STAG Industrial, Inc. (STAG) to Issue Monthly Dividend of $0.12 on May 15th

STAG Industrial, Inc. (NYSE:STAG) declared a monthly dividend on Tuesday, April 9th, Zacks reports. Investors of record on Tuesday, April 30th will be given a dividend of 0.123 per share by the real estate investment trust on Wednesday, May 15th. This represents a $1.48 annualized dividend and a yield of 4.28%. The ex-dividend date of this dividend is Monday, April 29th.

STAG Industrial has increased its dividend by an average of 0.7% annually over the last three years and has raised its dividend every year for the last 6 years. STAG Industrial has a payout ratio of 166.3% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect STAG Industrial to earn $2.48 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 59.7%.

STAG Industrial Price Performance

STAG opened at $34.48 on Friday. The firm has a market cap of $6.27 billion, a P/E ratio of 31.93, a PEG ratio of 4.88 and a beta of 1.02. The firm has a 50-day moving average of $37.20 and a 200 day moving average of $36.81. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.79 and a current ratio of 1.79. STAG Industrial has a fifty-two week low of $31.69 and a fifty-two week high of $39.61.

Analysts Set New Price Targets

Several equities research analysts have commented on STAG shares. BMO Capital Markets reaffirmed an “outperform” rating and set a $42.00 price objective (up from $41.00) on shares of STAG Industrial in a report on Monday, April 8th. Robert W. Baird reissued a “neutral” rating and issued a $41.00 price target (up from $38.00) on shares of STAG Industrial in a report on Friday, January 5th. Royal Bank of Canada increased their price target on shares of STAG Industrial from $39.00 to $40.00 and gave the stock a “sector perform” rating in a report on Friday, February 16th. Finally, Barclays initiated coverage on shares of STAG Industrial in a research report on Wednesday, March 27th. They issued an “equal weight” rating and a $40.00 price objective on the stock. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, STAG Industrial currently has a consensus rating of “Hold” and an average price target of $39.13.

STAG Industrial Company Profile

We are a REIT focused on the acquisition, ownership, and operation of industrial properties throughout the United States. Our platform is designed to (i) identify properties for acquisition that offer relative value across CBRE-EA Tier 1 industrial real estate markets, industries, and tenants through the principled application of our proprietary risk assessment model, (ii) provide growth through sophisticated industrial operation and an attractive opportunity set, and (iii) capitalize our business appropriately given the characteristics of our assets.