Short Interest in STAG Industrial, Inc. (NYSE:STAG) Decreases By 61.0%

STAG Industrial, Inc. (NYSE:STAG) was the target of a significant decrease in short interest during the month of December. As of December 31st, there was short interest totalling 1,910,000 shares, a decrease of 61.0% from the December 15th total of 4,900,000 shares. Based on an average daily volume of 1,090,000 shares, the short-interest ratio is presently 1.8 days.

STAG Industrial Price Performance

Shares of NYSE STAG traded up $0.21 during mid-day trading on Monday, hitting $32.60. 380,735 shares of the stock were exchanged, compared to its average volume of 1,033,707. The company has a market cap of $5.94 billion, a P/E ratio of 32.93 and a beta of 1.09. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.42 and a current ratio of 1.42. STAG Industrial has a twelve month low of $32.27 and a twelve month high of $41.63. The stock’s fifty day simple moving average is $35.48 and its two-hundred day simple moving average is $37.57.

STAG Industrial Announces Dividend

The firm also recently declared a jan 25 dividend, which will be paid on Tuesday, February 18th. Investors of record on Friday, January 31st will be issued a $0.1242 dividend. STAG Industrial’s dividend payout ratio is 149.49%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Barclays cut their price target on shares of STAG Industrial from $42.00 to $40.00 and set an “equal weight” rating on the stock in a report on Monday, October 28th. Raymond James increased their target price on STAG Industrial from $39.00 to $40.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. 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. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $41.00.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in STAG. Point72 DIFC Ltd acquired a new position in shares of STAG Industrial during the third quarter worth approximately $717,000. Geode Capital Management LLC lifted its holdings in STAG Industrial by 0.6% during the 3rd quarter. Geode Capital Management LLC now owns 3,403,540 shares of the real estate investment trust’s stock worth $133,077,000 after buying an additional 21,925 shares in the last quarter. BNP Paribas Financial Markets boosted its position in STAG Industrial by 169.6% in the 3rd quarter. BNP Paribas Financial Markets now owns 132,412 shares of the real estate investment trust’s stock valued at $5,176,000 after buying an additional 83,296 shares during the last quarter. Earnest Partners LLC increased its stake in shares of STAG Industrial by 2.2% in the 2nd quarter. Earnest Partners LLC now owns 3,652,984 shares of the real estate investment trust’s stock valued at $131,727,000 after buying an additional 78,189 shares during the period. Finally, Los Angeles Capital Management LLC raised its position in shares of STAG Industrial by 314.5% during 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 acquiring an additional 110,410 shares during the last quarter. Institutional investors and hedge funds own 88.67% of the company’s stock.

STAG Industrial Company Profile

STAG Industrial, Inc is a real estate investment company, which engages in acquiring, owning, and managing single-tenant, industrial real estate assets. It offers industrial real estate operating platform to real estate ownership. The company was founded by Benjamin S. Butcher on July 21, 2010 and is headquartered in Boston, MA.