BNP Paribas Financial Markets Has $3.88 Million Position in STAG Industrial, Inc. (NYSE:STAG)

BNP Paribas Financial Markets decreased its holdings in shares of STAG Industrial, Inc. (NYSE:STAG - Free Report) by 13.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 114,664 shares of the real estate investment trust's stock after selling 17,748 shares during the quarter. BNP Paribas Financial Markets owned approximately 0.06% of STAG Industrial worth $3,878,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Alyeska Investment Group L.P. increased its stake in shares of STAG Industrial by 31.0% in the fourth quarter. Alyeska Investment Group L.P. now owns 1,016,483 shares of the real estate investment trust's stock valued at $34,377,000 after purchasing an additional 240,795 shares during the period. Aptus Capital Advisors LLC acquired a new stake in shares of STAG Industrial in the fourth quarter valued at approximately $229,000. Aristotle Capital Boston LLC increased its stake in shares of STAG Industrial by 4.5% in the fourth quarter. Aristotle Capital Boston LLC now owns 986,709 shares of the real estate investment trust's stock valued at $33,371,000 after purchasing an additional 42,378 shares during the period. AXA S.A. increased its stake in shares of STAG Industrial by 23.3% in the fourth quarter. AXA S.A. now owns 201,020 shares of the real estate investment trust's stock valued at $6,798,000 after purchasing an additional 38,020 shares during the period. Finally, Pennington Partners & CO. LLC bought a new position in shares of STAG Industrial in the fourth quarter valued at approximately $616,000. Institutional investors and hedge funds own 88.67% of the company's stock.

STAG Industrial Stock Performance

STAG stock traded up $0.38 during trading hours on Friday, reaching $35.86. The stock had a trading volume of 1,450,645 shares, compared to its average volume of 1,219,804. The stock has a 50-day simple moving average of $33.81 and a 200 day simple moving average of $34.80. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.36 and a quick ratio of 1.36. The stock has a market capitalization of $6.69 billion, a PE ratio of 34.48 and a beta of 0.93. STAG Industrial, Inc. has a fifty-two week low of $28.61 and a fifty-two week high of $41.63.

STAG Industrial (NYSE:STAG - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The real estate investment trust reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.01. STAG Industrial had a net margin of 24.64% and a return on equity of 5.51%. The business had revenue of $205.57 million during the quarter, compared to analysts' expectations of $202.04 million. During the same quarter in the previous year, the company earned $0.59 EPS. The business's revenue was up 9.7% on a year-over-year basis. Analysts predict that STAG Industrial, Inc. will post 2.47 EPS for the current fiscal year.

STAG Industrial Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be issued a dividend of $0.1242 per share. This represents a $1.49 annualized dividend and a dividend yield of 4.16%. The ex-dividend date of this dividend is Monday, June 30th. STAG Industrial's dividend payout ratio (DPR) is presently 112.03%.

Insiders Place Their Bets

In other news, Director Benjamin S. Butcher sold 50,000 shares of the business's stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $35.10, for a total value of $1,755,000.00. Following the transaction, the director now owns 9,632 shares in the company, valued at approximately $338,083.20. The trade was a 83.85% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.10% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on STAG. Robert W. Baird reduced their target price on shares of 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 lifted their target price on shares of STAG Industrial from $36.00 to $38.00 and gave the company an "outperform" rating in a research note on Wednesday, May 7th. Barclays cut their price target on shares of STAG Industrial from $40.00 to $37.00 and set an "equal weight" rating on the stock in a report on Tuesday, January 28th. Finally, Royal Bank of Canada dropped their target price on shares of STAG Industrial from $40.00 to $38.00 and set a "sector perform" rating on the stock in a report on Monday, January 27th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $39.63.

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.