Financial stocks were lower Monday with the NYSE Financial
Sector Index declining 0.4% and the S&P Financial 100 Index
In company news, STAG Industrial Operating Partnership LP (
) was down about 1% in late Monday trading and the real estate
investment trust today entering into agreements with Wells Fargo
Securities LLC and six other investment banking firms to sell up
$150 million of its stock through public offerings and private
placements from time to time.
The sales agreements were disclosed Monday in a regulatory
filing with the U.S. Securities and Exchange Commission. Under
terms of the agreements, STAG can sell some or all of the shares
through negotiated transactions with individual or institutional
investors without involving the placement agents.
STAG shares were down 1% at $23.01 each shortly before the
closing bell, just a penny off its session low. The stock has a
52-week range of $18.76 to $24.71 a share.
In other sector news,
(+) EJ, Chinese real estate services company announces to spin
out its Leju Holdings subsidiary through an initial public offering
of stock. Separately, Leju enters into strategic pact with Tencent
Holdings Ltd. to jointly develop software.
(-) DFT, Yahoo! Inc (
) notifies company it plans to sublease two of DFT's data center
facilities in Ashburn, Va., to a third party. The leases account
for 11% of the company's portfolio and run through September
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