STAG Industrial, Inc. (NYSE:STAG - Get Free Report) declared a jan 25 dividend on Friday, January 10th,RTT News reports. Investors 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 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. 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 Stock Down 2.6 %
STAG Industrial stock traded down $0.85 during midday trading on Friday, reaching $32.45. The company's stock had a trading volume of 1,008,387 shares, compared to its average volume of 1,119,781. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.42 and a quick ratio of 1.42. The stock has a market capitalization of $5.91 billion, a P/E ratio of 32.78 and a beta of 1.09. The stock's 50-day simple moving average is $35.57 and its 200-day simple moving average is $37.56. STAG Industrial has a 52-week low of $32.27 and a 52-week high of $41.63.
Analyst Upgrades and Downgrades
A number of research firms recently commented on STAG. Barclays dropped 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 research report on Monday, October 28th. Wells Fargo & Company lowered 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 research note on Monday, November 4th. Finally, Raymond James upped their target price on STAG Industrial from $39.00 to $40.00 and gave the company an "outperform" rating in a research report on Wednesday, December 11th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $41.00.
Read Our Latest Analysis on STAG
STAG Industrial Company Profile
(
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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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