Stag Industrial, Inc. (NYSE:STAG) Short Interest Down 35.9% in December

Stag Industrial, Inc. (NYSE:STAG) saw a significant decline in short interest in December. As of December 15th, there was short interest totaling 4,983,519 shares, a decline of 35.9% from the November 30th total of 7,777,541 shares. Approximately 2.7% of the company’s stock are short sold. Based on an average trading volume of 1,199,729 shares, the short-interest ratio is presently 4.2 days. Based on an average trading volume of 1,199,729 shares, the short-interest ratio is presently 4.2 days. Approximately 2.7% of the company’s stock are short sold.

Stag Industrial Stock Down 0.2%

STAG stock opened at $37.25 on Friday. The stock has a market capitalization of $6.96 billion, a price-to-earnings ratio of 28.65 and a beta of 1.06. The company has a 50-day moving average of $38.40 and a two-hundred day moving average of $36.78. Stag Industrial has a 52-week low of $28.61 and a 52-week high of $39.73. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.06 and a quick ratio of 1.06.

Stag Industrial (NYSE:STAG) last posted its quarterly earnings data on Wednesday, October 29th. The real estate investment trust reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.02. Stag Industrial had a return on equity of 6.84% and a net margin of 29.24%.The business had revenue of $211.12 million during the quarter, compared to analysts’ expectations of $210.26 million. During the same quarter in the previous year, the firm earned $0.60 EPS. The firm’s revenue was up 10.7% compared to the same quarter last year. As a group, equities research analysts anticipate that Stag Industrial will post 2.47 EPS for the current year.

Stag Industrial Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st will be issued a dividend of $0.1242 per share. The ex-dividend date is Wednesday, December 31st. This represents a c) dividend on an annualized basis and a dividend yield of 4.0%. Stag Industrial’s payout ratio is 114.62%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of Stag Industrial in a report on Monday, December 22nd. Wells Fargo & Company boosted their price target on Stag Industrial from $37.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Monday, November 10th. Robert W. Baird upped their price target on Stag Industrial from $38.00 to $39.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 4th. Industrial Alliance Securities set a $37.00 price objective on Stag Industrial in a report on Wednesday, October 1st. Finally, Royal Bank Of Canada boosted their target price on Stag Industrial from $38.00 to $42.00 and gave the stock a “sector perform” rating in a report on Thursday, November 6th. Three analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Stag Industrial presently has an average rating of “Hold” and a consensus price target of $38.89.

Insider Activity at Stag Industrial

In other news, EVP Michael Chase sold 13,144 shares of the stock in a transaction on Wednesday, November 5th. The shares were sold at an average price of $38.75, for a total transaction of $509,330.00. Following the transaction, the executive vice president owned 9,422 shares in the company, valued at $365,102.50. This represents a 58.25% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Stag Industrial

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Norges Bank acquired a new position in Stag Industrial during the 2nd quarter valued at $282,893,000. Cbre Investment Management Listed Real Assets LLC grew its position in Stag Industrial by 82.3% in the 2nd quarter. Cbre Investment Management Listed Real Assets LLC now owns 3,533,588 shares of the real estate investment trust’s stock worth $128,199,000 after purchasing an additional 1,595,238 shares during the last quarter. Balyasny Asset Management L.P. grew its position in Stag Industrial by 1,818.4% in the 3rd quarter. Balyasny Asset Management L.P. now owns 570,931 shares of the real estate investment trust’s stock worth $20,148,000 after purchasing an additional 541,170 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Stag Industrial by 37.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,671,949 shares of the real estate investment trust’s stock worth $60,391,000 after purchasing an additional 451,355 shares during the period. Finally, Prudential Financial Inc. raised its position in shares of Stag Industrial by 57.0% during the second quarter. Prudential Financial Inc. now owns 1,147,243 shares of the real estate investment trust’s stock valued at $41,622,000 after buying an additional 416,415 shares during the last quarter. Institutional investors and hedge funds own 88.67% of the company’s stock.

About Stag Industrial

Stag Industrial, Inc is a real estate investment trust (REIT) that specializes in the acquisition, ownership and operation of single-tenant industrial properties throughout the United States. The company’s portfolio is focused on free-standing warehouses, distribution centers and light manufacturing facilities designed to meet the logistical needs of a diverse tenant base. By concentrating on properties with straightforward layouts and minimal common-area maintenance, Stag Industrial seeks to deliver stable rental income and attractive risk-adjusted returns for its shareholders.

Since its founding in 2010 and initial public offering in 2011, Stag Industrial has pursued a disciplined investment strategy centered on high-quality, well-located assets.