Hsbc Holdings PLC Acquires 72,422 Shares of Stag Industrial, Inc. $STAG

Key Points

• Hsbc Holdings PLC increased its Stag Industrial stake by 21.4% in the second quarter, adding 72,422 shares to hold 410,203 shares valued at approximately $15.6 million. Institutional investors collectively own 88.67% of STAG.
• Analyst sentiment remains mixed: Robert W. Baird upgraded the stock to “outperform,” while Wells Fargo lowered its price target. Overall, analysts maintain a consensus “Hold” rating with a $40.70 price target.
• Stag Industrial reported quarterly revenue of $224.37 million, up 8.1% year over year, but earnings per share of $0.28 missed estimates. The REIT declared a quarterly dividend of $0.3875 per share, representing a 4.1% annualized yield.

Hsbc Holdings PLC grew its holdings in shares of Stag Industrial, Inc. (NYSE:STAG - Free Report) by 21.4% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 410,203 shares of the real estate investment trust's stock after acquiring an additional 72,422 shares during the quarter. Hsbc Holdings PLC owned 0.21% of Stag Industrial worth $15,632,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in STAG. Clearstead Advisors LLC grew its stake 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 buying an additional 482 shares during the last quarter. Measured Wealth Private Client Group LLC purchased a new position in Stag Industrial in the 3rd quarter worth approximately $27,000. Ancora Advisors LLC purchased a new position in Stag Industrial in the 2nd quarter worth approximately $28,000. Northwestern Mutual Wealth Management Co. bought a new stake in Stag Industrial in the second quarter valued at approximately $46,000. Finally, International Assets Investment Management LLC bought a new stake in Stag Industrial in the fourth quarter valued at approximately $51,000. 88.67% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

STAG has been the topic of several recent analyst reports. Robert W. Baird upgraded shares of Stag Industrial from a "neutral" rating to an "outperform" rating and set a $42.00 target price on the stock in a report on Monday, August 31st. Wall Street Zen raised shares of Stag Industrial from a "sell" rating to a "hold" rating in a research report on Saturday. Wells Fargo & Company cut their price target on shares of Stag Industrial from $40.00 to $38.00 and set an "equal weight" rating on the stock in a report on Tuesday, September 1st. Barclays raised their price target on shares of Stag Industrial from $38.00 to $41.00 and gave the stock an "underweight" rating in a report on Thursday, July 16th. Finally, Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Stag Industrial in a research note on Friday, July 31st. Four investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $40.70.

Stag Industrial Stock Performance

NYSE:STAG opened at $37.56 on Wednesday. The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 0.93. The firm's fifty day simple moving average is $38.40 and its 200 day simple moving average is $38.23. The stock has a market cap of $7.24 billion, a P/E ratio of 28.89 and a beta of 0.95. Stag Industrial, Inc. has a twelve month low of $34.40 and a twelve month high of $42.61.

Stag Industrial (NYSE:STAG - Get Free Report) last issued its quarterly earnings data on Tuesday, July 28th. The real estate investment trust reported $0.28 EPS for the quarter, missing the consensus estimate of $0.65 by ($0.37). Stag Industrial had a return on equity of 6.79% and a net margin of 28.04%.The company had revenue of $224.37 million during the quarter, compared to the consensus estimate of $223.04 million. During the same quarter last year, the company posted $0.63 earnings per share. The firm's revenue for the quarter was up 8.1% compared to the same quarter last year. As a group, research analysts predict that Stag Industrial, Inc. will post 2.63 EPS for the current year.

Stag Industrial Dividend Announcement

The company also recently disclosed 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. This represents a $1.55 annualized dividend and a yield of 4.1%. The ex-dividend date of this dividend is Wednesday, September 30th. Stag Industrial's payout ratio is presently 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.

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