STAG Industrial, Inc. (NYSE:STAG) Sees Significant Growth in Short Interest

STAG Industrial, Inc. (NYSE:STAG - Get Free Report) was the recipient of a large growth in short interest during the month of May. As of May 15th, there was short interest totalling 5,340,000 shares, a growth of 18.7% from the April 30th total of 4,500,000 shares. Based on an average daily volume of 1,610,000 shares, the days-to-cover ratio is presently 3.3 days. Currently, 2.9% of the company's shares are short sold.

Analyst Ratings Changes

Several brokerages have weighed in on STAG. Robert W. Baird dropped their price objective on STAG Industrial from $39.00 to $38.00 and set a "neutral" rating for the company in a report on Wednesday, May 7th. Raymond James boosted their price objective on STAG Industrial from $36.00 to $38.00 and gave the stock an "outperform" rating in a report on Wednesday, May 7th. Finally, Royal Bank of Canada reissued a "sector perform" rating and set a $38.00 price objective on shares of STAG Industrial in a report on Monday, May 19th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $39.63.

STAG Industrial Trading Up 0.7%

Shares of STAG stock traded up $0.25 on Wednesday, reaching $36.28. The company had a trading volume of 2,230,785 shares, compared to its average volume of 1,245,404. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.86. The stock has a market cap of $6.77 billion, a PE ratio of 34.88 and a beta of 0.93. The company has a 50-day moving average of $33.82 and a 200-day moving average of $34.63. STAG Industrial has a 12 month low of $28.61 and a 12 month high of $41.63.

STAG Industrial (NYSE:STAG - Get Free Report) last posted its earnings results on Tuesday, April 29th. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.60 by $0.01. STAG Industrial had a return on equity of 5.51% and a net margin of 24.64%. The business had revenue of $205.57 million during the quarter, compared to analysts' expectations of $202.04 million. During the same period in the prior year, the business earned $0.59 EPS. STAG Industrial's revenue for the quarter was up 9.7% compared to the same quarter last year. On average, equities analysts forecast that STAG Industrial will post 2.47 earnings per share for the current year.

STAG Industrial Dividend Announcement

The firm also recently announced a dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be paid a dividend of $0.1242 per share. The ex-dividend date is Friday, May 30th. This represents a yield of 4.37%. STAG Industrial's payout ratio is 112.03%.

Institutional Trading of STAG Industrial

A number of large investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its stake in STAG Industrial by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 26,178,628 shares of the real estate investment trust's stock worth $945,572,000 after purchasing an additional 347,729 shares in the last quarter. FMR LLC boosted its position in STAG Industrial by 30.1% during the 4th quarter. FMR LLC now owns 9,024,946 shares of the real estate investment trust's stock worth $305,224,000 after acquiring an additional 2,088,839 shares during the last quarter. Earnest Partners LLC boosted its position in STAG Industrial by 0.7% during the 1st quarter. Earnest Partners LLC now owns 3,820,565 shares of the real estate investment trust's stock worth $137,999,000 after acquiring an additional 25,140 shares during the last quarter. Alliancebernstein L.P. boosted its position in STAG Industrial by 3.3% during the 1st quarter. Alliancebernstein L.P. now owns 3,788,036 shares of the real estate investment trust's stock worth $136,824,000 after acquiring an additional 120,442 shares during the last quarter. Finally, Nuveen Asset Management LLC boosted its position in STAG Industrial by 5.9% during the 4th quarter. Nuveen Asset Management LLC now owns 3,679,641 shares of the real estate investment trust's stock worth $124,445,000 after acquiring an additional 204,948 shares during the last quarter. 88.67% of the stock is owned by institutional investors.

STAG Industrial Company Profile

STAG Industrial, Inc is a real estate investment company, which engages in acquiring, owning, and managing single-tenant, industrial real estate assets. It offers industrial real estate operating platform to real estate ownership. The company was founded by Benjamin S. Butcher on July 21, 2010 and is headquartered in Boston, MA.

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