STAG Industrial, Inc. (NYSE:STAG) Short Interest Down 16.2% in November

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

Analyst Ratings Changes

STAG has been the topic of several recent analyst reports. Barclays dropped their target price on 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. Evercore ISI upped their price target 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 STAG Industrial from $44.00 to $45.00 and gave the stock an “outperform” rating in a report on Monday, August 5th. Finally, Wells Fargo & Company lowered their price target on STAG Industrial from $41.00 to $38.00 and set an “equal weight” rating on the stock in a report on Monday, November 4th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $41.13.

Institutional Investors Weigh In On STAG Industrial

Institutional investors and hedge funds have recently bought and sold shares of the stock. Cetera Investment Advisers lifted its stake 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 valued at $2,721,000 after buying an additional 62,594 shares in the last quarter. Earnest Partners LLC lifted its stake in shares of STAG Industrial by 2.2% during the 2nd quarter. Earnest Partners LLC now owns 3,652,984 shares of the real estate investment trust’s stock worth $131,727,000 after purchasing an additional 78,189 shares during the period. Harbor Capital Advisors Inc. lifted its stake in shares of STAG Industrial by 317.6% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 34,067 shares of the real estate investment trust’s stock worth $1,228,000 after purchasing an additional 25,909 shares during the period. Los Angeles Capital Management LLC lifted 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 worth $5,688,000 after purchasing an additional 110,410 shares during the period. Finally, Atria Investments Inc purchased a new position in shares of STAG Industrial during the 1st quarter worth $1,024,000. Hedge funds and other institutional investors own 88.67% of the company’s stock.

STAG Industrial Price Performance

STAG stock opened at $36.79 on Friday. STAG Industrial has a 1 year low of $34.09 and a 1 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 $37.59 and its 200 day moving average price is $37.69. The firm has a market cap of $6.70 billion, a P/E ratio of 37.16 and a beta of 1.09.

STAG Industrial Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be paid 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 payout ratio is currently 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.