Jane Street Group LLC Sells 6,100 Shares of STAG Industrial, Inc. (NYSE:STAG)

Jane Street Group LLC lessened its holdings in STAG Industrial, Inc. (NYSE:STAG) by 4.4% during the fourth quarter, HoldingsChannel.com reports. The fund owned 131,986 shares of the real estate investment trust’s stock after selling 6,100 shares during the period. Jane Street Group LLC’s holdings in STAG Industrial were worth $4,464,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Norges Bank acquired a new stake in shares of STAG Industrial during the fourth quarter valued at about $75,471,000. FMR LLC boosted its stake in shares of STAG Industrial by 30.1% during the fourth quarter. FMR LLC now owns 9,024,946 shares of the real estate investment trust’s stock valued at $305,224,000 after purchasing an additional 2,088,839 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of STAG Industrial during the fourth quarter valued at about $57,561,000. Northern Trust Corp boosted its stake in shares of STAG Industrial by 33.3% during the fourth quarter. Northern Trust Corp now owns 2,090,046 shares of the real estate investment trust’s stock valued at $70,685,000 after purchasing an additional 522,568 shares in the last quarter. Finally, Franklin Resources Inc. boosted its stake in shares of STAG Industrial by 114.3% during the fourth quarter. Franklin Resources Inc. now owns 797,457 shares of the real estate investment trust’s stock valued at $26,970,000 after purchasing an additional 425,362 shares in the last quarter. Institutional investors own 88.67% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on STAG shares. Robert W. Baird cut their price target on STAG Industrial from $39.00 to $38.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 7th. Raymond James lifted their price objective on STAG Industrial from $36.00 to $38.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 7th. Barclays cut their price objective on STAG Industrial from $40.00 to $37.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 28th. Finally, Royal Bank of Canada cut their price objective on 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. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $39.63.

Insiders Place Their Bets

In other STAG Industrial news, Director Benjamin S. Butcher sold 50,000 shares of STAG Industrial stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $35.10, for a total value of $1,755,000.00. Following the completion of the sale, the director now directly owns 9,632 shares in the company, valued at approximately $338,083.20. The trade was a 83.85% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.10% of the stock is currently owned by corporate insiders.

STAG Industrial Price Performance

STAG Industrial stock opened at $34.60 on Monday. The stock’s 50 day moving average is $33.94 and its 200 day moving average is $34.83. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.36 and a quick ratio of 1.36. The firm has a market cap of $6.46 billion, a P/E ratio of 33.27 and a beta of 0.93. STAG Industrial, Inc. has a one year low of $28.61 and a one year high of $41.63.

STAG Industrial (NYSE:STAG) last issued its earnings results on Tuesday, April 29th. The real estate investment trust reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.60 by $0.01. The business had revenue of $205.57 million during the quarter, compared to the consensus estimate of $202.04 million. STAG Industrial had a return on equity of 5.51% and a net margin of 24.64%. The firm’s revenue for the quarter was up 9.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.59 earnings per share. As a group, research analysts expect that STAG Industrial, Inc. will post 2.47 EPS for the current year.

STAG Industrial Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be issued a $0.1242 dividend. The ex-dividend date is Monday, June 30th. This represents a $1.49 dividend on an annualized basis and a yield of 4.31%. STAG Industrial’s payout ratio is currently 112.03%.

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.