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

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

Analysts Set New Price Targets

Several equities research analysts have commented on STAG shares. Evercore ISI boosted their target price on STAG Industrial from $43.00 to $44.00 and gave the stock an “outperform” rating in a report on Wednesday, August 28th. Wedbush upped their price target on shares of STAG Industrial from $44.00 to $45.00 and gave the stock an “outperform” rating in a research note on Monday, August 5th. Barclays cut 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 decreased 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 equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, STAG Industrial presently has an average rating of “Hold” and a consensus price target of $41.13.

Institutional Inflows and Outflows

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

STAG Industrial Price Performance

Shares of NYSE:STAG opened at $36.79 on Friday. 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 firm has a market cap of $6.70 billion, a price-to-earnings ratio of 37.16 and a beta of 1.09. The business has a 50-day simple moving average of $37.55 and a two-hundred day simple moving average of $37.70. STAG Industrial has a fifty-two week low of $34.09 and a fifty-two week high of $41.63.

STAG Industrial Dividend Announcement

The business also recently disclosed 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. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.48 annualized dividend and a dividend yield of 4.02%. STAG Industrial’s payout ratio is 149.49%.

STAG Industrial Company Profile

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.