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

STAG Industrial, Inc. (NYSE:STAG) announced a monthly dividend on Tuesday, January 14th,Wall Street Journal reports. Stockholders 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 4.52%. The ex-dividend date is Monday, March 31st.

STAG Industrial has increased its dividend by an average of 0.7% annually over the last three years. STAG Industrial has a dividend 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. 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 Trading Up 1.7 %

Shares of NYSE:STAG opened at $32.95 on Tuesday. The business’s 50-day moving average is $35.40 and its 200 day moving average is $37.56. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.42 and a quick ratio of 1.42. STAG Industrial has a 1 year low of $32.27 and a 1 year high of $41.63. The firm has a market capitalization of $6.00 billion, a P/E ratio of 33.28 and a beta of 1.09.

Analyst Upgrades and Downgrades

Several analysts have recently commented on STAG shares. Raymond James upped their price objective 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. 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 research report on Monday, November 4th. Finally, Barclays decreased their price objective on STAG Industrial from $42.00 to $40.00 and set an “equal weight” rating for the company in a report on Monday, October 28th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target 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.