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

STAG Industrial, Inc. (NYSE:STAG) announced a monthly dividend on Tuesday, January 14th,Wall Street Journal reports. Investors of record on Monday, March 31st will be paid a dividend of 0.1242 per share by the real estate investment trust on Tuesday, April 15th. This represents a $1.49 annualized dividend and a dividend yield of 4.44%. The ex-dividend date is Monday, March 31st.

STAG Industrial has raised its dividend by an average of 0.7% per year 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. 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 Trading Up 1.9 %

Shares of STAG stock opened at $33.59 on Wednesday. The company has a market cap of $6.12 billion, a P/E ratio of 33.93 and a beta of 1.09. STAG Industrial has a fifty-two week low of $32.27 and a fifty-two week high of $41.63. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.42 and a current ratio of 1.42. The stock has a 50 day simple moving average of $35.40 and a two-hundred day simple moving average of $37.56.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. 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 note on Wednesday, December 11th. Barclays decreased their target price 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. Finally, Wells Fargo & Company cut their price target on STAG Industrial from $41.00 to $38.00 and set an “equal weight” rating on the stock in a report on Monday, November 4th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $41.00.

About STAG Industrial

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.