Short Interest in STAG Industrial, Inc. (NYSE:STAG) Drops By 16.2%

STAG Industrial, Inc. (NYSE:STAG - Get Free Report) saw a significant drop in short interest in the month of November. As of November 15th, there was short interest totalling 5,890,000 shares, a drop of 16.2% from the October 31st total of 7,030,000 shares. Based on an average daily volume of 1,010,000 shares, the short-interest ratio is currently 5.8 days.

STAG Industrial Stock Down 1.1 %

Shares of NYSE:STAG traded down $0.43 during midday trading on Friday, hitting $36.79. 714,335 shares of the stock were exchanged, compared to its average volume of 1,072,094. STAG Industrial has a 52-week low of $34.09 and a 52-week high of $41.63. The company has a market capitalization of $6.70 billion, a PE ratio of 37.16 and a beta of 1.09. The business's fifty day simple moving average is $37.55 and its two-hundred day simple moving average is $37.70. 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 Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a $0.1233 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $1.48 annualized dividend and a yield of 4.02%. STAG Industrial's payout ratio is 149.49%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Centerpoint Advisors LLC acquired a new position in STAG Industrial during the 2nd quarter valued at approximately $25,000. GAMMA Investing LLC increased its position in STAG Industrial by 56.1% during the 2nd quarter. GAMMA Investing LLC now owns 907 shares of the real estate investment trust's stock worth $33,000 after purchasing an additional 326 shares in the last quarter. UMB Bank n.a. lifted its stake 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 purchasing an additional 306 shares during the last quarter. Wetzel Investment Advisors Inc. acquired a new position in shares of STAG Industrial in the 2nd quarter valued at $38,000. Finally, Blue Trust Inc. raised its stake in shares of STAG Industrial by 1,728.4% in the 2nd quarter. Blue Trust Inc. now owns 1,353 shares of the real estate investment trust's stock valued at $52,000 after acquiring an additional 1,279 shares in the last quarter. 88.67% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

STAG has been the topic of a number of analyst reports. 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 research report on Monday, October 28th. Evercore ISI increased their price target on STAG Industrial from $43.00 to $44.00 and gave the company an "outperform" rating in a research note on Wednesday, August 28th. Wedbush upped their target price on STAG Industrial from $44.00 to $45.00 and gave the stock an "outperform" rating in a research note on Monday, August 5th. Finally, Wells Fargo & Company cut their target price on STAG Industrial from $41.00 to $38.00 and set an "equal weight" rating on the stock in a research report on Monday, November 4th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $41.13.

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.