Mercer Global Advisors Inc. ADV Has $425,000 Stock Position in STAG Industrial, Inc. (NYSE:STAG)

Mercer Global Advisors Inc. ADV raised its position in STAG Industrial, Inc. (NYSE:STAG) by 12.1% in the 2nd quarter, HoldingsChannel reports. The fund owned 11,774 shares of the real estate investment trust’s stock after purchasing an additional 1,274 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in STAG Industrial were worth $425,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Argent Trust Co raised its holdings in STAG Industrial by 7.7% in the 2nd quarter. Argent Trust Co now owns 64,907 shares of the real estate investment trust’s stock valued at $2,341,000 after acquiring an additional 4,617 shares in the last quarter. Moors & Cabot Inc. grew its stake in shares of STAG Industrial by 7.5% in the 2nd quarter. Moors & Cabot Inc. now owns 81,980 shares of the real estate investment trust’s stock valued at $2,956,000 after purchasing an additional 5,748 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of STAG Industrial by 6.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,865,673 shares of the real estate investment trust’s stock valued at $103,333,000 after purchasing an additional 167,532 shares during the period. Guardian Wealth Management Inc. grew its stake in shares of STAG Industrial by 2.0% in the 2nd quarter. Guardian Wealth Management Inc. now owns 45,481 shares of the real estate investment trust’s stock valued at $1,640,000 after purchasing an additional 911 shares during the period. Finally, Oppenheimer Asset Management Inc. grew its stake in shares of STAG Industrial by 20.6% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 87,862 shares of the real estate investment trust’s stock valued at $3,168,000 after purchasing an additional 15,028 shares during the period. Institutional investors and hedge funds own 88.67% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on STAG. Wells Fargo & Company upped their price objective on STAG Industrial from $37.00 to $41.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 28th. Barclays upped their price objective on STAG Industrial from $38.00 to $42.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 14th. BNP Paribas began coverage on STAG Industrial in a research note on Tuesday, June 4th. They issued a “neutral” rating and a $39.00 price objective on the stock. Evercore ISI upped their price objective on STAG Industrial from $43.00 to $44.00 and gave the company an “outperform” rating in a research note on Wednesday, August 28th. Finally, Wedbush increased their price target on STAG Industrial from $44.00 to $45.00 and gave the stock an “outperform” rating in a research report on Monday, August 5th. Six research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, STAG Industrial presently has a consensus rating of “Hold” and a consensus price target of $41.22.

Insider Activity

In other news, Director Benjamin S. Butcher sold 34,000 shares of the stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $40.78, for a total value of $1,386,520.00. Following the transaction, the director now owns 8,758 shares of the company’s stock, valued at approximately $357,151.24. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.10% of the stock is currently owned by company insiders.

STAG Industrial Stock Up 0.5 %

Shares of STAG opened at $39.24 on Friday. The firm has a market capitalization of $7.15 billion, a price-to-earnings ratio of 39.24, a PEG ratio of 4.09 and a beta of 1.09. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.60 and a current ratio of 1.60. The business’s fifty day moving average price is $39.81 and its two-hundred day moving average price is $37.41. STAG Industrial, Inc. has a 52 week low of $31.69 and a 52 week high of $41.63.

STAG Industrial Increases Dividend

The business also recently declared a dividend, which was paid on Thursday, August 15th. Stockholders of record on Thursday, August 1st were paid a $0.1233 dividend. The ex-dividend date of this dividend was Wednesday, July 31st. This represents a dividend yield of 3.63%. This is an increase from STAG Industrial’s previous dividend of $0.12. STAG Industrial’s dividend payout ratio is 148.00%.

About STAG Industrial

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.