Short Interest in STAG Industrial, Inc. (NYSE:STAG) Decreases By 16.2%

STAG Industrial, Inc. (NYSE:STAG) saw a large drop in short interest in the month of 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 volume of 1,010,000 shares, the days-to-cover ratio is presently 5.8 days.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on STAG. Evercore ISI boosted their price target on STAG Industrial from $43.00 to $44.00 and gave the company an “outperform” rating in a report on Wednesday, August 28th. Barclays reduced 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. Wedbush lifted their price target on shares of STAG Industrial from $44.00 to $45.00 and gave the company an “outperform” rating in a report on Monday, August 5th. Finally, Wells Fargo & Company reduced their price objective on shares of STAG Industrial from $41.00 to $38.00 and set an “equal weight” rating for the company in a research note on Monday, November 4th. Five 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 presently has a consensus rating of “Hold” and a consensus target price of $41.13.

STAG Industrial Trading Down 1.1 %

STAG stock opened at $36.79 on Friday. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.42 and a quick ratio of 1.42. STAG Industrial has a 1-year low of $34.09 and a 1-year high of $41.63. The business has a 50 day simple moving average of $37.55 and a two-hundred day simple moving average of $37.70. The company has a market capitalization of $6.70 billion, a price-to-earnings ratio of 37.16 and a beta of 1.09.

STAG Industrial Dividend Announcement

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 given a dividend of $0.1233 per share. The ex-dividend date is Tuesday, December 31st. This represents a $1.48 dividend on an annualized basis and a dividend yield of 4.02%. STAG Industrial’s dividend payout ratio is 149.49%.

Hedge Funds Weigh In On STAG Industrial

Institutional investors have recently bought and sold shares of the stock. Price T Rowe Associates Inc. MD grew its position in shares of STAG Industrial by 4.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 107,323 shares of the real estate investment trust’s stock valued at $4,126,000 after purchasing an additional 4,577 shares in the last quarter. B. Riley Wealth Advisors Inc. grew its holdings in STAG Industrial by 4.6% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 10,666 shares of the real estate investment trust’s stock valued at $410,000 after buying an additional 470 shares in the last quarter. Atria Investments Inc bought a new stake in STAG Industrial in the 1st quarter worth approximately $1,024,000. Cetera Investment Advisers raised 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 worth $2,721,000 after acquiring an additional 62,594 shares in the last quarter. Finally, Cetera Advisors LLC boosted its position in shares of STAG Industrial by 1.0% during the 1st quarter. Cetera Advisors LLC now owns 40,380 shares of the real estate investment trust’s stock valued at $1,552,000 after acquiring an additional 409 shares during the last quarter. 88.67% of the stock is owned by hedge funds and other institutional investors.

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.