STAG Industrial, Inc. (NYSE:STAG) Short Interest Update

STAG Industrial, Inc. (NYSE:STAG) was the target of a significant drop in short interest in the month of December. As of December 15th, there was short interest totalling 4,900,000 shares, a drop of 17.4% from the November 30th total of 5,930,000 shares. Based on an average daily volume of 1,070,000 shares, the short-interest ratio is currently 4.6 days.

STAG Industrial Price Performance

Shares of STAG stock traded down $0.40 during trading on Friday, hitting $33.86. The company had a trading volume of 541,787 shares, compared to its average volume of 1,077,317. The firm has a market capitalization of $6.17 billion, a P/E ratio of 34.20 and a beta of 1.07. STAG Industrial has a one year low of $33.18 and a one year 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 stock’s 50-day moving average price is $36.32 and its 200 day moving average price is $37.70.

STAG Industrial Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a dividend of $0.1233 per share. This represents a $1.48 annualized dividend and a dividend yield of 4.37%. The ex-dividend date of this dividend is Tuesday, December 31st. STAG Industrial’s dividend payout ratio (DPR) is currently 149.49%.

Analysts Set New Price Targets

STAG has been the topic of a number of research analyst reports. Raymond James increased their price target on STAG Industrial from $39.00 to $40.00 and gave the company an “outperform” rating in a research note on Wednesday, December 11th. Barclays dropped 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 report on Monday, October 28th. Finally, Wells Fargo & Company reduced 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 report on Monday, November 4th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $41.00.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of STAG. UMB Bank n.a. grew its stake in STAG Industrial by 54.1% during the third quarter. UMB Bank n.a. now owns 872 shares of the real estate investment trust’s stock worth $34,000 after buying an additional 306 shares in the last quarter. Wetzel Investment Advisors Inc. bought a new position in STAG Industrial in the second quarter valued at approximately $38,000. Coastline Trust Co acquired a new position in STAG Industrial during the third quarter valued at approximately $55,000. GAMMA Investing LLC lifted its stake in STAG Industrial by 72.7% during the third quarter. GAMMA Investing LLC now owns 1,566 shares of the real estate investment trust’s stock worth $61,000 after purchasing an additional 659 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in shares of STAG Industrial in the 2nd quarter valued at $57,000. Institutional investors and hedge funds own 88.67% of the company’s stock.

About STAG Industrial

We are a REIT focused on the acquisition, ownership, and operation of industrial properties throughout the United States. Our platform is designed to (i) identify properties for acquisition that offer relative value across CBRE-EA Tier 1 industrial real estate markets, industries, and tenants through the principled application of our proprietary risk assessment model, (ii) provide growth through sophisticated industrial operation and an attractive opportunity set, and (iii) capitalize our business appropriately given the characteristics of our assets.