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 4.41%. The ex-dividend date of this dividend is Monday, March 31st.

STAG Industrial has increased its dividend payment 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. Equities 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 Up 0.7 %

STAG stock opened at $33.78 on Thursday. The stock’s 50 day simple moving average is $35.33 and its 200 day simple moving average is $37.54. The company has a market cap of $6.16 billion, a P/E ratio of 34.12 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 fifty-two week low of $32.27 and a fifty-two week high of $41.63.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Raymond James increased their target price on STAG Industrial from $39.00 to $40.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. Wells Fargo & Company reduced 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 report on Monday, November 4th. Finally, Barclays lowered their target price on shares of STAG Industrial from $42.00 to $40.00 and set an “equal weight” rating on the stock in a report on Monday, October 28th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, STAG Industrial has a consensus rating of “Moderate Buy” and a consensus 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.