Hsbc Holdings PLC Buys Shares of 410,203 Stag Industrial, Inc. $STAG

Hsbc Holdings PLC purchased a new stake in Stag Industrial, Inc. (NYSE:STAG) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 410,203 shares of the real estate investment trust’s stock, valued at approximately $15,632,000.

A number of other hedge funds have also modified their holdings of the business. Measured Wealth Private Client Group LLC acquired a new position in Stag Industrial in the third quarter valued at about $27,000. Clearstead Advisors LLC increased its position in shares of Stag Industrial by 193.6% during the fourth quarter. Clearstead Advisors LLC now owns 731 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 482 shares during the last quarter. Ancora Advisors LLC acquired a new stake in shares of Stag Industrial during the second quarter valued at about $28,000. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Stag Industrial in the 2nd quarter valued at approximately $46,000. Finally, International Assets Investment Management LLC purchased a new stake in shares of Stag Industrial in the 4th quarter valued at approximately $51,000. 88.67% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently weighed in on STAG shares. Robert W. Baird set a $138.00 price objective on shares of Stag Industrial in a research report on Friday, July 31st. Wall Street Zen lowered Stag Industrial from a “hold” rating to a “sell” rating in a research report on Monday. Weiss Ratings restated a “buy (b-)” rating on shares of Stag Industrial in a research note on Friday, July 31st. Wells Fargo & Company lowered their price target on Stag Industrial from $41.00 to $40.00 and set an “equal weight” rating for the company in a research report on Monday, June 1st. Finally, Raymond James Financial started coverage on Stag Industrial in a research note on Wednesday, June 17th. They issued an “outperform” rating and a $44.00 price objective for the company. Three analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $50.50.

Stag Industrial Stock Down 0.2%

Shares of NYSE STAG opened at $37.10 on Friday. The stock has a market cap of $7.15 billion, a P/E ratio of 28.54 and a beta of 0.96. The company has a current ratio of 1.76, a quick ratio of 1.76 and a debt-to-equity ratio of 0.93. Stag Industrial, Inc. has a 12-month low of $34.40 and a 12-month high of $42.61. The business’s fifty day simple moving average is $38.60 and its 200-day simple moving average is $38.28.

Stag Industrial (NYSE:STAG) last issued its earnings results on Tuesday, July 28th. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.65 by ($0.37). The company had revenue of $224.37 million during 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 company’s quarterly revenue was up 8.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.63 EPS. As a group, equities analysts predict that Stag Industrial, Inc. will post 2.63 EPS for the current fiscal year.

Stag Industrial Announces Dividend

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

About Stag Industrial

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.