STAG Industrial, Inc. (NYSE:STAG) Shares Purchased by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in STAG Industrial, Inc. (NYSE:STAG) by 2.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 120,349 shares of the real estate investment trust’s stock after acquiring an additional 2,784 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.07% of STAG Industrial worth $4,017,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in STAG. FineMark National Bank & Trust increased its stake in STAG Industrial by 44.4% during the fourth quarter. FineMark National Bank & Trust now owns 151,358 shares of the real estate investment trust’s stock valued at $5,119,000 after purchasing an additional 46,553 shares during the last quarter. Segall Bryant & Hamill LLC increased its stake in shares of STAG Industrial by 0.8% during the fourth quarter. Segall Bryant & Hamill LLC now owns 1,102,124 shares of the real estate investment trust’s stock valued at $37,274,000 after acquiring an additional 8,970 shares during the period. Prudential Financial Inc. raised its stake in shares of STAG Industrial by 19.3% in the 4th quarter. Prudential Financial Inc. now owns 1,809,679 shares of the real estate investment trust’s stock worth $61,203,000 after buying an additional 292,252 shares in the last quarter. LPL Financial LLC raised its position in STAG Industrial by 10.3% in the fourth quarter. LPL Financial LLC now owns 136,261 shares of the real estate investment trust’s stock worth $4,608,000 after acquiring an additional 12,735 shares in the last quarter. Finally, Fox Run Management L.L.C. bought a new stake in shares of STAG Industrial in the 4th quarter worth approximately $351,000. 88.67% of the stock is currently owned by institutional investors.

STAG Industrial Trading Up 0.2 %

NYSE: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. The stock’s 50 day moving average price is $35.24 and its 200 day moving average price is $36.01. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.36 and a current ratio of 1.36. STAG Industrial, Inc. has a 52 week low of $32.27 and a 52 week high of $41.63.

STAG Industrial (NYSE:STAG) last released its quarterly earnings results on Wednesday, February 12th. The real estate investment trust reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.43. STAG Industrial had a net margin of 24.64% and a return on equity of 5.51%. On average, research analysts forecast that STAG Industrial, Inc. will post 2.47 EPS for the current fiscal year.

STAG Industrial Increases Dividend

The business also recently declared a dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were paid a dividend of $0.1242 per share. This represents a dividend yield of 4.25%. The ex-dividend date of this dividend was Friday, February 28th. This is an increase from STAG Industrial’s previous dividend of $0.12. STAG Industrial’s dividend payout ratio is 143.27%.

Insider Activity

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

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on STAG shares. Raymond James lifted their target price on STAG Industrial from $39.00 to $40.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. Barclays cut their price target on shares of STAG Industrial from $40.00 to $37.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 28th. Finally, Royal Bank of Canada reduced their target price on STAG Industrial from $40.00 to $38.00 and set a “sector perform” rating for the company in a report on Monday, January 27th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, STAG Industrial presently has a consensus rating of “Moderate Buy” and a consensus target price 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.