The firm seeks to partner with entrepreneurs, business owners and management teams and generally provides “one-stop” financing alternatives within its lower middle-market portfolio. Main Street Capital typically invests in lower middle-market companies, generally with annual revenues between $10 million and $150 million. The firm’s middle-market debt investments are made in businesses that are generally larger in size than its lower middle-market portfolio companies. It makes majority and minority equity investments.
The dividend yield here is 6.53%. RBC’s $47 price target compares with a $39.38 consensus target and last Friday’s final print of $40.40.
Realty Income
This is an ideal stock for growth and income investors looking for a safer, inflation-busting idea for the rest of 2022. Realty Income Corp. (NYSE: O) is an S&P 500 company dedicated to providing stockholders with dependable monthly income.
The company is structured as a REIT, and its monthly distributions are supported by the cash flow from over 6,500 real estate properties owned under long-term lease agreements with commercial tenants. To date, the company has declared 608 consecutive common stock monthly dividends throughout its 54-year operating history and increased the dividend 109 times since its public listing in 1994. It is a top real estate member of the S&P 500 Dividend Aristocrats index.
Realty Income stock comes with a 4.39% distribution monthly. The price target at Goldman Sachs is $86. The $77.06 consensus target is closer to the $67.69 a share close on Friday.
STAG Industrial
This strong industrial REIT play offers solid upside potential. STAG Industrial Inc. (NYSE: STAG) is a self-managed full-service real estate company primarily focused on the acquisition, ownership and management of single-tenant, Class B warehouses in secondary markets across the United States. The company continues to focus on expansion of its acquisition platform to find acquisitions to grow the portfolio.
Top Wall Street analysts expect management to be aggressive acquirers over time. Additionally, the in-place portfolio should deliver stable organic growth supported by healthy property-level fundamentals.
Investors receive a 4.83% distribution. Raymond James has a $47 price objective. The consensus target is $39.88. STAG Industrial stock closed on Friday at $30.25.
All these top stocks are way off the highs printed earlier this year, and all seven have paid dependable dividends for years. For those looking for monthly passive income, these are outstanding companies to own. It should be noted that while the summer rally was nice after a severe downdraft, the prospects for September look very cloudy, so it may make sense to scale buy shares over the course of the fall.
Originally posted at 24/7 Wall St.
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