Hsbc Holdings PLC Acquires 15,418 Shares of Stag Industrial, Inc. $STAG

Hsbc Holdings PLC boosted its holdings in Stag Industrial, Inc. (NYSE:STAG) by 10.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 162,944 shares of the real estate investment trust’s stock after purchasing an additional 15,418 shares during the period. Hsbc Holdings PLC owned approximately 0.09% of Stag Industrial worth $5,912,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in STAG. Vanguard Group Inc. increased its holdings in shares of Stag Industrial by 1.3% in the first quarter. Vanguard Group Inc. now owns 26,178,628 shares of the real estate investment trust’s stock worth $945,572,000 after buying an additional 347,729 shares during the period. Earnest Partners LLC grew its position in Stag Industrial by 0.7% during the 1st quarter. Earnest Partners LLC now owns 3,820,565 shares of the real estate investment trust’s stock worth $137,999,000 after acquiring an additional 25,140 shares during the last quarter. Alliancebernstein L.P. increased its stake in Stag Industrial by 3.3% in the 1st quarter. Alliancebernstein L.P. now owns 3,788,036 shares of the real estate investment trust’s stock worth $136,824,000 after purchasing an additional 120,442 shares during the period. Geode Capital Management LLC lifted its position in Stag Industrial by 1.3% in the second quarter. Geode Capital Management LLC now owns 3,684,395 shares of the real estate investment trust’s stock valued at $133,690,000 after purchasing an additional 46,713 shares during the last quarter. Finally, Nuveen LLC purchased a new stake in shares of Stag Industrial during the first quarter valued at approximately $129,972,000. 88.67% of the stock is currently owned by hedge funds and other institutional investors.

Stag Industrial Stock Down 0.7%

Shares of NYSE:STAG opened at $38.83 on Friday. The firm has a market capitalization of $7.25 billion, a P/E ratio of 29.87 and a beta of 1.06. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.06 and a current ratio of 1.06. The stock has a 50 day moving average price of $37.95 and a 200-day moving average price of $36.55. Stag Industrial, Inc. has a 52-week low of $28.61 and a 52-week high of $39.73.

Stag Industrial (NYSE:STAG) last issued its quarterly earnings results on Wednesday, October 29th. The real estate investment trust reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.02. The company had revenue of $211.12 million for the quarter, compared to analysts’ expectations of $210.26 million. Stag Industrial had a return on equity of 6.84% and a net margin of 29.24%.The firm’s revenue for the quarter was up 10.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.60 earnings per share. As a group, equities research analysts anticipate that Stag Industrial, Inc. will post 2.47 EPS for the current fiscal year.

Stag Industrial Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Thursday, January 15th. Investors of record on Wednesday, December 31st will be given a dividend of $0.1242 per share. This represents a c) dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend is Wednesday, December 31st. Stag Industrial’s dividend payout ratio (DPR) is 114.62%.

Insider Activity

In other news, Director Larry T. Guillemette sold 2,004 shares of Stag Industrial stock in a transaction that occurred on Tuesday, September 23rd. The shares were sold at an average price of $35.20, for a total transaction of $70,540.80. Following the completion of the transaction, the director directly owned 38,666 shares in the company, valued at approximately $1,361,043.20. This trade represents a 4.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Michael Chase sold 13,144 shares of the firm’s stock in a transaction that occurred on Wednesday, November 5th. The shares were sold at an average price of $38.75, for a total value of $509,330.00. Following the transaction, the executive vice president directly owned 9,422 shares of the company’s stock, valued at approximately $365,102.50. This trade represents a 58.25% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 1.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on STAG shares. Industrial Alliance Securities set a $37.00 target price on shares of Stag Industrial in a research note on Wednesday, October 1st. Citigroup boosted their price objective on shares of Stag Industrial from $35.00 to $40.00 and gave the company a “neutral” rating in a research report on Tuesday, November 11th. Cantor Fitzgerald assumed coverage on shares of Stag Industrial in a report on Wednesday, October 1st. They set a “neutral” rating and a $37.00 target price for the company. Evercore ISI raised their target price on Stag Industrial from $41.00 to $42.00 and gave the stock an “outperform” rating in a research note on Friday, October 31st. Finally, Robert W. Baird upped their price target on Stag Industrial from $38.00 to $39.00 and gave the company a “neutral” rating in a research report on Tuesday, November 4th. Three analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $38.89.

Stag Industrial 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.