Mirae Asset Global Investments Co. Ltd. makes $3.22 million investment in STAG Industrial, Inc. (NYSE:STAG)

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STAG Industrial: Mirae Asset Global Investments Co. Ltd. Acquires New Stake

Mirae Asset Global Investments Co. Ltd. recently made a significant move by purchasing a new stake in STAG Industrial, Inc. during the first quarter. The company acquired 83,813 shares of the real estate investment trust’s stock, valued at approximately $3,222,000. This purchase comes as several other institutional investors and hedge funds have also been actively buying and selling shares of STAG Industrial.

Vanguard Group Inc., Massachusetts Financial Services Co. MA, Charles Schwab Investment Management Inc., Dimensional Fund Advisors LP, and Boston Trust Walden Corp are among the institutions that have increased their stakes in STAG Industrial in recent months. These moves have contributed to the company’s positive performance in the market, with STAG Industrial trading up 2.9%.

In addition to the increase in institutional investments, STAG Industrial has also announced an increase in its monthly dividend. The company will be paying a dividend of $0.1233 per share on August 15th, up from the previous monthly dividend of $0.12. This represents a $1.48 annualized dividend and a dividend yield of 3.97%.

However, there has also been insider activity, with Director Benjamin S. Butcher selling 30,000 shares of the company’s stock in early June. Analysts have set new price targets for STAG Industrial, with a consensus rating of “Hold” and a consensus target price of $39.00.

STAG Industrial, Inc. is a real estate investment trust focused on industrial properties throughout the United States. The company’s platform is designed to identify properties for acquisition that offer relative value across industrial real estate markets, industries, and tenants.

Overall, STAG Industrial’s recent developments in institutional investments, dividend increases, insider activity, and analyst ratings make it a stock to watch in the coming months. Investors and analysts alike will be keeping a close eye on the company’s performance in the industrial real estate market.