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Billionaire New Buys - Small Cap Real Estate

September 24, 2013 | About:
Sally Jones

Sally Jones

49 followers
In the second quarter of 2013, billionaire investors bought numerous stocks in small cap real estate companies. Here’s a close-up look at four companies and the billionaires who made new buys, mostly in REITs, as of June 30, 2013.

Ashford Hospitality Trust Inc. (AHT): New Buy

Up 51% over 12 months, Ashford Hospitality Trust Inc. has a market cap of $1.01 billion; its shares were traded at around $12.54. The P/B ratio is 1.10.

Ashford Hospitality Trust Inc. is a self-advised real estate investment trust focused on investing in the hospitality industry across all segments and in all methods including direct real estate, securities, equity, and debt. With its subsidiaries, the company operates in two business segments within the hotel lodging industry: direct hotel investments and hotel financing.

The company reported financial results for the second quarter of 2013 with a net loss of $1.4 million, and listed an increase in operating profit by 5.3% for its hotels year over year. Ashford Hospitality Trust Inc. completed a public offering of 11 million shares of common stock at $12 per share in the second quarter of 2013.

Historical share pricing, revenue and net income:

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Guru Action: As of June 30, 2013, Paul Tudor Jones made a new buy of 33,750 shares at an average price of $12.79, for a loss of 2%. The current share price is $12.54, with a change from average down 2%.

Agree Realty Corporation (ADC): New Buy

Up 14% over 12 months, Agree Realty Corporation has a market cap of $389.7 million; its shares were traded at around $29.99. The P/B ratio is 1.60.

Incorporated in 1993, Agree Realty Corporation is a fully integrated, self-administered and self-managed real estate investment trust. The company focuses on the ownership, development, acquisition and management of single tenant retail properties net leased to national tenants. It is also engaged in the development and acquisition of single tenant net lease retail properties throughout the U.S. At Dec. 31, 2012, the company portfolio consisted of 109 properties, located in 27 states.

The company reported financial results for the second quarter of 2013 with a net income of $4.53 million, compared to $5.09 million in the same quarter a year ago. In the second quarter of 2013, revenue was $10.9 million, marking a 26% increase year over year. Earnings were reported as $0.34 per diluted share, down from $0.44 per diluted share in the second quarter of 2012.

Historical share pricing, revenue and net income:

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Guru Action: As of June 30, 2013, Bill Frels made a new buy of 32,900 shares at an average price of $30.95, for a loss of 5%. The current share price is $29.99, with a change from average down 3%.

American Assets Trust Inc. (AAT): New Buy

Up 14% over 12 months, American Assets Trust Inc. has a market cap of $1.25 billion; its shares were traded at around $30.79. The P/B ratio is 1.90.

Formed in 2010, American Assets Trust Inc. is a full service, vertically integrated and self-administered real estate investment trust that owns, operates, acquires and develops high quality retail and office properties in California and Hawaii.

The company reported financial results for its second quarter ended June 30, 2013, with net income of $3.1 million and earnings of $0.08 per diluted share.

Historical share pricing, revenue and net income:

1379973633053.png

Guru Action: As of June 30, 2013, Jim Simons made a new buy of 75,200 shares at an average price of $33.00, for a loss of 6.3%. The current share price is $30.79, with a change from average down 7%.

Alexander & Baldwin Inc. (ALEX): New Buy

Up 26% over 12 months, Alexander & Baldwin Inc. has a market cap of $1.58 billion; its shares were traded at around $37.15. The P/B ratio is 1.70.

Alexander & Baldwin Inc. is a Hawaii-focused land company which provides real estate development, real estate leasing and agribusiness services. The company's assets include approximately 87,000 acres of land in Hawaii, nearly 8 million square feet of retail, office and industrial properties in Hawaii and on the mainland, and a real estate development portfolio of residential and commercial projects across Hawaii.

The company reported financial results for the second quarter of 2013 with an adjusted net income of $6.5 million, compared to $5.5 million in the same quarter a year ago. The company revenue was $71.1 million for the second quarter of 2013, compared to $72.1 million in the same quarter a year ago.

Historical share pricing, revenue and net income:

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Guru Action: As of June 30, 2013, Steven Cohen made a new buy of 5,681 shares at an average price of $35.43, for a gain of 4%. The current share price is $37.15, with a change from average up 5%.

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About the author:

Sally Jones
Sally Jones writes about Real Time Picks. She says, "I truly enjoy watching the Gurus in realtime and telling their story."

Rating: 4.5/5 (2 votes)

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