5 REIT Stocks that Pay Monthly Dividends

3. STAG Industrial, Inc. (NYSE:STAG)

Number of Hedge Fund Holders: 22

Dividend Yield as of April 22: 3.55%

STAG Industrial, Inc. (NYSE:STAG) is a Massachusetts-based REIT that owns and manages single-tenant, industrial properties throughout the United States. The stock delivers a dividend yield of 3.55% as of April 22. 

On January 11, Baird analyst David Rodgers upgraded STAG Industrial, Inc. (NYSE:STAG) to Outperform from Neutral but lowered the price target to $48 from $49, as part of a broader note on the Industrial REIT outlook in 2022. Industrial REITs remain a longer-term core holding with “even moderate goods inventory assumptions supporting growth”, but in the short-term investors can possibly find the sub-sector more challenging. 

STAG Industrial, Inc. (NYSE:STAG) declared on April 14 a $0.1217 per share monthly dividend, in line with previous. The dividend is payable on May 16, to shareholders of record on April 29. 

According to Insider Monkey’s Q4 data, 22 hedge funds were long STAG Industrial, Inc. (NYSE:STAG), up from 17 funds in the preceding quarter. The total stakes owned in the fourth quarter amounted to $525.3 million. Stuart J. Zimmer’s Zimmer Partners held the leading position in the company, with 2.85 million shares worth $136.6 million.