Mitsubishi UFJ Asset Management Co. Ltd. Has $4.86 Million Holdings in Stag Industrial, Inc. $STAG

Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of Stag Industrial, Inc. (NYSE:STAG) by 5.1% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 133,934 shares of the real estate investment trust’s stock after purchasing an additional 6,460 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Stag Industrial were worth $4,859,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. First Hawaiian Bank increased its position in shares of Stag Industrial by 1.5% during the first quarter. First Hawaiian Bank now owns 19,132 shares of the real estate investment trust’s stock worth $691,000 after buying an additional 289 shares during the period. Tectonic Advisors LLC boosted its position in Stag Industrial by 2.4% during the second quarter. Tectonic Advisors LLC now owns 13,018 shares of the real estate investment trust’s stock valued at $472,000 after acquiring an additional 304 shares during the last quarter. Signaturefd LLC grew its holdings in Stag Industrial by 14.0% during the 1st quarter. Signaturefd LLC now owns 2,586 shares of the real estate investment trust’s stock worth $93,000 after acquiring an additional 317 shares during the period. Securian Asset Management Inc. raised its position in shares of Stag Industrial by 2.9% in the 1st quarter. Securian Asset Management Inc. now owns 14,169 shares of the real estate investment trust’s stock worth $512,000 after acquiring an additional 395 shares in the last quarter. Finally, Aew Capital Management L P raised its position in shares of Stag Industrial by 12.5% in the 1st quarter. Aew Capital Management L P now owns 3,600 shares of the real estate investment trust’s stock worth $130,000 after acquiring an additional 400 shares in the last quarter. 88.67% of the stock is owned by institutional investors.

Insider Transactions at Stag Industrial

In related news, Director Larry T. Guillemette sold 2,004 shares of the company’s stock in a transaction dated Tuesday, September 23rd. The shares were sold at an average price of $35.20, for a total value of $70,540.80. Following the sale, the director owned 38,666 shares in the company, valued at $1,361,043.20. This represents a 4.93% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Benjamin S. Butcher sold 25,000 shares of the firm’s stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $36.91, for a total transaction of $922,750.00. Following the completion of the transaction, the director directly owned 7,562 shares in the company, valued at approximately $279,113.42. The trade was a 76.78% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 40,148 shares of company stock valued at $1,502,621 over the last three months. Corporate insiders own 1.10% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Citigroup upped their target price on Stag Industrial from $35.00 to $40.00 and gave the company a “neutral” rating in a research report on Tuesday. Cantor Fitzgerald started coverage on Stag Industrial in a report on Wednesday, October 1st. They set a “neutral” rating and a $37.00 price target on the stock. Evercore ISI raised their price objective on shares of Stag Industrial from $41.00 to $42.00 and gave the stock an “outperform” rating in a research report on Friday, October 31st. Robert W. Baird boosted their target price on shares of Stag Industrial from $38.00 to $39.00 and gave the company a “neutral” rating in a research report on Tuesday, November 4th. Finally, Industrial Alliance Securities set a $37.00 target price on shares of Stag Industrial in a research note on Wednesday, October 1st. Three equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $38.89.

Stag Industrial Trading Down 1.0%

Shares of Stag Industrial stock opened at $38.69 on Friday. The stock has a market capitalization of $7.23 billion, a PE ratio of 29.76 and a beta of 0.95. Stag Industrial, Inc. has a 52 week low of $28.61 and a 52 week high of $39.57. The stock has a 50 day moving average price of $36.99 and a two-hundred day moving average price of $36.05. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.31 and a current ratio of 1.31.

Stag Industrial (NYSE:STAG) last issued its earnings results on Wednesday, October 29th. The real estate investment trust reported $0.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.63 by $0.02. Stag Industrial had a return on equity of 6.82% and a net margin of 29.24%.The company had revenue of $211.12 million for the quarter, compared to analysts’ expectations of $210.26 million. During the same period last year, the business earned $0.60 EPS. Stag Industrial’s quarterly revenue was up 10.7% compared to the same quarter last year. As a group, equities analysts anticipate that Stag Industrial, Inc. will post 2.47 earnings per share for the current fiscal year.

Stag Industrial Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st will be issued a dividend of $0.1242 per share. This represents a c) dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date is Wednesday, December 31st. Stag Industrial’s dividend payout ratio (DPR) is currently 114.62%.

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.