STAG Industrial, Inc. (NYSE:STAG) Increases Dividend to $0.12 Per Share

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. This represents a yield of 4.6%. The ex-dividend date is Friday, January 31st. This is a positive change from STAG Industrial’s previous jan 25 dividend of $0.12.

STAG Industrial has increased its dividend by an average of 0.7% per year over the last three years. STAG Industrial has a dividend payout ratio of 149.0% meaning 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 $1.49 annual dividend with an expected future payout ratio of 59.1%.

STAG Industrial Stock Down 0.8 %

STAG opened at $34.38 on Wednesday. The firm’s 50-day simple moving average is $34.81 and its 200-day simple moving average is $37.40. The firm has a market cap of $6.26 billion, a price-to-earnings ratio of 34.72 and a beta of 1.09. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.42 and a current ratio of 1.42. STAG Industrial has a twelve month low of $32.27 and a twelve month high of $41.63.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. Wells Fargo & Company lowered their price objective on shares of 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. Royal Bank of Canada reduced their price objective on STAG Industrial from $40.00 to $38.00 and set a “sector perform” rating for the company in a report on Monday. Barclays dropped their price objective on STAG Industrial from $40.00 to $37.00 and set an “equal weight” rating for the company in a report on Tuesday. Finally, Raymond James boosted their target price on STAG Industrial from $39.00 to $40.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 11th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $40.38.

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.