STAG Industrial, Inc. (NYSE:STAG) Announces Monthly Dividend of $0.12

STAG Industrial, Inc. (NYSE:STAG) announced a monthly dividend on Monday, January 13th,Wall Street Journal reports. Investors of record on Monday, March 31st will be given a dividend of 0.1242 per share by the real estate investment trust on Tuesday, April 15th. This represents a $1.49 dividend on an annualized basis and a yield of 4.52%. The ex-dividend date is Monday, March 31st. This is a boost from STAG Industrial’s previous monthly dividend of $0.12.

STAG Industrial has increased its dividend by an average of 0.7% annually 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 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 Price Performance

Shares of STAG stock traded up $0.56 during trading hours on Monday, hitting $32.95. The company had a trading volume of 1,137,343 shares, compared to its average volume of 1,145,730. STAG Industrial has a 12 month low of $32.27 and a 12 month high of $41.63. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.42 and a current ratio of 1.42. The firm’s fifty day moving average is $35.48 and its 200 day moving average is $37.57. The firm has a market capitalization of $6.00 billion, a price-to-earnings ratio of 33.28 and a beta of 1.09.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Raymond James increased their price objective on STAG Industrial from $39.00 to $40.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 11th. Barclays decreased their price objective 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. Finally, Wells Fargo & Company cut their target price 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. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, 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.