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

by · The Markets Daily

STAG Industrial, Inc. (NYSE:STAG – Get Free Report) declared a jan 25 dividend on Friday, January 10th,RTT News reports. Shareholders of record on Friday, January 31st will be given a dividend of 0.1242 per share by the real estate investment trust on Tuesday, February 18th.

STAG Industrial has increased 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. 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 Performance

Shares of STAG Industrial stock traded down $0.85 on Friday, reaching $32.45. 844,485 shares of the stock were exchanged, compared to its average volume of 1,119,777. STAG Industrial has a 1-year low of $32.27 and a 1-year high of $41.63. 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 business has a fifty day moving average price of $35.57 and a two-hundred day moving average price of $37.56. The firm has a market capitalization of $5.91 billion, a PE ratio of 32.78 and a beta of 1.09.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. Wells Fargo & Company decreased their price objective on shares of STAG Industrial from $41.00 to $38.00 and set an “equal weight” rating on the stock in a report on Monday, November 4th. Raymond James upped their price target on shares of STAG Industrial from $39.00 to $40.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. Finally, Barclays reduced 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 report on Monday, October 28th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $41.00.

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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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