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

STAG Industrial, Inc. (NYSE:STAG) announced a jan 25 dividend on Friday, January 10th,RTT News reports. Stockholders 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% per year 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 Stock Performance

STAG Industrial stock opened at $32.45 on Friday. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.42 and a quick ratio of 1.42. The stock has a market cap of $5.91 billion, a price-to-earnings ratio of 32.78 and a beta of 1.09. The firm has a 50 day simple moving average of $35.57 and a 200-day simple moving average of $37.56. STAG Industrial has a 1-year low of $32.27 and a 1-year high of $41.63.

Analyst Upgrades and Downgrades

STAG has been the subject of a number of research analyst reports. 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. Raymond James increased their price objective on shares of STAG Industrial from $39.00 to $40.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. Finally, Barclays lowered their price objective on shares of 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. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average 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.