Mitsubishi UFJ Asset Management Co. Ltd. Acquires 2,784 Shares of STAG Industrial, Inc. (NYSE:STAG)

Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in STAG Industrial, Inc. (NYSE:STAG) by 2.4% in the 4th quarter, Holdings Channel reports. The fund owned 120,349 shares of the real estate investment trust’s stock after purchasing an additional 2,784 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in STAG Industrial were worth $4,017,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Sugar Maple Asset Management LLC acquired a new position in STAG Industrial in the 4th quarter valued at approximately $43,000. Hilltop National Bank increased its position in shares of STAG Industrial by 19.2% during the fourth quarter. Hilltop National Bank now owns 2,243 shares of the real estate investment trust’s stock valued at $76,000 after purchasing an additional 362 shares during the period. Principal Securities Inc. raised its stake in shares of STAG Industrial by 20.7% in the fourth quarter. Principal Securities Inc. now owns 2,977 shares of the real estate investment trust’s stock valued at $101,000 after purchasing an additional 510 shares in the last quarter. Aew Capital Management L P lifted its position in STAG Industrial by 52.4% in the fourth quarter. Aew Capital Management L P now owns 3,200 shares of the real estate investment trust’s stock worth $108,000 after purchasing an additional 1,100 shares during the period. Finally, Venturi Wealth Management LLC acquired a new stake in STAG Industrial during the fourth quarter worth $109,000. Institutional investors and hedge funds own 88.67% of the company’s stock.

STAG Industrial Stock Up 0.2 %

Shares of STAG opened at $36.21 on Wednesday. The company has a market capitalization of $6.76 billion, a P/E ratio of 34.81 and a beta of 1.05. STAG Industrial, Inc. has a one year low of $32.27 and a one year high of $41.63. The business’s 50 day simple moving average is $35.24 and its 200-day simple moving average is $36.01. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.36 and a quick ratio of 1.36.

STAG Industrial (NYSE:STAG) last announced its earnings results on Wednesday, February 12th. The real estate investment trust reported $0.61 EPS for the quarter, topping the consensus estimate of $0.18 by $0.43. STAG Industrial had a return on equity of 5.51% and a net margin of 24.64%. As a group, sell-side analysts predict that STAG Industrial, Inc. will post 2.47 EPS for the current fiscal year.

STAG Industrial Increases Dividend

The business also recently disclosed a dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were given a $0.1242 dividend. This represents a yield of 4.25%. The ex-dividend date was Friday, February 28th. This is a boost from STAG Industrial’s previous dividend of $0.12. STAG Industrial’s dividend payout ratio (DPR) is presently 143.27%.

Insiders Place Their Bets

In other STAG Industrial news, Director Benjamin S. Butcher sold 50,000 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $35.10, for a total value of $1,755,000.00. Following the transaction, the director now directly owns 9,632 shares in the company, valued at approximately $338,083.20. This trade represents a 83.85 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on STAG. Royal Bank of Canada decreased their target price on shares of STAG Industrial from $40.00 to $38.00 and set a “sector perform” rating on the stock in a research report on Monday, January 27th. Raymond James lifted their price objective on STAG Industrial from $39.00 to $40.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. Finally, Barclays dropped their target price on STAG Industrial from $40.00 to $37.00 and set an “equal weight” rating for the company in a report on Tuesday, January 28th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $40.38.

STAG Industrial Company Profile

STAG Industrial, Inc is a real estate investment company, which engages in acquiring, owning, and managing single-tenant, industrial real estate assets. It offers industrial real estate operating platform to real estate ownership. The company was founded by Benjamin S. Butcher on July 21, 2010 and is headquartered in Boston, MA.