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

Stag Industrial, Inc. (NYSE:STAG) saw a significant decline in short interest in January. As of January 30th, there was short interest totaling 4,619,386 shares, a decline of 13.2% from the January 15th total of 5,321,446 shares. Currently, 2.5% of the shares of the company are short sold. Based on an average daily volume of 1,773,968 shares, the short-interest ratio is presently 2.6 days. Based on an average daily volume of 1,773,968 shares, the short-interest ratio is presently 2.6 days. Currently, 2.5% of the shares of the company are short sold.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. State Street Corp grew its stake in shares of Stag Industrial by 1.5% during the 2nd quarter. State Street Corp now owns 9,539,842 shares of the real estate investment trust’s stock worth $347,261,000 after purchasing an additional 142,132 shares during the period. Norges Bank acquired a new position in Stag Industrial during the fourth quarter worth about $295,644,000. Alliancebernstein L.P. increased its holdings in Stag Industrial by 4.3% in the second quarter. Alliancebernstein L.P. now owns 3,950,923 shares of the real estate investment trust’s stock valued at $143,339,000 after buying an additional 162,887 shares in the last quarter. Cbre Investment Management Listed Real Assets LLC lifted its position in shares of Stag Industrial by 10.7% during the 3rd quarter. Cbre Investment Management Listed Real Assets LLC now owns 3,911,540 shares of the real estate investment trust’s stock valued at $138,038,000 after acquiring an additional 377,952 shares during the period. Finally, Geode Capital Management LLC lifted its position in shares of Stag Industrial by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 3,830,915 shares of the real estate investment trust’s stock valued at $140,851,000 after acquiring an additional 65,502 shares during the period. 88.67% of the stock is currently owned by hedge funds and other institutional investors.

Stag Industrial Price Performance

Shares of NYSE:STAG traded up $0.39 during midday trading on Tuesday, reaching $38.45. 50,192 shares of the company’s stock traded hands, compared to its average volume of 1,625,230. The company has a fifty day simple moving average of $37.66 and a two-hundred day simple moving average of $37.21. Stag Industrial has a 1 year low of $28.61 and a 1 year high of $39.88. The company has a market cap of $7.34 billion, a P/E ratio of 26.34 and a beta of 1.06. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.90 and a current ratio of 1.90.

Stag Industrial (NYSE:STAG) last posted its quarterly earnings results on Wednesday, February 11th. The real estate investment trust reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.03. The firm had revenue of $220.90 million for the quarter, compared to the consensus estimate of $213.66 million. Stag Industrial had a net margin of 32.35% and a return on equity of 7.68%. The company’s revenue for the quarter was up 10.8% on a year-over-year basis. During the same period last year, the firm posted $0.61 earnings per share. Equities analysts predict that Stag Industrial will post 2.47 EPS for the current fiscal year.

Stag Industrial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be issued a $0.3875 dividend. The ex-dividend date is Tuesday, March 31st. This represents a $1.55 dividend on an annualized basis and a dividend yield of 4.0%. Stag Industrial’s payout ratio is 102.05%.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Wall Street Zen upgraded shares of Stag Industrial from a “sell” rating to a “hold” rating in a research note on Saturday, February 7th. Wells Fargo & Company increased their price target on Stag Industrial from $37.00 to $38.00 and gave the company an “equal weight” rating in a research note on Monday, November 10th. Royal Bank Of Canada lifted their price objective on Stag Industrial from $38.00 to $42.00 and gave the stock a “sector perform” rating in a research note on Thursday, November 6th. Barclays reaffirmed an “underweight” rating and set a $39.00 price target (down previously from $40.00) on shares of Stag Industrial in a research note on Tuesday, January 13th. Finally, Evercore restated an “outperform” rating on shares of Stag Industrial in a research report on Friday. Three analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Stag Industrial currently has a consensus rating of “Hold” and a consensus price target of $39.44.

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.