STAG Industrial, Inc. (STAG) to Issue Jan 25 Dividend of $0.12 on February 18th

STAG Industrial, Inc. (NYSE:STAG) announced a jan 25 dividend on Friday, January 10th,RTT News reports. Investors 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 increased 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. 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

STAG opened at $32.45 on Friday. The company has a fifty day moving average price of $35.48 and a two-hundred day moving average price of $37.55. The firm has a market capitalization 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. 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 subject of several research analyst reports. Raymond James boosted their price target on shares of STAG Industrial from $39.00 to $40.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. Barclays dropped their price target on STAG Industrial from $42.00 to $40.00 and set an “equal weight” rating on the stock in a research report on Monday, October 28th. Finally, Wells Fargo & Company decreased 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. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company 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.