BNP Paribas Financial Markets Increases Position in STAG Industrial, Inc. (NYSE:STAG)

BNP Paribas Financial Markets grew its position in shares of STAG Industrial, Inc. (NYSE:STAG - Free Report) by 169.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 132,412 shares of the real estate investment trust's stock after purchasing an additional 83,296 shares during the period. BNP Paribas Financial Markets owned approximately 0.07% of STAG Industrial worth $5,176,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. FMR LLC lifted its holdings in shares of STAG Industrial by 145.5% during the 3rd quarter. FMR LLC now owns 6,936,107 shares of the real estate investment trust's stock worth $271,132,000 after acquiring an additional 4,111,268 shares during the last quarter. Bank of Montreal Can lifted its holdings in shares of STAG Industrial by 330.5% during the 3rd quarter. Bank of Montreal Can now owns 1,346,149 shares of the real estate investment trust's stock worth $52,823,000 after acquiring an additional 1,033,485 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in shares of STAG Industrial during the 3rd quarter worth $244,000. Daiwa Securities Group Inc. lifted its holdings in shares of STAG Industrial by 16.0% during the 3rd quarter. Daiwa Securities Group Inc. now owns 242,533 shares of the real estate investment trust's stock worth $9,481,000 after acquiring an additional 33,531 shares during the last quarter. Finally, Westfield Capital Management Co. LP lifted its holdings in shares of STAG Industrial by 36.0% during the 3rd quarter. Westfield Capital Management Co. LP now owns 1,670,586 shares of the real estate investment trust's stock worth $65,303,000 after acquiring an additional 442,618 shares during the last quarter. 88.67% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on STAG shares. Evercore ISI lifted their price objective on shares of STAG Industrial from $43.00 to $44.00 and gave the stock an "outperform" rating in a report on Wednesday, August 28th. Barclays lowered their price target on shares of STAG Industrial from $42.00 to $40.00 and set an "equal weight" rating for the company in a research note on Monday, October 28th. Finally, Wells Fargo & Company lowered their price target on shares of STAG Industrial from $41.00 to $38.00 and set an "equal weight" rating for the company in a research note on Monday, November 4th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $41.13.

STAG Industrial Trading Down 1.4 %

Shares of NYSE STAG traded down $0.50 during midday trading on Wednesday, hitting $36.03. 331,221 shares of the company traded hands, compared to its average volume of 1,069,284. STAG Industrial, Inc. has a 12-month low of $34.09 and a 12-month high of $41.63. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.42 and a current ratio of 1.42. The stock has a 50-day moving average price of $37.43 and a 200 day moving average price of $37.72. The firm has a market cap of $6.57 billion, a P/E ratio of 36.90 and a beta of 1.08.

STAG Industrial Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a dividend of $0.1233 per share. This represents a $1.48 annualized dividend and a dividend yield of 4.11%. The ex-dividend date is Tuesday, December 31st. STAG Industrial's dividend payout ratio is currently 149.49%.

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.