Top 5 Real Estate Stocks to Buy Now

3. STAG Industrial, Inc (NYSE:STAG)

Number of Hedge Fund Holders: 21

Forward Dividend Yield as of August 6, 2022: 4.42%

The Environment, Social, and Governance (ESG) is one of the trends to look out for in 2022 when choosing the best real estate stocks to buy now. One of the leading ESG companies is STAG Industrial, Inc. (NYSE:STAG). This stock focuses on the acquisition and operation of industrial properties. 

STAG has an enterprise value of $10.9 billion, owning 544 buildings in 40 states with 108.6 million rentable square feet. This consists of 459 warehouse/distribution buildings, 74 light manufacturing buildings, 2 flex/office buildings, 9 value add portfolio buildings, and 2 single and multi-tenant properties. 

The pressure on the supply chain is high causing continuous demand for warehouse spaces. STAG’s portfolio handles almost 40% of e-commerce activities and is expected to increase by 30% after 7 years with a 13% sales CAGR. The reported core FFO for Q1 is $0.53 beating a consensus of $0.52. The company’s total revenue for this quarter was impressive, coming in at $159.21 million versus a consensus estimate of $155.94 million.

Based on Insider Monkey’s latest report, there are 21 hedge fund holders for the company. The board of directors declared a dividend of $1.46 per share paid on July 7, 2022. STAG has had an average dividend growth rate of 0.84% for the last three years. The latest reported forward dividend yield is 4.42% which makes STAG Industrial, Inc. one of the best investments to make now.

STAG Industrial, Inc. (NYSE:STAG) received an Outperform rating from Baird, up from a neutral rating, with a price target of $48. Michael Mueller from J.P. Morgan maintained a Hold rating for STAG with a target price of $39. In general, the Street puts a moderate buy rating for this REIT with an average price target of $44.29.