple moving average is $37.56. The stock has a market cap of $5.91 billion, a PE ratio of 32.78 and a beta of 1.09. STAG Industrial has a 52 week low of $32.27 and a 52 week high of $41.63.

Wall Street Analyst Weigh In

Several research analysts recently commented on STAG shares. Barclays dropped their price target on STAG Industrial from $42.00 to $40.00 and set an “equal weight” rating for the company in a research report on Monday, October 28th. Raymond James boosted their target price on STAG Industrial from $39.00 to $40.00 and gave the company an “outperform” rating in a research report on Wednesday, December 11th. Finally, Wells Fargo & Company dropped their target price 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. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, STAG Industrial presently has a consensus rating of “Moderate Buy” and a consensus target price 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.