Short Interest in Stag Industrial Inc (STAG) Increases By 43.3%

Stag Industrial Inc (NYSE:STAG) was the target of a large growth in short interest in February. As of February 28th, there was short interest totalling 4,797,447 shares, a growth of 43.3% from the February 15th total of 3,347,076 shares. Based on an average trading volume of 1,124,480 shares, the days-to-cover ratio is presently 4.3 days. Approximately 7.1% of the shares of the stock are short sold.

In other news, EVP David G. King sold 35,000 shares of the business’s stock in a transaction that occurred on Friday, January 5th. The stock was sold at an average price of $26.41, for a total value of $924,350.00. Following the transaction, the executive vice president now directly owns 35,364 shares of the company’s stock, valued at approximately $933,963.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO William R. Crooker sold 31,889 shares of the business’s stock in a transaction that occurred on Friday, January 5th. The stock was sold at an average price of $26.41, for a total value of $842,188.49. Following the completion of the transaction, the chief financial officer now directly owns 46,493 shares in the company, valued at $1,227,880.13. The disclosure for this sale can be found here. Insiders sold a total of 165,069 shares of company stock worth $4,359,472 over the last three months. 2.00% of the stock is owned by company insiders.

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Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its stake in Stag Industrial by 4.0% in the 4th quarter. BlackRock Inc. now owns 8,387,711 shares of the real estate investment trust’s stock worth $229,236,000 after purchasing an additional 326,056 shares during the period. Bank of New York Mellon Corp boosted its stake in Stag Industrial by 4.5% in the 3rd quarter. Bank of New York Mellon Corp now owns 5,171,435 shares of the real estate investment trust’s stock worth $142,059,000 after purchasing an additional 220,542 shares during the period. Alliancebernstein L.P. boosted its stake in Stag Industrial by 28.5% in the 4th quarter. Alliancebernstein L.P. now owns 4,635,191 shares of the real estate investment trust’s stock worth $126,680,000 after purchasing an additional 1,027,966 shares during the period. Westwood Holdings Group Inc. boosted its stake in Stag Industrial by 3.4% in the 4th quarter. Westwood Holdings Group Inc. now owns 2,543,789 shares of the real estate investment trust’s stock worth $69,522,000 after purchasing an additional 82,502 shares during the period. Finally, Wedge Capital Management L L P NC boosted its stake in Stag Industrial by 2.8% in the 4th quarter. Wedge Capital Management L L P NC now owns 2,229,461 shares of the real estate investment trust’s stock worth $60,931,000 after purchasing an additional 59,861 shares during the period. Institutional investors and hedge funds own 84.57% of the company’s stock.

Shares of Stag Industrial (NYSE:STAG) opened at $23.83 on Friday. The company has a market cap of $2,339.47, a price-to-earnings ratio of 108.32, a price-to-earnings-growth ratio of 2.85 and a beta of 1.14. Stag Industrial has a 1 year low of $22.42 and a 1 year high of $28.95. The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt-to-equity ratio of 0.61.

Stag Industrial (NYSE:STAG) last issued its earnings results on Thursday, February 15th. The real estate investment trust reported $0.44 EPS for the quarter, beating the consensus estimate of $0.02 by $0.42. The company had revenue of $81.30 million during the quarter, compared to analysts’ expectations of $79.83 million. Stag Industrial had a net margin of 10.38% and a return on equity of 2.92%. The business’s revenue for the quarter was up 22.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.42 EPS. equities research analysts forecast that Stag Industrial will post 1.82 earnings per share for the current fiscal year.

Several research analysts have recently commented on the company. ValuEngine raised Stag Industrial from a “hold” rating to a “buy” rating in a report on Wednesday, March 7th. Royal Bank of Canada set a $28.00 price objective on shares of Stag Industrial and gave the stock a “buy” rating in a research report on Monday, February 26th. Zacks Investment Research upgraded shares of Stag Industrial from a “sell” rating to a “hold” rating in a research report on Thursday, February 22nd. DA Davidson restated a “neutral” rating on shares of Stag Industrial in a research report on Friday, February 16th. Finally, Cantor Fitzgerald set a $29.00 price objective on shares of Stag Industrial and gave the stock a “hold” rating in a research report on Thursday, February 15th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $29.69.

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Stag Industrial Company Profile

STAG Industrial, Inc is a real estate investment trust. The Company is focused on the acquisition, ownership, and operation of single-tenant, industrial properties across the United States. As of December 31, 2016, the Company owned 314 buildings in 37 states with approximately 60.9 million rentable square feet, consisting of 243 warehouse/distribution buildings, 54 light manufacturing buildings, 16 flex/office buildings, and one building in redevelopment.

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