Short Interest in STAG Industrial, Inc. (NYSE:STAG) Drops By 17.4%

STAG Industrial, Inc. (NYSE:STAG) was the target of a large 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 volume of 1,070,000 shares, the days-to-cover ratio is presently 4.6 days.

STAG Industrial Stock Performance

STAG traded up $0.06 on Tuesday, reaching $33.82. The stock had a trading volume of 1,277,138 shares, compared to its average volume of 1,078,960. The business’s 50-day moving average price is $36.24 and its two-hundred day moving average price is $37.71. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.87. STAG Industrial has a 12-month low of $33.18 and a 12-month high of $41.63. The company has a market cap of $6.16 billion, a P/E ratio of 34.16 and a beta of 1.07.

STAG Industrial Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a $0.1233 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.48 dividend on an annualized basis and a yield of 4.38%. STAG Industrial’s payout ratio is 149.49%.

Wall Street Analyst Weigh In

STAG has been the topic of several recent research reports. Barclays dropped their target price on STAG Industrial from $42.00 to $40.00 and set an “equal weight” rating for the company in a research report on Monday, October 28th. Wells Fargo & Company lowered their price target on shares of STAG Industrial from $41.00 to $38.00 and set an “equal weight” rating for the company in a research report on Monday, November 4th. Finally, Raymond James lifted their price target on STAG Industrial from $39.00 to $40.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. Five 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, STAG Industrial currently has a consensus rating of “Hold” and a consensus target price of $41.00.

Hedge Funds Weigh In On STAG Industrial

A number of institutional investors have recently bought and sold shares of STAG. UMB Bank n.a. lifted its stake in STAG Industrial by 54.1% during the 3rd 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. Resources Management Corp CT ADV lifted its position in shares of STAG Industrial by 1.3% during the second quarter. Resources Management Corp CT ADV now owns 29,475 shares of the real estate investment trust’s stock worth $1,063,000 after purchasing an additional 370 shares in the last quarter. State of Alaska Department of Revenue boosted its position in STAG Industrial by 0.4% in the 3rd quarter. State of Alaska Department of Revenue now owns 107,571 shares of the real estate investment trust’s stock valued at $4,204,000 after buying an additional 390 shares during the period. Atria Investments Inc boosted its holdings in STAG Industrial by 1.6% in the third quarter. Atria Investments Inc now owns 26,428 shares of the real estate investment trust’s stock valued at $1,033,000 after purchasing an additional 414 shares during the period. Finally, OVERSEA CHINESE BANKING Corp Ltd grew its position in shares of STAG Industrial by 0.4% during the third quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 111,167 shares of the real estate investment trust’s stock worth $4,346,000 after buying an additional 421 shares in the last quarter. 88.67% of the stock is owned by hedge funds and other institutional investors.

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.