Stag Industrial, Inc. (NYSE:STAG) Sees Large Drop in Short Interest

Stag Industrial, Inc. (NYSE:STAG) was the recipient of a large decrease in short interest during the month of January. As of January 30th, there was short interest totaling 4,619,386 shares, a decrease of 13.2% from the January 15th total of 5,321,446 shares. Approximately 2.5% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,773,968 shares, the days-to-cover ratio is currently 2.6 days. Based on an average daily trading volume, of 1,773,968 shares, the days-to-cover ratio is currently 2.6 days. Approximately 2.5% of the shares of the stock are short sold.

Analysts Set New Price Targets

Several brokerages have recently issued reports on STAG. Citigroup upped their price objective on Stag Industrial from $35.00 to $40.00 and gave the company a “neutral” rating in a research report on Tuesday, November 11th. Wall Street Zen upgraded shares of Stag Industrial from a “sell” rating to a “hold” rating in a report on Saturday, February 7th. Barclays reissued an “underweight” rating and issued a $39.00 price objective (down previously from $40.00) on shares of Stag Industrial in a research report on Tuesday, January 13th. Weiss Ratings reissued a “buy (b)” rating on shares of Stag Industrial in a research note on Monday, December 22nd. Finally, Evercore reaffirmed an “outperform” rating on shares of Stag Industrial in a research note on Friday. Three analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $39.44.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Private Trust Co. NA increased its position in shares of Stag Industrial by 2,183.9% in the 2nd quarter. Private Trust Co. NA now owns 708 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 677 shares during the last quarter. Clearstead Advisors LLC grew its stake in Stag Industrial by 193.6% in the fourth quarter. Clearstead Advisors LLC now owns 731 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 482 shares in the last quarter. Measured Wealth Private Client Group LLC acquired a new position in Stag Industrial in the third quarter worth about $27,000. Root Financial Partners LLC bought a new stake in Stag Industrial in the third quarter valued at about $43,000. Finally, International Assets Investment Management LLC acquired a new stake in Stag Industrial during the fourth quarter valued at approximately $51,000. 88.67% of the stock is currently owned by institutional investors.

Stag Industrial Price Performance

STAG opened at $38.37 on Wednesday. Stag Industrial has a twelve month low of $28.61 and a twelve month high of $39.88. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.89. The firm has a market cap of $7.33 billion, a price-to-earnings ratio of 26.28 and a beta of 1.06. The company has a fifty day simple moving average of $37.66 and a 200 day simple moving average of $37.23.

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

Stag Industrial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be given a dividend of $0.3875 per share. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $1.55 dividend on an annualized basis and a dividend yield of 4.0%. Stag Industrial’s dividend payout ratio (DPR) is presently 102.05%.

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.