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

STAG Industrial, Inc. (NYSE:STAG) announced a jan 25 dividend on Friday, January 10th,RTT News reports. Shareholders 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 by an average of 0.7% per year over the last three years. STAG Industrial has a payout ratio of 148.0% indicating that 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 Price Performance

Shares of STAG stock traded down $0.85 during mid-day trading on Friday, hitting $32.45. 844,485 shares of the stock were exchanged, compared to its average volume of 1,119,777. The firm has a fifty day moving average of $35.57 and a 200 day moving average of $37.56. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.87. STAG Industrial has a 52-week low of $32.27 and a 52-week high of $41.63. The company has a market cap of $5.91 billion, a PE ratio of 32.78 and a beta of 1.09.

Analyst Upgrades and Downgrades

STAG has been the topic of a number of research reports. Wells Fargo & Company decreased their price target on shares of STAG Industrial from $41.00 to $38.00 and set an “equal weight” rating on the stock in a research note on Monday, November 4th. Raymond James raised their price target 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. Finally, Barclays decreased their price target on shares of 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 analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average 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.