OVERSEA CHINESE BANKING Corp Ltd Invests $4.84 Million in STAG Industrial, Inc. (NYSE:STAG)

OVERSEA CHINESE BANKING Corp Ltd purchased a new position in shares of STAG Industrial, Inc. (NYSE:STAG - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 123,355 shares of the real estate investment trust's stock, valued at approximately $4,843,000. OVERSEA CHINESE BANKING Corp Ltd owned 0.07% of STAG Industrial as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Eagle Bay Advisors LLC bought a new position in STAG Industrial in the 2nd quarter worth about $27,000. Fifth Third Bancorp boosted its stake in STAG Industrial by 121.3% in the 3rd quarter. Fifth Third Bancorp now owns 905 shares of the real estate investment trust's stock worth $31,000 after purchasing an additional 496 shares during the period. Rational Advisors LLC bought a new position in STAG Industrial in the 3rd quarter worth about $42,000. IFP Advisors Inc boosted its position in shares of STAG Industrial by 52.6% during the 2nd quarter. IFP Advisors Inc now owns 1,401 shares of the real estate investment trust's stock valued at $50,000 after acquiring an additional 483 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its position in shares of STAG Industrial by 304.2% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,625 shares of the real estate investment trust's stock valued at $53,000 after acquiring an additional 1,223 shares during the last quarter. Institutional investors own 88.67% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on STAG. BMO Capital Markets reiterated an "outperform" rating and set a $42.00 price target (up previously from $41.00) on shares of STAG Industrial in a research report on Monday, April 8th. Robert W. Baird reiterated a "neutral" rating and issued a $41.00 price objective (up previously from $38.00) on shares of STAG Industrial in a research report on Friday, January 5th. Royal Bank of Canada boosted their price objective on STAG Industrial from $39.00 to $40.00 and gave the company a "sector perform" rating in a research report on Friday, February 16th. Finally, Barclays started coverage on STAG Industrial in a research report on Wednesday, March 27th. They issued an "equal weight" rating and a $40.00 price objective for the company. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $39.13.

STAG Industrial Trading Up 1.6 %

Shares of STAG Industrial stock traded up $0.55 during midday trading on Friday, reaching $34.93. 1,478,068 shares of the company's stock traded hands, compared to its average volume of 911,932. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.79 and a current ratio of 1.79. The company has a market cap of $6.35 billion, a PE ratio of 32.34, a price-to-earnings-growth ratio of 4.93 and a beta of 1.02. The stock has a 50 day moving average of $37.53 and a 200-day moving average of $36.82. STAG Industrial, Inc. has a 12 month low of $31.69 and a 12 month high of $39.61.

STAG Industrial Announces Dividend

The company also recently declared 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 annualized dividend and a yield of 4.24%. STAG Industrial's payout ratio is 137.04%.

STAG Industrial Company 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.