STAG Industrial, Inc. (NYSE:STAG) Plans Dividend Increase – $0.12 Per Share

STAG Industrial, Inc. (NYSE:STAG) declared a monthly dividend on Monday, January 13th,Wall Street Journal reports. Shareholders 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 an increase from STAG Industrial’s previous monthly dividend of $0.12.

STAG Industrial has increased its dividend payment by an average of 0.7% per year over the last three years. STAG Industrial has a 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 Trading Up 1.7 %

Shares of STAG traded up $0.56 during trading hours on Monday, reaching $32.95. The stock had a trading volume of 1,137,343 shares, compared to its average volume of 1,145,730. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.87. The company has a market cap of $6.00 billion, a P/E ratio of 33.28 and a beta of 1.09. The firm has a 50-day moving average of $35.48 and a 200 day moving average of $37.57. STAG Industrial has a 52 week low of $32.27 and a 52 week high of $41.63.

Wall Street Analysts Forecast Growth

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

STAG Industrial Company Profile

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.