Why I Keep Piling In to This Terrific Passive-Income Stock
My top financial goal is to become financially independent. I'm working toward achieving that aim by growing my passive income to match my expenses. The centerpiece of my strategy is investing in stocks that I believe pay sustainable and growing dividends.
I regularly put my money to work generating income and recently bought a few more shares of Stag Industrial (NYSE: STAG). Here's why I continue piling into the industrial REIT, which has become an excellent passive income producer.
Stag Industrial owns over 550 warehouses and light manufacturing facilities across the U.S. It leases these operationally critical facilities to tenants under long-term contracts. Those leases supply the REIT with steady income.
Source Fool.com
STAG Industrial Inc. Stock
€37.44
0.590%
Currently there is a rather positive sentiment for STAG Industrial Inc. with 5 Buy predictions and 0 Sell predictions.
With a target price of 38 € there is a slightly positive potential of 1.5% for STAG Industrial Inc. compared to the current price of 37.44 €.
