Elo Mutual Pension Insurance Co Invests $1.90 Million in Stag Industrial, Inc. $STAG

Elo Mutual Pension Insurance Co acquired a new position in shares of Stag Industrial, Inc. (NYSE:STAG) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 53,765 shares of the real estate investment trust’s stock, valued at approximately $1,897,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Harvest Portfolios Group Inc. increased its position in Stag Industrial by 2.5% in the 3rd quarter. Harvest Portfolios Group Inc. now owns 62,962 shares of the real estate investment trust’s stock worth $2,222,000 after buying an additional 1,530 shares during the period. Huntington National Bank increased its position in Stag Industrial by 16.1% during the third quarter. Huntington National Bank now owns 4,056 shares of the real estate investment trust’s stock worth $143,000 after acquiring an additional 561 shares during the period. Aster Capital Management DIFC Ltd bought a new position in Stag Industrial during the third quarter worth $390,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in Stag Industrial by 5.3% during the 3rd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 141,070 shares of the real estate investment trust’s stock valued at $4,978,000 after purchasing an additional 7,136 shares during the last quarter. Finally, Aew Capital Management L P boosted its holdings in Stag Industrial by 19.4% in the 3rd quarter. Aew Capital Management L P now owns 4,300 shares of the real estate investment trust’s stock valued at $152,000 after purchasing an additional 700 shares during the period. Institutional investors and hedge funds own 88.67% of the company’s stock.

Stag Industrial Stock Up 0.4%

NYSE STAG opened at $39.51 on Thursday. Stag Industrial, Inc. has a 1-year low of $28.61 and a 1-year high of $39.98. The company has a market capitalization of $7.55 billion, a price-to-earnings ratio of 27.06 and a beta of 1.04. The stock’s 50 day moving average is $38.00 and its two-hundred day moving average is $37.55. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.89.

Stag Industrial (NYSE:STAG) last issued its earnings results on Wednesday, February 11th. The real estate investment trust reported $0.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.63 by $0.03. The business had revenue of $220.90 million during the quarter, compared to analysts’ expectations of $213.66 million. Stag Industrial had a return on equity of 7.68% and a net margin of 32.35%.Stag Industrial’s quarterly revenue was up 10.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.61 EPS. Equities analysts forecast that Stag Industrial, Inc. will post 2.47 earnings per share for the current fiscal year.

Stag Industrial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be paid a $0.3875 dividend. This represents a $1.55 annualized dividend and a dividend yield of 3.9%. The ex-dividend date is Tuesday, March 31st. Stag Industrial’s payout ratio is currently 102.05%.

Insider Transactions at Stag Industrial

In other news, CEO William R. Crooker sold 93,732 shares of the firm’s stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $39.17, for a total transaction of $3,671,482.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Virgis Colbert sold 18,000 shares of Stag Industrial stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $38.08, for a total transaction of $685,440.00. Following the completion of the transaction, the director owned 4,210 shares of the company’s stock, valued at $160,316.80. This trade represents a 81.04% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 136,974 shares of company stock valued at $5,345,904. 1.10% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on STAG. Evercore restated an “outperform” rating on shares of Stag Industrial in a report on Friday, February 13th. Royal Bank Of Canada lifted their target price on Stag Industrial from $38.00 to $42.00 and gave the stock a “sector perform” rating in a research report on Thursday, November 6th. Barclays reaffirmed an “underweight” rating and issued a $39.00 price target (down from $40.00) on shares of Stag Industrial in a report on Tuesday, January 13th. Weiss Ratings reissued a “buy (b)” rating on shares of Stag Industrial in a report on Monday, December 22nd. Finally, Wells Fargo & Company upped their target price on Stag Industrial from $37.00 to $38.00 and gave the company an “equal weight” rating in a research note on Monday, November 10th. Three equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $39.50.

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.