STAG Industrial, Inc. (NYSE:STAG) Sees Significant Decline in Short Interest

STAG Industrial, Inc. (NYSE:STAG) saw a large decrease in short interest during the month of November. As of November 15th, there was short interest totalling 5,890,000 shares, a decrease of 16.2% from the October 31st total of 7,030,000 shares. Based on an average trading volume of 1,010,000 shares, the short-interest ratio is presently 5.8 days.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Cetera Investment Advisers boosted its holdings in STAG Industrial by 763.9% in the 1st quarter. Cetera Investment Advisers now owns 70,788 shares of the real estate investment trust’s stock worth $2,721,000 after buying an additional 62,594 shares during the period. Earnest Partners LLC boosted its holdings in shares of STAG Industrial by 2.2% in the second quarter. Earnest Partners LLC now owns 3,652,984 shares of the real estate investment trust’s stock worth $131,727,000 after acquiring an additional 78,189 shares during the period. Harbor Capital Advisors Inc. grew its position in shares of STAG Industrial by 317.6% in the second quarter. Harbor Capital Advisors Inc. now owns 34,067 shares of the real estate investment trust’s stock valued at $1,228,000 after purchasing an additional 25,909 shares in the last quarter. Los Angeles Capital Management LLC raised its stake in shares of STAG Industrial by 314.5% during the 3rd quarter. Los Angeles Capital Management LLC now owns 145,520 shares of the real estate investment trust’s stock valued at $5,688,000 after purchasing an additional 110,410 shares during the period. Finally, Atria Investments Inc bought a new stake in shares of STAG Industrial during the 1st quarter valued at $1,024,000. Hedge funds and other institutional investors own 88.67% of the company’s stock.

STAG Industrial Trading Down 1.5 %

Shares of STAG stock opened at $36.79 on Monday. 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 cap of $6.70 billion, a P/E ratio of 37.16 and a beta of 1.09. The company has a 50 day moving average of $37.55 and a 200-day moving average of $37.71. STAG Industrial has a 12-month low of $34.09 and a 12-month high of $41.63.

STAG Industrial Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be given a $0.1233 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 4.02%. The ex-dividend date of this dividend is Tuesday, December 31st. STAG Industrial’s dividend payout ratio is currently 149.49%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Evercore ISI lifted their target price on STAG Industrial from $43.00 to $44.00 and gave the company an “outperform” rating in a research report on Wednesday, August 28th. Wells Fargo & Company cut their price objective on shares of STAG Industrial from $41.00 to $38.00 and set an “equal weight” rating on the stock in a report on Monday, November 4th. Barclays lowered their target price on shares of STAG Industrial from $42.00 to $40.00 and set an “equal weight” rating for the company in a report on Monday, October 28th. Finally, Wedbush boosted their price target on shares of STAG Industrial from $44.00 to $45.00 and gave the stock an “outperform” rating in a report on Monday, August 5th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, STAG Industrial has a consensus rating of “Hold” and an average price target of $41.13.

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.