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

Stag Industrial, Inc. (NYSE:STAG) was the recipient of a significant decrease in short interest in 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. Based on an average trading volume of 1,773,968 shares, the short-interest ratio is presently 2.6 days. Approximately 2.5% of the shares of the stock are short sold. Approximately 2.5% of the shares of the stock are short sold. Based on an average trading volume of 1,773,968 shares, the short-interest ratio is presently 2.6 days.

Stag Industrial Stock Up 1.0%

Shares of NYSE:STAG traded up $0.39 during trading on Tuesday, hitting $38.45. 50,192 shares of the company were exchanged, compared to its average volume of 1,625,230. Stag Industrial has a fifty-two week low of $28.61 and a fifty-two week high of $39.88. The stock has a market cap of $7.34 billion, a price-to-earnings ratio of 26.34 and a beta of 1.06. 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 fifty day moving average price of $37.66 and a two-hundred day moving average price of $37.21.

Stag Industrial (NYSE:STAG) last released its quarterly earnings data on Wednesday, February 11th. The real estate investment trust reported $0.66 EPS for the quarter, beating the consensus estimate of $0.63 by $0.03. Stag Industrial had a net margin of 32.35% and a return on equity of 7.68%. The firm had revenue of $220.90 million for the quarter, compared to the consensus estimate of $213.66 million. During the same period in the previous year, the company earned $0.61 earnings per share. The company’s quarterly revenue was up 10.8% on a year-over-year basis. As a group, research analysts anticipate that Stag Industrial will post 2.47 earnings per share 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. Stockholders of record on Tuesday, March 31st will be paid a $0.3875 dividend. This represents a $1.55 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend is Tuesday, March 31st. Stag Industrial’s payout ratio is currently 102.05%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on STAG shares. Citigroup boosted their target price on shares of Stag Industrial from $35.00 to $40.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 11th. Barclays restated 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. Wells Fargo & Company increased their price objective on Stag Industrial from $37.00 to $38.00 and gave the company an “equal weight” rating in a research report on Monday, November 10th. iA Financial set a $39.00 target price on Stag Industrial in a research report on Tuesday, January 13th. Finally, Royal Bank Of Canada upped their price target on Stag Industrial from $38.00 to $42.00 and gave the company a “sector perform” rating in a research note on Thursday, November 6th. Three research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $39.44.

Hedge Funds Weigh In On Stag Industrial

A number of large investors have recently modified their holdings of the company. Private Trust Co. NA boosted its stake in shares of Stag Industrial by 2,183.9% during the 2nd quarter. Private Trust Co. NA now owns 708 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 677 shares in the last quarter. Clearstead Advisors LLC grew its holdings in shares of Stag Industrial by 193.6% during the 4th quarter. Clearstead Advisors LLC now owns 731 shares of the real estate investment trust’s stock worth $27,000 after acquiring an additional 482 shares during the period. Measured Wealth Private Client Group LLC bought a new position in shares of Stag Industrial in the 3rd quarter worth approximately $27,000. Root Financial Partners LLC purchased a new position in shares of Stag Industrial in the 3rd quarter valued at approximately $43,000. Finally, International Assets Investment Management LLC bought a new stake in shares of Stag Industrial during the fourth quarter valued at approximately $51,000. 88.67% of the stock is currently owned by institutional investors.

Stag Industrial Company Profile

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.