To that purpose, I added STAG Industrial, Inc.(NYSE:STAG) on price weakness today.
STAG Industrial, Inc. is a REIT specializing in industrial properties nationwide. The Company owned 248 buildings in 36 states with approximately 47.0 million rentable square feet, consisting of 178 warehouse/distribution buildings, 50 light manufacturing buildings and 20 flex/office buildings. (src: Reuters)
The rumored fed rate hike scheduled for september is causing all kinds of volatility in the whole sector. I think this is a good opportunity to load up on a some decent income paying REITs at discounted prices like STAG Industrial (NYSE:STAG) or Starwood Property (NYSE: STWD) which I also added recently.
STAG Industrial, Inc. is a REIT specializing in industrial properties nationwide. The Company owned 248 buildings in 36 states with approximately 47.0 million rentable square feet, consisting of 178 warehouse/distribution buildings, 50 light manufacturing buildings and 20 flex/office buildings. (src: Reuters)
The rumored fed rate hike scheduled for september is causing all kinds of volatility in the whole sector. I think this is a good opportunity to load up on a some decent income paying REITs at discounted prices like STAG Industrial (NYSE:STAG) or Starwood Property (NYSE: STWD) which I also added recently.
STAG's 5 straight years higher dividends and fast growing revenues makes it a rising star in any income portfolio. This purchase will add $69/yr to my dividend income portfolio
Basic info:
Market CAP: 1.3B Dividend %: ~7
No comments:
Post a Comment