Hsbc Holdings PLC Acquires 9,053 Shares of Stag Industrial, Inc. $STAG

Key Points

• Hsbc Holdings PLC increased its stake in Stag Industrial, Inc. by 6.5% to a total of 147,526 shares, representing an ownership value of approximately $5.3 million.
• Stag Industrial recently announced a dividend of $0.1242 per share, with a yield of 429.0% and an ex-dividend date on August 29th.
• The company reported an EPS of $0.63 for the last quarter, meeting analysts' expectations, while revenue grew by 9.4% year-over-year to $207.44 million.

Hsbc Holdings PLC boosted its position in shares of Stag Industrial, Inc. (NYSE:STAG - Free Report) by 6.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 147,526 shares of the real estate investment trust's stock after purchasing an additional 9,053 shares during the period. Hsbc Holdings PLC owned 0.08% of Stag Industrial worth $5,328,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in STAG. Versant Capital Management Inc boosted its holdings in Stag Industrial by 204.9% during the first quarter. Versant Capital Management Inc now owns 753 shares of the real estate investment trust's stock valued at $27,000 after purchasing an additional 506 shares in the last quarter. Tsfg LLC acquired a new stake in Stag Industrial during the first quarter valued at approximately $32,000. Garde Capital Inc. acquired a new stake in Stag Industrial during the first quarter valued at approximately $33,000. Avalon Trust Co acquired a new stake in Stag Industrial during the first quarter valued at approximately $36,000. Finally, Keystone Global Partners LLC acquired a new stake in Stag Industrial during the first quarter valued at approximately $41,000. Institutional investors and hedge funds own 88.67% of the company's stock.

Analyst Ratings Changes

STAG has been the topic of several recent analyst reports. Evercore ISI boosted their target price on Stag Industrial from $39.00 to $40.00 and gave the stock an "outperform" rating in a report on Wednesday, July 30th. Raymond James Financial upped their price objective on shares of Stag Industrial from $36.00 to $38.00 and gave the company an "outperform" rating in a research report on Wednesday, May 7th. Royal Bank Of Canada restated a "sector perform" rating and issued a $38.00 price objective on shares of Stag Industrial in a research report on Monday, May 19th. Finally, Robert W. Baird lowered their price objective on shares of Stag Industrial from $39.00 to $38.00 and set a "neutral" rating for the company in a research report on Wednesday, May 7th. Two investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $38.17.

Stag Industrial Stock Up 0.4%

STAG stock traded up $0.13 during trading hours on Friday, reaching $36.89. 1,069,479 shares of the stock were exchanged, compared to its average volume of 1,475,337. The firm's 50-day moving average is $35.74 and its 200-day moving average is $35.09. Stag Industrial, Inc. has a 12 month low of $28.61 and a 12 month high of $40.62. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.31 and a quick ratio of 1.31. The company has a market cap of $6.89 billion, a price-to-earnings ratio of 29.05 and a beta of 0.91.

Stag Industrial (NYSE:STAG - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The real estate investment trust reported $0.63 EPS for the quarter, hitting analysts' consensus estimates of $0.63. Stag Industrial had a net margin of 29.14% and a return on equity of 6.71%. The company had revenue of $207.44 million during the quarter, compared to the consensus estimate of $206.37 million. During the same period in the prior year, the business posted $0.61 EPS. The company's quarterly revenue was up 9.4% on a year-over-year basis. On average, equities research analysts expect that Stag Industrial, Inc. will post 2.47 earnings per share for the current year.

Stag Industrial Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, August 29th will be paid a $0.1242 dividend. This represents a c) annualized dividend and a yield of 4.0%. The ex-dividend date is Friday, August 29th. Stag Industrial's dividend payout ratio (DPR) is 117.32%.

Insider Transactions at Stag Industrial

In related news, Director Benjamin S. Butcher sold 28,843 shares of the firm's stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $36.90, for a total value of $1,064,306.70. Following the completion of the sale, the director directly owned 7,115 shares in the company, valued at approximately $262,543.50. This trade represents a 80.21% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 1.10% of the company's stock.

Stag Industrial Company 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.