Jane Street Group LLC Acquires 120,979 Shares of STAG Industrial, Inc. (NYSE:STAG)

Jane Street Group LLC grew its stake in STAG Industrial, Inc. (NYSE:STAG) by 707.2% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 138,086 shares of the real estate investment trust’s stock after purchasing an additional 120,979 shares during the quarter. Jane Street Group LLC owned approximately 0.08% of STAG Industrial worth $5,398,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Envestnet Portfolio Solutions Inc. grew its stake in shares of STAG Industrial by 5.2% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 16,063 shares of the real estate investment trust’s stock worth $579,000 after acquiring an additional 797 shares in the last quarter. Blue Trust Inc. grew its position in STAG Industrial by 1,728.4% in the 2nd quarter. Blue Trust Inc. now owns 1,353 shares of the real estate investment trust’s stock worth $52,000 after purchasing an additional 1,279 shares in the last quarter. Hennion & Walsh Asset Management Inc. increased its stake in STAG Industrial by 8.3% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 9,447 shares of the real estate investment trust’s stock valued at $341,000 after buying an additional 723 shares during the last quarter. Fifth Third Wealth Advisors LLC bought a new position in shares of STAG Industrial during the 2nd quarter worth approximately $193,000. Finally, Lecap Asset Management Ltd. bought a new position in shares of STAG Industrial in the second quarter valued at approximately $625,000. Hedge funds and other institutional investors own 88.67% of the company’s stock.

Analyst Upgrades and Downgrades

STAG has been the topic of a number of recent analyst reports. Wells Fargo & Company dropped their price target on STAG Industrial from $41.00 to $38.00 and set an “equal weight” rating on the stock in a report on Monday, November 4th. Evercore ISI boosted their price target on shares of STAG Industrial from $43.00 to $44.00 and gave the stock an “outperform” rating in a report on Wednesday, August 28th. Barclays lowered their price objective on shares of STAG Industrial from $42.00 to $40.00 and set an “equal weight” rating on the stock in a research report on Monday, October 28th. Finally, Raymond James increased their target price on shares of STAG Industrial from $39.00 to $40.00 and gave the company an “outperform” rating in a research report on Wednesday, December 11th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $41.00.

STAG Industrial Price Performance

STAG Industrial stock opened at $35.81 on Tuesday. The firm has a market capitalization of $6.53 billion, a P/E ratio of 36.17 and a beta of 1.07. STAG Industrial, Inc. has a one year low of $34.09 and a one year high of $41.63. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.42 and a quick ratio of 1.42. The business has a fifty day moving average price of $36.98 and a 200-day moving average price of $37.77.

STAG Industrial Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a dividend of $0.1233 per share. This represents a $1.48 dividend on an annualized basis and a yield of 4.13%. The ex-dividend date is Tuesday, December 31st. STAG Industrial’s payout ratio is presently 149.49%.

STAG Industrial Company Profile

We are a REIT focused on the acquisition, ownership, and operation of industrial properties throughout the United States. Our platform is designed to (i) identify properties for acquisition that offer relative value across CBRE-EA Tier 1 industrial real estate markets, industries, and tenants through the principled application of our proprietary risk assessment model, (ii) provide growth through sophisticated industrial operation and an attractive opportunity set, and (iii) capitalize our business appropriately given the characteristics of our assets.