STAG Industrial, Inc. (NYSE:STAG) Short Interest Down 16.2% in November

STAG Industrial, Inc. (NYSE:STAG) saw a significant decline in short interest in the month of November. As of November 15th, there was short interest totalling 5,890,000 shares, a decline 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 presently 5.8 days.

Wall Street Analyst Weigh In

STAG has been the subject of several analyst reports. Wells Fargo & Company lowered their target price on 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. Wedbush lifted their price objective on STAG Industrial from $44.00 to $45.00 and gave the stock an “outperform” rating in a research note on Monday, August 5th. Barclays reduced 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, Evercore ISI raised their price target on shares of STAG Industrial from $43.00 to $44.00 and gave the stock an “outperform” rating in a report on Wednesday, August 28th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, STAG Industrial has an average rating of “Hold” and a consensus price target of $41.13.

STAG Industrial Price Performance

STAG Industrial stock opened at $36.79 on Monday. The stock has a market capitalization of $6.70 billion, a price-to-earnings ratio of 37.16 and a beta of 1.09. STAG Industrial has a 52-week low of $34.09 and a 52-week high of $41.63. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.42 and a current ratio of 1.42. The stock’s 50 day moving average price is $37.55 and its two-hundred day moving average price is $37.71.

STAG Industrial Announces Dividend

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

Institutional Investors Weigh In On STAG Industrial

Large investors have recently bought and sold shares of the stock. FMR LLC boosted its position in shares of STAG Industrial by 145.5% during the 3rd quarter. FMR LLC now owns 6,936,107 shares of the real estate investment trust’s stock worth $271,132,000 after purchasing an additional 4,111,268 shares in the last quarter. Bank of Montreal Can boosted its holdings in STAG Industrial by 330.5% in the third quarter. Bank of Montreal Can now owns 1,346,149 shares of the real estate investment trust’s stock worth $52,823,000 after acquiring an additional 1,033,485 shares in the last quarter. Westfield Capital Management Co. LP grew its stake in STAG Industrial by 36.0% in the third quarter. Westfield Capital Management Co. LP now owns 1,670,586 shares of the real estate investment trust’s stock valued at $65,303,000 after acquiring an additional 442,618 shares during the period. Ceredex Value Advisors LLC bought a new stake in shares of STAG Industrial during the second quarter valued at approximately $13,188,000. Finally, Charles Schwab Investment Management Inc. raised its position in shares of STAG Industrial by 7.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,169,164 shares of the real estate investment trust’s stock worth $123,883,000 after purchasing an additional 227,629 shares during the period. 88.67% of the stock is currently owned by institutional investors and hedge funds.

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.