Griffin Industrial Realty (GRIF) Has Risen 50% in Last One Year, Outperforms Market
If you are looking for the best ideas for your portfolio you may want to consider some of Rhizome Partners top stock picks. Rhizome Partners, an investment management firm, is bullish on Griffin Industrial Realty Inc. (NASDAQ:GRIF) stock. In its Q2 2019 investor letter – you can download a copy here – the firm discussed its investment thesis on Griffin Industrial Realty Inc. (NASDAQ:GRIF) stock. Griffin Industrial Realty Inc. (NASDAQ:GRIF) is engaged in real estate business.
In September 2019, Rhizome Partners had released its Q2 2019 investor letter. Griffin Industrial Realty Inc. (NASDAQ:GRIF) stock has posted a return of 50.4% in the trailing one year period, outperforming the S&P 500 Index which returned 16.1% in the same period. This suggests that the investment firm was right in its decision. On a year-to-date basis, Griffin Industrial Realty Inc. (NASDAQ:GRIF) stock has risen by 38.1%.
In Q2 2019 investor letter, Rhizome Partners said the fund posted a return of 2.0% in the second quarter of 2019, underperforming the S&P 500 Index which returned 4.30% in the same period. Let’s take a look at comments made by Rhizome Partners about Griffin Industrial Realty Inc. (NASDAQ:GRIF) stock in the Q2 2019 investor letter.
"Griffin Industrial Realty – The Company owns a portfolio of warehouses and a land portfolio that is being sold off and exchanged into income producing assets in an orderly and tax efficient manner. We believe Griffin will transition into a dividend‐paying REIT over time. Please see our Q3 2017 letter for our original thesis.
Q2 2019 Updates – We attended the shareholder meeting in May and chatted briefly with the management team. This year’s session consisted of the same inquiries from shareholders regarding share buybacks, general and administrative costs, and updates on developments and leasing. It is very clear to us that Griffin’s management team is frustrated with the large persistent gap between the stock and the intrinsic value. We consider this dynamic to be a net positive. Sometimes we find ourselves invested in family controlled companies and the insiders have a “the stock will do what it will do” outlook. We believe that overly focusing on short‐term stock price movement is a waste of effort and attention. It is important for companies to allocate resources toward building the right shareholder base and correctly communicating the long‐term objective of a company. Through conversation and analyzing body language, we believe that Griffin’s management team does intend to narrow the wide price‐to‐value gap over time."
Pixabay/Public Domain
Last month, we published an article revealing Rhizome Partners bullish investment thesis on Griffin Industrial Realty Inc. (NASDAQ:GRIF) stock in its Q2 2020 investor letter. This suggests that the investment firm has been bullish for a long time on Griffin Industrial Realty Inc. (NASDAQ:GRIF).
In Q1 2020, the number of bullish hedge fund positions on Griffin Industrial Realty Inc. (NASDAQ:GRIF) stock increased by about 33% from the previous quarter (see the chart here), so a number of other hedge fund managers seem to agree with Griffin's growth potential. Our calculations showed that Griffin Industrial Realty Inc. (NASDAQ:GRIF) isn't ranked among the 30 most popular stocks among hedge funds.
The top 10 stocks among hedge funds returned 185% since the end of 2014 and outperformed the S&P 500 Index ETFs by more than 109 percentage points. We know it sounds unbelievable. You have been dismissing our articles about top hedge fund stocks mostly because you were fed biased information by other media outlets about hedge funds' poor performance. You could have doubled the size of your nest egg by investing in the top hedge fund stocks instead of dumb S&P 500 ETFs. Below you can watch our video about the top 5 hedge fund stocks right now. All of these stocks had positive returns in 2020.
Video: Top 5 Stocks Among Hedge Funds
At Insider Monkey we leave no stone unturned when looking for the next great investment idea. We read hedge fund investor letters and listen to stock pitches at hedge fund conferences. We go through lists like the 10 most profitable companies in the world to pick the best large-cap stocks to buy. Even though we recommend positions in only a tiny fraction of the companies we analyze, we check out as many stocks as we can. You can subscribe to our free enewsletter below to receive our stories in your inbox:
Disclosure: None. This article is originally published at Insider Monkey.
