Stag Industrial, Inc. $STAG Shares Sold by OVERSEA CHINESE BANKING Corp Ltd

OVERSEA CHINESE BANKING Corp Ltd decreased its position in shares of Stag Industrial, Inc. (NYSE:STAG) by 74.8% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 33,736 shares of the real estate investment trust’s stock after selling 100,093 shares during the quarter. OVERSEA CHINESE BANKING Corp Ltd’s holdings in Stag Industrial were worth $1,191,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in the company. NewEdge Advisors LLC grew its position in Stag Industrial by 17.6% during the 1st quarter. NewEdge Advisors LLC now owns 9,952 shares of the real estate investment trust’s stock worth $359,000 after purchasing an additional 1,491 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in Stag Industrial by 37.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,671,949 shares of the real estate investment trust’s stock valued at $60,391,000 after acquiring an additional 451,355 shares during the last quarter. Empowered Funds LLC acquired a new stake in Stag Industrial during the 1st quarter worth approximately $229,000. Geneos Wealth Management Inc. raised its stake in shares of Stag Industrial by 205.3% during the first quarter. Geneos Wealth Management Inc. now owns 2,723 shares of the real estate investment trust’s stock worth $98,000 after purchasing an additional 1,831 shares during the last quarter. Finally, Voya Investment Management LLC lifted its holdings in shares of Stag Industrial by 29.1% during the first quarter. Voya Investment Management LLC now owns 84,117 shares of the real estate investment trust’s stock worth $3,038,000 after purchasing an additional 18,943 shares during the period. 88.67% of the stock is owned by hedge funds and other institutional investors.

Stag Industrial Stock Performance

NYSE STAG opened at $37.45 on Friday. The business’s 50-day moving average price is $38.09 and its 200 day moving average price is $36.88. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.89. Stag Industrial, Inc. has a twelve month low of $28.61 and a twelve month high of $39.73. The company has a market capitalization of $6.99 billion, a PE ratio of 28.80 and a beta of 1.06.

Stag Industrial (NYSE:STAG) last issued its quarterly earnings results on Wednesday, October 29th. The real estate investment trust reported $0.65 EPS for the quarter, topping the consensus estimate of $0.63 by $0.02. The firm had revenue of $211.12 million during the quarter, compared to analyst estimates of $210.26 million. Stag Industrial had a net margin of 29.24% and a return on equity of 6.84%. Stag Industrial’s revenue for the quarter was up 10.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.60 earnings per share. On average, research analysts predict that Stag Industrial, Inc. will post 2.47 earnings per share for the current year.

Stag Industrial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be paid a dividend of $0.3875 per share. The ex-dividend date is Tuesday, March 31st. This represents a $1.55 annualized dividend and a dividend yield of 4.1%. Stag Industrial’s dividend payout ratio (DPR) is currently 114.62%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on STAG shares. Industrial Alliance Securities set a $39.00 price target on shares of Stag Industrial in a research note on Tuesday. Barclays reaffirmed an “underweight” rating and issued a $39.00 price target (down previously from $40.00) on shares of Stag Industrial in a report on Tuesday. Cantor Fitzgerald assumed coverage on Stag Industrial in a research report on Wednesday, October 1st. They set a “neutral” rating and a $37.00 price objective for the company. Weiss Ratings reissued a “buy (b)” rating on shares of Stag Industrial in a research report on Monday, December 22nd. Finally, Evercore ISI boosted their price target on Stag Industrial from $41.00 to $42.00 and gave the stock an “outperform” rating in a report on Friday, October 31st. Three investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $39.33.

Insider Activity at Stag Industrial

In other Stag Industrial news, EVP Michael Chase sold 13,144 shares of the firm’s stock in a transaction that occurred on Wednesday, November 5th. The stock was sold at an average price of $38.75, for a total transaction of $509,330.00. Following the completion of the sale, the executive vice president owned 9,422 shares in the company, valued at $365,102.50. This trade represents a 58.25% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.10% of the company’s stock.

Stag Industrial Profile

Stag Industrial, Inc is a real estate investment trust (REIT) that specializes in the acquisition, ownership and operation of single-tenant industrial properties throughout the United States. The company’s portfolio is focused on free-standing warehouses, distribution centers and light manufacturing facilities designed to meet the logistical needs of a diverse tenant base. By concentrating on properties with straightforward layouts and minimal common-area maintenance, Stag Industrial seeks to deliver stable rental income and attractive risk-adjusted returns for its shareholders.

Since its founding in 2010 and initial public offering in 2011, Stag Industrial has pursued a disciplined investment strategy centered on high-quality, well-located assets.