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Top Five Guru-Held REITs as of Q2

September 16, 2013 | About:
Monica Wolfe

Monica Wolfe

133 followers
Using the GuruFocus Aggregated Portfolio Screener you can filter results to see what companies maintain the highest amount of guru ownership. By using this screener, we filtered down to see the real estate industry and the REITs which are held by the most gurus. The following five REIT-focused companies are held by the largest number of gurus.

Simon Property Group (SPG)


As of the second quarter there were the most gurus holding a position in Simon Property Group than any other REIT. As of the close of Q2 there were 10 Guru Owners of Simon Property Group; these gurus held a combined weighting of 3.33%.

During the second quarter, there were five gurus making buys and five making sells of their stake in SPG.

Top three guru shareholders of Simon Property Group:

1. Ken Heebner, 635,673 shares, representing 0.2% of the company’s shares outstanding and 2.7% of his total portfolio.

2. Chris Davis, 628,864 shares, representing 0.2% of the company’s shares outstanding and 0.25% of his total portfolio.

3. Jim Simons, 170,005 shares, representing 0.05% of the company’s shares outstanding and 0.07% of his total holdings.

Simon Property Group owns, develops and manages retail real estate properties, such as regional malls, Premium Outlets, The Mills and community and lifestyle centers.

Simon Property Group’s historical revenue and net income:

1379365179755.png

According to the analysis on Simon Property Group the company has issued $1.3 billion of debt over the past three years, the dividend yield is at a 3-year high and their operating margin is expanding.

Simon Property Group has a market cap of $47.08 billion. Its shares are trading at around $151.71 with a P/E ratio of 39.20, a P/S ratio of 9.30 and a P/B ratio of 8.10. The company had an annual average earnings growth of 3.7% over the past ten years.

BioMed Realty Trust (BMR)

As of the second quarter there were eight gurus with positions in BioMed Realty Trust. During the previous quarter there were three gurus making buys alongside nine gurus selling shares of BioMed. These gurus hold a combined weighting of 2.58%.

Top three guru shareholders of BioMed Realty Trust:

1. Columbia Wanger, 4,424,800 shares, representing 2.3% of the company’s shares outstanding and 0.39% of their total portfolio.

2. Manning & Napier Advisors, 3,058,583 shares, representing 1.59% of the company’s shares outstanding and 0.33% of the fund’s total portfolio.

3. Ken Fisher, 2,348,800 shares, representing 1.22% of the company’s shares outstanding and 0.12% of his total portfolio.

BioMed Realty Trust operates as a self-administered and self-managed real estate investment trust focused on acquiring, developing, owning, leasing and managing laboratory and office space for the life science industry mainly through its subsidiary, BioMed Realty L.P.

BioMed Realty’s historical revenue and net income:

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The analysis on BioMed reports that the revenue has been in decline for the past five years, they’ve issued $959.814 million of debt over the past three years and the dividend yield is at a 3-year high.

BioMed Realty Trust has a market cap of $3.63 billion. Its shares are currently trading at around $18.89 with a P/E ratio of 104.00, a P/S ratio of 5.40 and a P/B ratio of 1.20. The company also currently has a dividend yield of 4.90%.

Vornado Realty Trust (VNO)

As of the second quarter there were eight gurus that hold a position in Vornado Realty Trust. These gurus hold a combined weighting of 1.79%. During Q2, there were three gurus buying shares of VNO and there were five gurus making sells or selling out of the company.

Top three guru shareholders of Vornado:

1. Chris Davis, 987,304 shares, representing 0.53% of the company’s shares outstanding and 0.21% of his total assets managed.

2. Third Avenue Management, 660,419 shares, representing 0.53% of the company’s shares outstanding and 1.1% of their total portfolio.

3. Mason Hawkins, 339,902 shares, representing 0.18% of the company’s shares outstanding and 0.14% of his total portfolio.

The company operates in the five business segments: New York Office Properties, Washington, DC Office Properties, Retail Properties, Merchandise Mart Properties and Toys 'R' US.

Vornado Realty Trust’s historical revenue and net income:

1379366822691.png

The analysis on Vornado reports that the revenue has been in decline over the past year, the price is nearing a 2-year high and the operating margin of the company is expanding.

Vornado Realty Trust has a market cap of $15.96 billion. Its shares are currently trading at around $85.36 with a P/E ratio of 77.80, a P/S ratio of 6.90 and a P/B ratio of 2.70. The company had an annual average earnings growth of 7.7% over the past five years.

American Campus Communities (ACC)

As of the second quarter there were eight gurus that hold a position in American Campus Communities. These gurus hold a combined weighting of 0.85%. During Q2, there were six gurus buying shares of American Campus and there were two gurus making sells or selling out of the company.

Top three guru shareholders of ACC:

1. Pioneer Investments: 1,477,436 shares, representing 1.41% of the company’s shares outstanding and 0.25% of their total assets managed.

2. Ron Baron: 1,324,703 shares, representing 1.26% of the company’s shares outstanding and 0.28% of his total portfolio.

3. Chris Davis: 1,107,403 shares, representing 1.06% of the company’s shares outstanding and 0.11% of his total portfolio.

American Campus Communities is an integrated, self-managed and self-administered equity REIT with expertise in the acquisition, design, financing, development, construction management, leasing and management of student housing properties.

American Campus Communities’ historical revenue and net income:

1379367499168.png

The analysis on ACC reports that the revenue has been in decline over the past five years, they have issued $333.519 million over the past three years and their operating margin is expanding. The company’s dividend yield is also nearing a 2-year high.

American Campus Communities has a market cap of $3.73 billion. Its shares are currently trading at around $35.54 with a P/E ratio of 70.50, a P/S ratio of 6.00 and a P/B ratio of 1.40. ACC currently holds a dividend yield of 3.90%. The company had an annual average earnings growth of 0.5% over the past five years.

American Tower Corp (AMT)

As of the second quarter there were seven gurus with positions in American Tower. During the previous quarter there were five gurus making buys alongside two gurus selling shares of American Tower. These gurus hold a combined weighting of 6.96%.

Top three guru shareholders of American Tower Corp:

1. Chuck Akre: 1,910,180 shares, representing 0.48% of the company’s shares outstanding and 6.3% of his total portfolio.

2. Steven Cohen: 1,044,993 shares, representing 0.26% of the company’s shares outstanding and 0.42% of his total assets managed.

3. Chris Davis: 727,048 shares, representing 0.18% of the company’s shares outstanding and 0.14% of his total portfolio.

American Tower is an owner, operator and developer of wireless and broadcast communications real estate. Its main business is leasing antenna space on multi-tenant communications sites to wireless service providers, radio and television broadcast companies, wireless data providers, government agencies and tenants in a number of other industries.

American Tower’s historical revenue and net income:

1379368433908.png

The analysis on American Tower reports that the company has issued $4.3 billion of debt over the past three years, its operating margin is expanding and its P/B and P/S ratios are sitting near lows.

American Tower has a market cap of $29.34 billion. Its shares are currently trading at around $74.27 with a P/E ratio of 46.40, a P/S ratio of 9.60 and a P/B ratio of 8.40. The company had an annual average earnings growth of 9.2% over the past ten years.

You can check out other top held sectors of the market by using the Aggregated Screener here.

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