Is it a Wise Choice to Dispose Your STAG Stake?

Carillon Tower Advisers, an investment management firm, published its “Carillon Scout Mid Cap Fund” first quarter 2022 investor letter – a copy of which can be downloaded here. The portfolio continues to be invested in a balance of companies that should do well in a cyclical recovery as well as in companies it believes to be secular winners, along with some defensive positions to help guard against rising interest rates. Try to take some time looking at the fund’s top 5 holdings to be informed about their best picks for 2022.

In its Q1 2022 investor letter, Carillon Scout Mid Cap Fund mentioned STAG Industrial, Inc. (NYSE:STAG) and explained its insights for the company. Founded in 2010, STAG Industrial, Inc. (NYSE:STAG) is a Boston, Massachusetts-based real estate investment trust company with a $5.7 billion market capitalization. STAG Industrial, Inc. (NYSE:STAG) delivered a -34.45% return since the beginning of the year, while its 12-month returns are down by -34.45%. The stock closed at $31.44 per share on July 01, 2022.

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.”

Photo by Blake Wheeler on Unsplash

Our calculations show that STAG Industrial, Inc. (NYSE:STAG) fell short and didn’t make it on our list of the 30 Most Popular Stocks Among Hedge Funds. STAG Industrial, Inc. (NYSE:STAG) was in 21 hedge fund portfolios at the end of the first quarter of 2022, compared to 22 funds in the previous quarter. STAG Industrial, Inc. (NYSE:STAG) delivered a -25.53% return in the past 3 months.

In June 2022, we published an article that includes STAG Industrial, Inc. (NYSE:STAG) in 10 Best Monthly Dividend Stocks to Buy in June. You can find other investor letters from hedge funds and prominent investors on our hedge fund investor letters 2022 Q1 page.

Disclosure: None. This article is originally published at Insider Monkey.