5 Best Mid-Cap Dividend Stocks To Buy Now

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

Number of Hedge Fund Holders: 27

Dividend Yield as of November 2: 4.59%

STAG Industrial, Inc. (NYSE:STAG) is a real estate investment trust focused on the acquisition and operation of single-tenant, industrial properties throughout the United States. STAG Industrial, Inc. (NYSE:STAG) beat market estimates on earnings and revenue in Q3 2022. On October 12, the company declared a $0.1217 per share monthly dividend, in line with previous. The dividend is payable on November 15, to shareholders of record on October 31. STAG Industrial, Inc. (NYSE:STAG) is one of the top dividend stocks to consider. 

On October 18, Wells Fargo analyst Blaine Heck reaffirmed an Overweight rating on STAG Industrial, Inc. (NYSE:STAG) but lowered the price target on the shares to $36 from $41. The analyst views industrial real estate investment trusts as “well positioned in a tough environment” heading into the Q3 reports. It seems that on-the-ground activity has remained resilient throughout Q3 2022, the analyst wrote in a research note.

Among the hedge funds tracked by Insider Monkey, 27 funds reported owning stakes worth $379.3 million in STAG Industrial, Inc. (NYSE:STAG) at the end of June 2022, compared to 21 funds in the earlier quarter worth $528.6 million. Stuart J. Zimmer’s Zimmer Partners held a leading position in the company, comprising 4.8 million shares valued at $150.5 million. 

Here is what Carillon Scout Mid Cap Fund has to say about STAG Industrial, Inc. (NYSE:STAG) in its Q1 2022 investor letter:

“U.S. and around the world, and the higher inflation this cycle than in 2000. Labor inflation and general labor availability were again concerns for many companies. Supply chains eased for some goods, but remained challenged for many commodities including energy, agriculture, and fertilizer due to war and general scarcity, and also in many consumer products as semiconductors remained in short supply. Stag Industrial (NYSE:STAG), a warehouse REIT focused on rural distribution properties, fell as interest rates rose and fear of an economic slowdown gripped markets.”