STAG Industrial, Inc. (NYSE: STAG) is a real estate investment trust focused on the acquisition and operation of single-tenant, industrial properties throughout the United States. By targeting this type of property, STAG has developed an investment strategy that helps investors find a powerful balance of income plus growth.
STAG Industrial Trading Up 0.1 %
Shares of NYSE:STAG traded up $0.02 during mid-day trading on Tuesday, hitting $33.01. The stock had a trading volume of 844,325 shares, compared to its average volume of 1,227,139. The company's 50 day moving average is $31.61 and its 200-day moving average is $36.40. STAG Industrial has a 12-month low of $29.43 and a 12-month high of $48.27. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.34 and a current ratio of 1.34. The company has a market cap of $5.92 billion, a PE ratio of 25.77, a P/E/G ratio of 3.16 and a beta of 0.98.
STAG Industrial Announces Dividend
The firm also recently announced a monthly dividend, which will be paid on Monday, October 17th. Stockholders of record on Friday, September 30th will be given a $0.1217 dividend. The ex-dividend date of this dividend is Thursday, September 29th. This represents a $1.46 annualized dividend and a dividend yield of 4.42%. STAG Industrial's dividend payout ratio (DPR) is presently 114.06%.
Analyst Ratings Changes
A number of brokerages recently weighed in on STAG. Wells Fargo & Company reduced their target price on shares of STAG Industrial from $46.00 to $43.00 and set an "overweight" rating for the company in a report on Monday, June 6th. Jefferies Financial Group reduced their price objective on STAG Industrial from $47.00 to $43.00 and set a "buy" rating for the company in a research note on Thursday, June 30th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, STAG Industrial presently has an average rating of "Moderate Buy" and a consensus price target of $45.75.