STAG Industrial, Inc. (NYSE:STAG) Sees Large Decrease in Short Interest

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

STAG Industrial Stock Down 1.2 %

NYSE STAG traded down $0.40 during trading hours on Friday, reaching $33.86. 541,787 shares of the company’s stock were exchanged, compared to its average volume of 1,077,317. 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 company has a market capitalization of $6.17 billion, a price-to-earnings ratio of 34.20 and a beta of 1.07. The company’s 50-day moving average is $36.32 and its two-hundred day moving average is $37.70. STAG Industrial has a one year low of $33.18 and a one year high of $41.63.

STAG Industrial Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, January 15th. Investors 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 dividend on an annualized basis and a dividend yield of 4.37%. STAG Industrial’s payout ratio is presently 149.49%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Barclays cut their price target on STAG Industrial from $42.00 to $40.00 and set an “equal weight” rating for the company in a report on Monday, October 28th. Wells Fargo & Company dropped 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 research note on Monday, November 4th. Finally, Raymond James raised their price target on shares of STAG Industrial from $39.00 to $40.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $41.00.

Institutional Trading of STAG Industrial

A number of institutional investors have recently made changes to their positions in STAG. UMB Bank n.a. raised its holdings 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 acquiring an additional 306 shares in the last quarter. Wetzel Investment Advisors Inc. bought a new stake in shares of STAG Industrial during the 2nd quarter worth approximately $38,000. Coastline Trust Co acquired a new stake in shares of STAG Industrial in the 3rd quarter valued at approximately $55,000. GAMMA Investing LLC grew its stake in shares of STAG Industrial by 72.7% in the third quarter. GAMMA Investing LLC now owns 1,566 shares of the real estate investment trust’s stock valued at $61,000 after buying an additional 659 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in STAG Industrial during the second quarter worth $57,000. Institutional investors 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.