Jane Street Group LLC Has $4.46 Million Stock Holdings in STAG Industrial, Inc. (NYSE:STAG)

Jane Street Group LLC cut its stake in shares of STAG Industrial, Inc. (NYSE:STAG) by 4.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. 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 owned 0.07% of STAG Industrial worth $4,464,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Northern Trust Corp boosted its position in 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 during the last quarter. Quarry LP bought a new stake in STAG Industrial in the fourth quarter valued at approximately $62,000. Earnest Partners LLC raised its stake in STAG Industrial by 6.6% in the fourth quarter. Earnest Partners LLC now owns 3,795,425 shares of the real estate investment trust’s stock valued at $128,361,000 after buying an additional 235,622 shares during the period. Susquehanna Fundamental Investments LLC bought a new stake in STAG Industrial in the fourth quarter valued at approximately $3,673,000. Finally, Coldstream Capital Management Inc. raised its stake in STAG Industrial by 6.5% in the fourth quarter. Coldstream Capital Management Inc. now owns 58,048 shares of the real estate investment trust’s stock valued at $1,963,000 after buying an additional 3,531 shares during the period. 88.67% of the stock is owned by institutional investors and hedge funds.

STAG Industrial Price Performance

Shares of NYSE STAG opened at $34.60 on Monday. The firm has a market cap of $6.46 billion, a P/E ratio of 33.27 and a beta of 0.93. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.86. STAG Industrial, Inc. has a 1-year low of $28.61 and a 1-year high of $41.63. The business’s 50 day moving average is $33.94 and its 200-day moving average is $34.83.

STAG Industrial (NYSE:STAG) last announced 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 company had revenue of $205.57 million for the quarter, compared to analyst estimates of $202.04 million. STAG Industrial had a return on equity of 5.51% and a net margin of 24.64%. The firm’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.59 earnings per share. Equities research analysts predict that STAG Industrial, Inc. will post 2.47 earnings per share for the current year.

STAG Industrial Dividend Announcement

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

Insider Transactions at STAG Industrial

In related news, Director Benjamin S. Butcher sold 50,000 shares of the firm’s stock in a transaction 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 transaction, the director now owns 9,632 shares in the company, valued at approximately $338,083.20. This trade represents a 83.85% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.10% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on STAG shares. Barclays dropped 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. Royal Bank of Canada dropped 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. Robert W. Baird dropped their price objective 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. Finally, Raymond James increased their target price on STAG Industrial from $36.00 to $38.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 7th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, STAG Industrial currently has a consensus rating of “Hold” and an average target price of $39.63.

About STAG Industrial

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.