Hsbc Holdings PLC Acquires 21,785 Shares of STAG Industrial, Inc. (NYSE:STAG)

Hsbc Holdings PLC boosted its position in shares of STAG Industrial, Inc. (NYSE:STAG - Free Report) by 18.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 138,473 shares of the real estate investment trust's stock after purchasing an additional 21,785 shares during the period. Hsbc Holdings PLC owned approximately 0.08% of STAG Industrial worth $4,683,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the company. Hilltop National Bank raised its holdings in shares of STAG Industrial by 19.2% in the fourth quarter. Hilltop National Bank now owns 2,243 shares of the real estate investment trust's stock valued at $76,000 after buying an additional 362 shares during the last quarter. Bridge Creek Capital Management LLC grew its stake in STAG Industrial by 0.4% in the 4th quarter. Bridge Creek Capital Management LLC now owns 142,417 shares of the real estate investment trust's stock worth $4,817,000 after acquiring an additional 600 shares during the period. Park Avenue Securities LLC grew its stake in shares of STAG Industrial by 40.3% during the 4th quarter. Park Avenue Securities LLC now owns 7,284 shares of the real estate investment trust's stock valued at $246,000 after buying an additional 2,091 shares during the period. Peak Financial Advisors LLC lifted its position in STAG Industrial by 3.0% during the fourth quarter. Peak Financial Advisors LLC now owns 12,415 shares of the real estate investment trust's stock valued at $420,000 after buying an additional 356 shares in the last quarter. Finally, Stolper Co boosted its position in STAG Industrial by 1.3% during the 4th quarter. Stolper Co now owns 51,957 shares of the real estate investment trust's stock worth $1,757,000 after purchasing an additional 680 shares during the period. Hedge funds and other institutional investors own 88.67% of the company's stock.

STAG Industrial Stock Up 2.3 %

Shares of STAG Industrial stock traded up $0.75 on Friday, hitting $33.84. 948,464 shares of the company traded hands, compared to its average volume of 1,193,409. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.86. The company has a market cap of $6.32 billion, a PE ratio of 32.54 and a beta of 0.96. The company has a 50-day moving average price of $34.19 and a 200 day moving average price of $35.05. STAG Industrial, Inc. has a 12-month low of $28.61 and a 12-month high of $41.63.

STAG Industrial (NYSE:STAG - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The real estate investment trust reported $0.61 EPS for the quarter, topping analysts' consensus estimates of $0.60 by $0.01. The company had revenue of $205.57 million during the quarter, compared to the consensus estimate of $202.04 million. STAG Industrial had a net margin of 24.64% and a return on equity of 5.51%. The firm's revenue for the quarter was up 9.7% compared to the same quarter last year. During the same period last year, the firm earned $0.59 EPS. Sell-side analysts predict that STAG Industrial, Inc. will post 2.47 earnings per share for the current year.

STAG Industrial Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be paid a $0.1242 dividend. This represents a $1.49 dividend on an annualized basis and a yield of 4.40%. The ex-dividend date of this dividend is Monday, June 30th. STAG Industrial's dividend payout ratio (DPR) is presently 112.03%.

Insider Buying and Selling

In other STAG Industrial news, Director Benjamin S. Butcher sold 50,000 shares of the business's stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $35.10, for a total transaction of $1,755,000.00. Following the completion of the transaction, the director now owns 9,632 shares in the company, valued at $338,083.20. The trade was a 83.85 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.10% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Raymond James cut their price target on STAG Industrial from $40.00 to $36.00 and set an "outperform" rating on the stock in a research note on Monday, April 14th. Royal Bank of Canada reduced their price objective on shares of STAG Industrial from $40.00 to $38.00 and set a "sector perform" rating on the stock in a research note on Monday, January 27th. Finally, Barclays dropped their target price on shares of STAG Industrial from $40.00 to $37.00 and set an "equal weight" rating for the company in a research report on Tuesday, January 28th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $39.57.

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.