Stag Industrial Inc (NYSE:STAG) announced a monthly dividend on Wednesday, August 2nd, Wall Street Journal reports. Investors of record on Friday, December 29th will be given a dividend of 0.1175 per share by the real estate investment trust on Tuesday, January 16th. This represents a $1.41 annualized dividend and a yield of 5.15%. The ex-dividend date is Thursday, December 28th.
Stag Industrial has raised its dividend by an average of 0.5% annually over the last three years and has raised its dividend every year for the last 6 years. Stag Industrial has a dividend payout ratio of 83.9% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Research analysts expect Stag Industrial to earn $1.82 per share next year, which means the company should continue to be able to cover its $1.41 annual dividend with an expected future payout ratio of 77.5%.
Shares of Stag Industrial (STAG) opened at $27.39 on Wednesday. The firm has a market cap of $2,570.00, a price-to-earnings ratio of 49.80, a P/E/G ratio of 3.00 and a beta of 1.26. Stag Industrial has a fifty-two week low of $22.70 and a fifty-two week high of $28.95. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.62.
Several equities analysts have commented on STAG shares. ValuEngine raised Stag Industrial from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. UBS Group raised Stag Industrial from a “sell” rating to a “neutral” rating and lifted their price target for the stock from $21.00 to $28.00 in a research report on Friday, September 8th. Jefferies Group reaffirmed a “buy” rating and issued a $32.00 price target on shares of Stag Industrial in a research report on Tuesday, September 26th. BidaskClub lowered Stag Industrial from a “hold” rating to a “sell” rating in a research report on Friday, October 6th. Finally, Ladenburg Thalmann Financial Services reaffirmed a “buy” rating on shares of Stag Industrial in a research report on Friday, November 3rd. One analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company. Stag Industrial currently has a consensus rating of “Buy” and an average price target of $28.50.
About Stag Industrial
STAG Industrial, Inc is a real estate investment trust. The Company is focused on the acquisition, ownership, and operation of single-tenant, industrial properties across the United States. As of December 31, 2016, the Company owned 314 buildings in 37 states with approximately 60.9 million rentable square feet, consisting of 243 warehouse/distribution buildings, 54 light manufacturing buildings, 16 flex/office buildings, and one building in redevelopment.
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