STAG Industrial, Inc. to Issue 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 paid 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% 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. 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 Price Performance

Shares of STAG opened at $32.45 on Friday. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.87. The company’s fifty day simple moving average is $35.48 and its 200 day simple moving average is $37.55. STAG Industrial has a 1-year low of $32.27 and a 1-year high of $41.63. The company has a market cap of $5.91 billion, a price-to-earnings ratio of 32.78 and a beta of 1.09.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Raymond James raised their target price on shares of STAG Industrial from $39.00 to $40.00 and gave the company an “outperform” rating in a research note on Wednesday, December 11th. Wells Fargo & Company reduced their target price on STAG Industrial from $41.00 to $38.00 and set an “equal weight” rating for the company in a research note on Monday, November 4th. Finally, 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 note on Monday, October 28th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $41.00.

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.