Transcendent Capital Group LLC Purchases New Position in STAG Industrial, Inc. (NYSE:STAG)

Transcendent Capital Group LLC purchased a new stake in STAG Industrial, Inc. (NYSE:STAG) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 1,100 shares of the real estate investment trust’s stock, valued at approximately $43,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in STAG. Able Wealth Management LLC acquired a new stake in shares of STAG Industrial in the fourth quarter valued at approximately $63,000. Cohen & Steers Inc. boosted its holdings in shares of STAG Industrial by 944.0% in the fourth quarter. Cohen & Steers Inc. now owns 1,121,330 shares of the real estate investment trust’s stock valued at $44,023,000 after acquiring an additional 1,013,926 shares during the period. Dean Capital Management boosted its holdings in shares of STAG Industrial by 36.8% in the fourth quarter. Dean Capital Management now owns 42,831 shares of the real estate investment trust’s stock valued at $1,682,000 after acquiring an additional 11,521 shares during the period. Pinebridge Investments L.P. acquired a new stake in shares of STAG Industrial in the fourth quarter valued at approximately $2,223,000. Finally, Cibc World Markets Corp acquired a new stake in shares of STAG Industrial in the fourth quarter valued at approximately $2,362,000. 88.67% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Benjamin S. Butcher sold 30,000 shares of the firm’s stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $34.81, for a total value of $1,044,300.00. Following the completion of the transaction, the director now owns 8,304 shares in the company, valued at $289,062.24. The sale was disclosed in a document filed with the SEC, which is available at this link. 1.10% of the stock is currently owned by company insiders.

Analyst Ratings Changes

STAG has been the subject of several research analyst reports. Royal Bank of Canada increased their price objective on STAG Industrial from $39.00 to $40.00 and gave the company a “sector perform” rating in a report on Friday, February 16th. BNP Paribas started coverage on STAG Industrial in a research note on Tuesday, June 4th. They set a “neutral” rating and a $39.00 price target for the company. Barclays cut their price target on STAG Industrial from $40.00 to $39.00 and set an “equal weight” rating for the company in a research note on Friday, May 24th. Finally, BMO Capital Markets restated an “outperform” rating and set a $42.00 price target (up previously from $41.00) on shares of STAG Industrial in a research note on Monday, April 8th. Seven research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, STAG Industrial presently has an average rating of “Hold” and a consensus target price of $39.00.

STAG Industrial Price Performance

NYSE:STAG traded up $0.02 during trading hours on Friday, hitting $34.96. The company’s stock had a trading volume of 989,417 shares, compared to its average volume of 801,171. The business’s 50-day moving average is $35.41 and its two-hundred day moving average is $37.01. The company has a market capitalization of $6.37 billion, a PE ratio of 34.96, a PEG ratio of 4.94 and a beta of 1.08. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.75 and a current ratio of 1.75. STAG Industrial, Inc. has a 52-week low of $31.69 and a 52-week high of $39.61.

STAG Industrial Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be given a $0.1233 dividend. This represents a $1.48 annualized dividend and a yield of 4.23%. The ex-dividend date is Friday, June 28th. STAG Industrial’s payout ratio is 148.00%.

About STAG Industrial

We are a REIT focused on the acquisition, ownership, and operation of industrial properties throughout the United States. Our platform is designed to (i) identify properties for acquisition that offer relative value across CBRE-EA Tier 1 industrial real estate markets, industries, and tenants through the principled application of our proprietary risk assessment model, (ii) provide growth through sophisticated industrial operation and an attractive opportunity set, and (iii) capitalize our business appropriately given the characteristics of our assets.