Mitsubishi UFJ Trust & Banking Corp Sells 4,764 Shares of STAG Industrial, Inc. (NYSE:STAG)

Mitsubishi UFJ Trust & Banking Corp lessened its stake in STAG Industrial, Inc. (NYSE:STAG) by 27.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,583 shares of the real estate investment trust’s stock after selling 4,764 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in STAG Industrial were worth $426,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Raymond James Financial Inc. purchased a new position in STAG Industrial in the 4th quarter worth approximately $57,561,000. Prudential Financial Inc. increased its stake in shares of STAG Industrial by 19.3% in the fourth 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 during the period. Channing Capital Management LLC raised its holdings in STAG Industrial by 7.8% during the 4th quarter. Channing Capital Management LLC now owns 2,259,638 shares of the real estate investment trust’s stock valued at $76,421,000 after buying an additional 164,284 shares during the last quarter. New York State Common Retirement Fund boosted its position in STAG Industrial by 15.7% during the 4th quarter. New York State Common Retirement Fund now owns 1,084,284 shares of the real estate investment trust’s stock valued at $36,670,000 after buying an additional 146,942 shares during the period. Finally, Ibex Wealth Advisors bought a new stake in STAG Industrial in the 4th quarter worth $4,562,000. 88.67% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

STAG has been the subject of a number of analyst reports. Barclays dropped their target price on shares of STAG Industrial from $40.00 to $37.00 and set an “equal weight” rating for the company in a report on Tuesday, January 28th. Raymond James increased their price objective on STAG Industrial from $39.00 to $40.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. Finally, Royal Bank of Canada reduced their target price on STAG Industrial from $40.00 to $38.00 and set a “sector perform” rating on the stock in a research note on Monday, January 27th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $40.38.

STAG Industrial Price Performance

STAG opened at $36.18 on Thursday. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.86. The company has a market cap of $6.75 billion, a price-to-earnings ratio of 34.79 and a beta of 1.05. The stock has a fifty day simple moving average of $35.29 and a two-hundred day simple moving average of $36.01. STAG Industrial, Inc. has a 12-month low of $32.27 and a 12-month high of $41.63.

STAG Industrial (NYSE:STAG) last issued its quarterly earnings results on Wednesday, February 12th. The real estate investment trust reported $0.61 earnings per share (EPS) 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%. Research analysts predict that STAG Industrial, Inc. will post 2.47 earnings per share for the current fiscal year.

STAG Industrial Increases Dividend

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

Insider Activity at STAG Industrial

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

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.