STAG Industrial, Inc. (NYSE:STAG) Short Interest Update

STAG Industrial, Inc. (NYSE:STAG - Get Free Report) was the recipient of a significant decline in short interest in December. As of December 31st, there was short interest totalling 1,910,000 shares, a decline of 61.0% from the December 15th total of 4,900,000 shares. Based on an average trading volume of 1,090,000 shares, the short-interest ratio is currently 1.8 days.

Institutional Trading of STAG Industrial

A number of hedge funds and other institutional investors have recently modified their holdings of STAG. UMB Bank n.a. grew its stake in STAG Industrial by 54.1% in the third quarter. UMB Bank n.a. now owns 872 shares of the real estate investment trust's stock valued at $34,000 after purchasing an additional 306 shares in the last quarter. Coastline Trust Co acquired a new stake in shares of STAG Industrial in the 3rd quarter valued at approximately $55,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of STAG Industrial in the second quarter valued at $57,000. GAMMA Investing LLC increased its holdings in STAG Industrial by 72.7% during the third quarter. GAMMA Investing LLC now owns 1,566 shares of the real estate investment trust's stock worth $61,000 after buying an additional 659 shares during the last quarter. Finally, Hilltop National Bank raised its position in STAG Industrial by 19.2% during the fourth quarter. Hilltop National Bank now owns 2,243 shares of the real estate investment trust's stock worth $76,000 after acquiring an additional 362 shares in the last quarter. Institutional investors and hedge funds own 88.67% of the company's stock.

STAG Industrial Stock Up 1.7 %

STAG traded up $0.56 during trading hours on Monday, hitting $32.95. 1,275,863 shares of the company's stock were exchanged, compared to its average volume of 1,165,520. The stock has a market cap of $6.00 billion, a price-to-earnings ratio of 33.28 and a beta of 1.09. STAG Industrial has a 1-year low of $32.27 and a 1-year high of $41.63. The stock's 50-day moving average is $35.40 and its two-hundred day moving average is $37.56. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.87.

STAG Industrial Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a $0.1242 dividend. This is a boost from STAG Industrial's previous monthly dividend of $0.12. The ex-dividend date is Monday, March 31st. This represents a $1.49 annualized dividend and a dividend yield of 4.52%. STAG Industrial's dividend payout ratio (DPR) is presently 149.49%.

Analysts Set New Price Targets

Several brokerages recently issued reports on STAG. Barclays decreased their price objective 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 objective 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 boosted their price objective on shares of STAG Industrial from $39.00 to $40.00 and gave the company an "outperform" rating in a research report on Wednesday, December 11th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, STAG Industrial currently has an average rating of "Moderate Buy" and an average target price of $41.00.

About STAG Industrial

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.