BNP Paribas Financial Markets Buys 72,535 Shares of STAG Industrial, Inc. (NYSE:STAG)

BNP Paribas Financial Markets increased its position in STAG Industrial, Inc. (NYSE:STAG - Free Report) by 219.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 105,582 shares of the real estate investment trust's stock after buying an additional 72,535 shares during the period. BNP Paribas Financial Markets owned 0.06% of STAG Industrial worth $4,145,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Spire Wealth Management boosted its holdings in STAG Industrial by 124.1% in the fourth quarter. Spire Wealth Management now owns 688 shares of the real estate investment trust's stock worth $26,000 after purchasing an additional 381 shares in the last quarter. Fifth Third Bancorp increased its holdings in shares of STAG Industrial by 121.3% during the 3rd quarter. Fifth Third Bancorp now owns 905 shares of the real estate investment trust's stock valued at $31,000 after acquiring an additional 496 shares during the last quarter. HHM Wealth Advisors LLC bought a new position in shares of STAG Industrial in the 4th quarter valued at approximately $31,000. Rational Advisors LLC acquired a new stake in STAG Industrial in the 3rd quarter worth approximately $42,000. Finally, Sound Income Strategies LLC boosted its position in STAG Industrial by 35.5% during the fourth quarter. Sound Income Strategies LLC now owns 1,363 shares of the real estate investment trust's stock worth $54,000 after purchasing an additional 357 shares during the period. 88.67% of the stock is owned by institutional investors.

STAG Industrial Stock Performance

STAG stock traded down $0.23 during midday trading on Tuesday, hitting $35.96. The stock had a trading volume of 588,441 shares, compared to its average volume of 1,126,017. STAG Industrial, Inc. has a 52 week low of $31.69 and a 52 week high of $39.61. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 0.78. The stock has a 50-day simple moving average of $36.39 and a 200 day simple moving average of $37.07. The firm has a market capitalization of $6.55 billion, a price-to-earnings ratio of 35.96, a P/E/G ratio of 5.41 and a beta of 1.05.

STAG Industrial Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be paid a $0.1233 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $1.48 dividend on an annualized basis and a yield of 4.12%. STAG Industrial's payout ratio is currently 148.00%.

Analyst Ratings Changes

A number of analysts have recently weighed in on STAG shares. Royal Bank of Canada boosted their price objective on shares of STAG Industrial from $39.00 to $40.00 and gave the stock a "sector perform" rating in a research note on Friday, February 16th. BMO Capital Markets reaffirmed an "outperform" rating and issued a $42.00 price target (up from $41.00) on shares of STAG Industrial in a research report on Monday, April 8th. Finally, Barclays assumed coverage on STAG Industrial in a research report on Wednesday, March 27th. They set an "equal weight" rating and a $40.00 price objective for the company. Six analysts have rated the stock with a hold rating and two have given 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 $39.13.

STAG Industrial Profile

We are a REIT focused on the acquisition, ownership, and operation of industrial properties throughout the United States. Our platform is designed to (i) identify properties for acquisition that offer relative value across CBRE-EA Tier 1 industrial real estate markets, industries, and tenants through the principled application of our proprietary risk assessment model, (ii) provide growth through sophisticated industrial operation and an attractive opportunity set, and (iii) capitalize our business appropriately given the characteristics of our assets.