STAG Industrial, Inc. (NYSE:STAG) Sees Significant Decline in Short Interest

STAG Industrial, Inc. (NYSE:STAG - Get Free Report) was the target of a significant decrease in short interest during the month of December. As of December 15th, there was short interest totalling 4,900,000 shares, a decrease 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 currently 4.6 days.

Institutional Trading of STAG Industrial

Large investors have recently made changes to their positions in the business. UMB Bank n.a. increased its position in shares of 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 valued at $34,000 after purchasing an additional 306 shares during the last quarter. Wetzel Investment Advisors Inc. bought a new position in STAG Industrial during the second quarter valued at $38,000. Coastline Trust Co bought a new position in STAG Industrial during the third quarter valued at $55,000. GAMMA Investing LLC raised 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 acquiring an additional 659 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of STAG Industrial in the 2nd quarter worth about $57,000. 88.67% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on STAG shares. Wells Fargo & Company dropped their price target on shares of STAG Industrial from $41.00 to $38.00 and set an "equal weight" rating on the stock in a research note on Monday, November 4th. Barclays decreased their target price on STAG Industrial from $42.00 to $40.00 and set an "equal weight" rating on the stock in a report on Monday, October 28th. Finally, Raymond James boosted 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 research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $41.00.

STAG Industrial Price Performance

Shares of NYSE STAG traded down $0.40 during midday trading on Friday, reaching $33.86. 541,787 shares of the stock traded hands, compared to its average volume of 1,077,317. The company's 50 day moving average is $36.32 and its 200 day moving average is $37.70. STAG Industrial has a one year low of $33.18 and a one year high of $41.63. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.42 and a quick ratio of 1.42. The stock has a market capitalization of $6.17 billion, a PE ratio of 34.20 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 given a dividend of $0.1233 per share. The ex-dividend date is Tuesday, December 31st. This represents a $1.48 annualized dividend and a yield of 4.37%. STAG Industrial's dividend payout ratio (DPR) is currently 149.49%.

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.