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Top Five Held Real Estate Stocks of the Third Quarter

December 19, 2013 | About:
Monica Wolfe

Monica Wolfe

127 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 which real estate-based companies are held by the most gurus. As of the third quarter, the following five real estate companies are held by the largest number of gurus.

Jones Lang LaSalle (JLL)

Over the past quarter there were the most guru owners of Jones Lang LaSalle, with 12 gurus holding on to the stock. Over the past quarter there were eight gurus making buys and three making sells of their stake in the company. These gurus hold on to a combined weighting of 9.78%.

The top guru shareholders of Jones Lang LaSalle:

  • John Rogers: 2,411,588 shares, representing 5.43% of the company’s shares outstanding.
  • Chuck Royce: 1,570,613 shares, representing 3.54% of the company’s shares outstanding.
  • RS Investment: 797,164 shares, representing 1.79% of the company’s shares outstanding.

Jones Lang LaSalle is a financial and professional services firm specializing in real estate. It offers integrated services delivered by expert teams worldwide to clients seeking increased value by owning, occupying or investing in real estate.

Jones Lang LaSalle’s historical revenue and net income:

1387478455324.png

The analysis on Jones Lang LaSalle reports that the company’s price is trading near a 5-year high, its asset growth is faster than its revenue growth and it has issued $478.911 million of debt over the past three years.

The Peter Lynch Chart suggests that the company is currently overvalued:

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Jones Lang LaSalle has a market cap of $4.46 billion. Its shares are currently trading at around $100.43 with a P/E ratio of 19.70, a P/S ratio of 1.10 and a P/B ratio of 2.20. The company had an annual average earnings growth of 8.40% over the past ten years.

American Tower Corp (AMT)

The second most held guru real estate stock is in American Tower. There are ten guru shareholders with six of those making buys along with three gurus making sells of their stock in the company. These gurus hold a combined weighting of 10.96%.

The top guru shareholders of American Tower Corp:

  • Chuck Akre: 2,828,736 shares, representing 0.72% of the company’s shares outstanding.
  • Larry Robbins: 1,782,711 shares, representing 0.45% of the company’s shares outstanding.
  • Steven Cohen: 600,439 shares, representing 0.15% of the company’s shares outstanding.

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, etc.

American Tower’s historical revenue and net income:

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The analysis on American Tower reports that the company’s price is nearing a 10-year high, over the past three years they have issued $7.6 billion of debt and the company has shown predictable revenue and earnings growth. The analysis also notes that the company’s dividend yield is close to a 2-year high and its operating margin is expanding.

The company’s Peter Lynch Chart:

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American Tower Corp has a market cap of $30.82 billion. Its shares are currently trading at around $78.10 with a P/E ratio of 53.00, a P/S ratio of 9.70 and a P/B ratio of 8.70. The company had an annual average earnings growth of 10.80% over the past ten years.

GuruFocus rated American Tower the business predictability rank of 3-star.

Realogy Holdings Corp (RLGY)

The third most held guru real estate stock is in Realogy Holdings. There are ten guru shareholders with six of those making buys along with seven gurus making sells of their stock in the company. These gurus hold a combined weighting of 10.22%.

The top guru owners of Realogy Holdings:

  • Steve Mandel: 12,003,398 shares, representing 8.22% of the company’s shares outstanding.
  • John Paulson: 12,000,000 shares, representing 8.22% of the company’s shares outstanding.
  • Lee Ainslie: 3,052,564 shares, representing 2.09% of the company’s shares outstanding.

Realogy is a franchisor of residential real estate brokerages with some of the most recognized brands in the real estate industry. It is the owner of U.S. residential real estate brokerage offices, and a global provider of outsourced employee relocation services and a significant provider of title and settlement services.

Realogy Holdings’ historical revenue and net income:

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The analysis on Realogy Holdings reports that the company’s Altman Z-Score is in distress which means that bankruptcy is a possibility within the next few years. It also notes that the company’s P/S ratio is trading at a 2-year high.

Realogy has a market cap of $6.99 billion. Its shares are currently trading at around $47.90 with a P/S ratio of 1.30 and a P/B ratio of 4.20.

Forest City Enterprises (FCE.A)

The fourth most held guru real estate stock is in Forest City Enterprises. There are ten guru shareholders with four of those making buys along with eight gurus making sells of their stock in the company. These gurus hold a combined weighting of 7.36%.

The top guru shareholders of Forest City Enterprises:

  • Third Avenue Management: 7,125,350 shares, representing 3.64% of the company’s shares out.
  • Murray Stahl: 5,400,369 shares, representing 2.76% of the company’s shares outstanding.
  • Chris Davis: 1,529,974 shares, representing 0.78% of the company’s shares outstanding.

Forest City Enterprises is engaged in the ownership, development, management and acquisition of commercial and residential real estate and land throughout the United States.

Forest City Enterprises historical revenue and net income:

1387488376131.png

The analysis on Forest City Enterprises reports that the company’s revenue has been in decline over the past five years, it has issued $359.98 million of debt and it has also been in an operating loss over the past three years.

The Peter Lynch Chart suggests that the company is currently overvalued:

1387488395203.png

Forest City Enterprises has a market cap of $3.76 billion. Its shares are currently trading at around $18.80 with a P/E ratio of 24.40, a P/S ratio of 3.40 and a P/B ratio of 2.10. Forest City had an annual average earnings growth of 5.80% over the past ten years.

Simon Property Group (SPG)

The fifth most held guru real estate stock is in Simon Property Group. There are ten guru shareholders with four of those making buys along with six gurus making sells of their stock in the company. These gurus hold a combined weighting of 0.47%.

The top guru owners of Simon Property Group:

  • Chris Davis: 412,388 shares, representing 0.13% of the company’s shares outstanding.
  • Manning & Napier: 157,928 shares, representing 0.05% of the company’s shares outstanding.
  • Jim Simons: 127,105 shares, representing 0.04% of the company’s shares outstanding.

Simon Property Group’s historical revenue and net income:

1387489411193.png

The analysis on Simon Property Group reports that the company’s issued $2.1 billion of debt over the past three years, its operating margin is expanding and its dividend yield is sitting near its 3-year high.

Simon Property’s Peter Lynch Chart:

1387489491300.png

Simon Property Group has a market cap of $47.79 billion. Its shares are currently trading at around $154.00 with a P/E ratio of 38.20, a P/S ratio of 9.30 and a P/B ratio of 8.30. Simon Property Group holds a dividend yield of 3.00%, and the company has had an annual average earnings growth of 3.00% over the past five years.

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

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