STAG Industrial, Inc. (NYSE:STAG - Get Free Report) announced a monthly dividend on Tuesday, January 14th,Wall Street Journal reports. Investors 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 4.44%. The ex-dividend date is Monday, March 31st.
STAG Industrial has raised its dividend payment by an average of 0.7% per year 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. 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 1.9 %
STAG stock traded up $0.64 during mid-day trading on Tuesday, hitting $33.59. The stock had a trading volume of 923,087 shares, compared to its average volume of 1,135,223. The stock has a market capitalization of $6.12 billion, a price-to-earnings ratio of 33.93 and a beta of 1.09. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.87. STAG Industrial has a 1-year low of $32.27 and a 1-year high of $41.63. The company has a fifty day moving average of $35.40 and a 200 day moving average of $37.56.
Analyst Ratings Changes
STAG has been the topic of several analyst reports. Wells Fargo & Company dropped 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 increased their target price on shares of STAG Industrial from $39.00 to $40.00 and gave the stock an "outperform" rating in a research report on Wednesday, December 11th. Finally, Barclays reduced their price target on STAG Industrial from $42.00 to $40.00 and set an "equal weight" rating for the company in a research report on Monday, October 28th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $41.00.
View Our Latest Research Report on STAG
About STAG Industrial
(
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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.
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