STAG Industrial, Inc. (STAG) To Go Ex-Dividend on March 31st

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 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. This is a positive change from STAG Industrial’s previous monthly dividend of $0.12.

STAG Industrial has raised its dividend payment 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. 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

STAG Industrial stock opened at $33.59 on Wednesday. The company has a fifty day simple moving average of $35.40 and a 200-day simple moving average of $37.56. 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 firm has a market capitalization of $6.12 billion, a price-to-earnings ratio of 33.93 and a beta of 1.09. STAG Industrial has a 52-week low of $32.27 and a 52-week high of $41.63.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Wells Fargo & Company dropped their target price on STAG Industrial from $41.00 to $38.00 and set an “equal weight” rating for the company in a report on Monday, November 4th. Raymond James boosted their price objective 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 dropped their price target on shares of 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 assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus 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.