Hsbc Holdings PLC Invests $15.63 Million in Stag Industrial, Inc. $STAG

Key Points

• HSBC Holdings purchased 410,203 STAG Industrial shares worth approximately $15.63 million, representing a 0.21% stake. Institutional investors collectively own 88.67% of the REIT.
• STAG reported quarterly revenue of $224.37 million, up 8.1% year over year, but earnings of $0.28 per share fell well short of the $0.65 analyst consensus.
• The company declared a quarterly dividend of $0.3875, equivalent to a $1.55 annual payout and a 4.2% yield. Analysts’ consensus rating remains “Hold,” with an average price target of $50.50.

Hsbc Holdings PLC purchased a new stake in shares of Stag Industrial, Inc. (NYSE:STAG - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 410,203 shares of the real estate investment trust's stock, valued at approximately $15,632,000. Hsbc Holdings PLC owned 0.21% of Stag Industrial as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of STAG. BlackRock Inc. purchased a new position in shares of Stag Industrial in the 2nd quarter valued at about $1,097,126,000. Norges Bank acquired a new stake in Stag Industrial in the fourth quarter valued at approximately $295,644,000. Bank of New York Mellon Corp purchased a new stake in shares of Stag Industrial in the second quarter valued at approximately $58,805,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Stag Industrial by 434,005.1% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,098,286 shares of the real estate investment trust's stock valued at $40,373,000 after buying an additional 1,098,033 shares in the last quarter. Finally, Legal & General Group Plc acquired a new position in shares of Stag Industrial during the 2nd quarter worth approximately $36,392,000. Institutional investors and hedge funds own 88.67% of the company's stock.

Stag Industrial Stock Down 0.2%

Shares of STAG opened at $37.10 on Friday. The stock has a 50 day moving average price of $38.60 and a 200 day moving average price of $38.28. Stag Industrial, Inc. has a one year low of $34.40 and a one year high of $42.61. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.76 and a current ratio of 1.76. The stock has a market capitalization of $7.15 billion, a price-to-earnings ratio of 28.54 and a beta of 0.96.

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

Stag Industrial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be paid a $0.3875 dividend. This represents a $1.55 annualized dividend and a dividend yield of 4.2%. The ex-dividend date of this dividend is Wednesday, September 30th. Stag Industrial's dividend payout ratio (DPR) is currently 119.23%.

Analysts Set New Price Targets

A number of research firms recently issued reports on STAG. Raymond James Financial initiated coverage on shares of Stag Industrial in a research note on Wednesday, June 17th. They issued an "outperform" rating and a $44.00 price target on the stock. Wall Street Zen downgraded shares of Stag Industrial from a "hold" rating to a "sell" rating in a report on Monday. Barclays boosted their target price on shares of Stag Industrial from $38.00 to $41.00 and gave the stock an "underweight" rating in a research note on Thursday, July 16th. Weiss Ratings restated a "buy (b-)" rating on shares of Stag Industrial in a research report on Friday, July 31st. Finally, Robert W. Baird set a $138.00 price target on shares of Stag Industrial in a research note on Friday, July 31st. Three investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $50.50.

Stag Industrial 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.

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