163,848 Shares in Stag Industrial, Inc. $STAG Bought by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in Stag Industrial, Inc. (NYSE:STAG) in the second quarter, Holdings Channel.com reports. The firm bought 163,848 shares of the real estate investment trust’s stock, valued at approximately $6,236,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Pacific Heights Asset Management LLC increased its holdings in Stag Industrial by 25.0% in the 4th quarter. Pacific Heights Asset Management LLC now owns 500,000 shares of the real estate investment trust’s stock worth $18,380,000 after buying an additional 100,000 shares during the period. Oppenheimer Asset Management Inc. purchased a new stake in shares of Stag Industrial in the 2nd quarter valued at $3,693,000. Bessemer Group Inc. increased its stake in shares of Stag Industrial by 8.0% in the fourth quarter. Bessemer Group Inc. now owns 834,733 shares of the real estate investment trust’s stock worth $30,684,000 after acquiring an additional 61,675 shares during the period. Geode Capital Management LLC increased its stake in shares of Stag Industrial by 1.7% in the fourth quarter. Geode Capital Management LLC now owns 3,830,915 shares of the real estate investment trust’s stock worth $140,851,000 after acquiring an additional 65,502 shares during the period. Finally, Renaissance Technologies LLC purchased a new position in shares of Stag Industrial during the first quarter worth $3,444,000. Institutional investors and hedge funds own 88.67% of the company’s stock.

Stag Industrial Price Performance

NYSE:STAG opened at $36.68 on Friday. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.76 and a quick ratio of 1.76. The company has a 50 day moving average price of $38.66 and a 200-day moving average price of $38.33. Stag Industrial, Inc. has a 1-year low of $34.40 and a 1-year high of $42.61. The firm has a market cap of $7.07 billion, a price-to-earnings ratio of 28.22 and a beta of 0.96.

Stag Industrial (NYSE:STAG) last released its quarterly earnings results on Tuesday, July 28th. The real estate investment trust reported $0.28 EPS for the quarter, missing the consensus estimate of $0.65 by ($0.37). The firm had revenue of $224.37 million for the quarter, compared to analyst estimates of $223.04 million. Stag Industrial had a net margin of 28.04% and a return on equity of 6.79%. The firm’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.63 EPS. Equities research analysts forecast that Stag Industrial, Inc. will post 2.63 EPS for the current year.

Stag Industrial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be paid a dividend of $0.3875 per share. This represents a $1.55 annualized dividend and a dividend yield of 4.2%. The ex-dividend date of this dividend is Wednesday, September 30th. Stag Industrial’s dividend payout ratio is presently 119.23%.

Wall Street Analysts Forecast Growth

STAG has been the subject of a number of research reports. Evercore restated an “outperform” rating and set a $44.00 target price on shares of Stag Industrial in a research report on Wednesday, April 29th. Wall Street Zen raised Stag Industrial from a “sell” rating to a “hold” rating in a research report on Sunday, August 16th. Robert W. Baird set a $138.00 price objective on Stag Industrial in a report on Friday, July 31st. Weiss Ratings reissued a “buy (b-)” rating on shares of Stag Industrial in a report on Friday, July 31st. Finally, Raymond James Financial initiated coverage on Stag Industrial in a research note on Wednesday, June 17th. They issued an “outperform” rating and a $44.00 target price on the stock. Three investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $50.50.

Stag Industrial Company 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.