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A Look at the Real Estate Companies Held by the Most Gurus

June 26, 2014 | 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 real estate-focused companies which are held by the most gurus. The following five real estate companies are held by the largest number of gurus during the past quarter.

Jones Lang LaSalle (JLL)

There are the most gurus that hold on to a position in Jones Lang LaSalle. As of the first quarter there were 11 guru owners of Jones Lang LaSalle and they held a combined weighting of 9.73%.

During the first quarter there were six different gurus making buys into Jones Lang LaSalle along with three different gurus making sells of their stake in the company.

Top three guru shareholders of Exxon Mobil:

1. John Rogers (Trades, Portfolio): 2,080,710 shares, representing 4.68% of the company’s shares outstanding and 3% of Rogers’ total portfolio.

2. Chuck Royce (Trades, Portfolio): 1,470,383 shares, representing 3.31% of the company’s shares outstanding and 0.51% of Royce’s total portfolio.

3. Ken Heebner (Trades, Portfolio): 710,000 shares, representing 1.6% of the company’s shares outstanding and 2.33% of Grantham’s total portfolio.

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:

1403802422471.png

The analysis on Jones Lang LaSalle reports that the company’s Piotroski F-Score is high, it has shown predictable revenue and earnings growth and its operating margins are expanding. It also notes that the company’s dividend yield is near a 2-year low, its price is at a 10-year high and over the past three years the company has issued $440.218 million of debt.

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

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Jones Lang LaSalle has a market cap of $5.57 billion. Its shares are currently trading at around $124.94 with a P/E ratio of 20.50, a P/S ratio of 1.20 and a P/B ratio of 2.50. The company had an annual average earnings growth of 5.20% over the past ten years.

GuruFocus rated the company the business predictability rank of 2-star.

Forest City Enterprises (FCE.A)

The second most held company is Forest City Enterprises with 11 guru shareholders. During the past quarter there were four gurus making buys and six gurus makings sells of their stake in FCE.A. These gurus hold on to a combined weighting of 6.25%.

The top guru owners of Forest City Enterprises:

1. Third Avenue Management (Trades, Portfolio): 7,008,991 shares, representing 3.58% of the company’s shares outstanding.

2. Murray Stahl (Trades, Portfolio): 2,790,750 shares, representing 1.43% of the company’s shares outstanding.

3. Ron Baron (Trades, Portfolio): 1,113,394 shares, representing 0.57% 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:

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The analysis on Forest City reports that the company’s revenue per share has been in decline for the past five years, the price is sitting near a 5-year high and it has issued $481.967 million of debt over the past three years.

Forest City Enterprises has a market cap of $4.01 billion. Its shares are currently trading at around $20.02 with a P/E ratio of 35.60, a P/S ratio of 3.60 and a P/B ratio of 2.40.

Host Hotels & Resorts (HST)

The third most guru-held stock is Host Hotels & Resorts. As of the first quarter there were 11 gurus holding on to Halliburton, with seven gurus making buys and four gurus making sells over the quarter. These gurus hold a combined weighting of 2.32%.

The top guru shareholders of Halliburton:

1. James Barrow (Trades, Portfolio): 9,303,588 shares, representing 1.24% of the company’s shares outstanding.

2. Jim Simons (Trades, Portfolio): 4,078,270 shares, representing 0.54% of the company’s shares outstanding.

3. Steven Cohen (Trades, Portfolio): 3,021,034 shares, representing 0.4% of the company’s shares outstanding.

Host Hotels & Resorts operates as a self-managed and self-administered real estate investment trust, or REIT. Host Hotels & Resorts, Inc. owns properties and conducts operations through Host Hotels & Resorts, L.P.

Host Hotels and Resorts’ historical revenue and net income:

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The analysis on Host Hotels & Resorts reports that the company’s operating margin is expanding, its revenue per share has been in decline over the past year, and the company’s price is sitting near a 5-year high.

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

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Host Hotels & Resorts has a market cap of $16.65 billion. Its shares are currently trading at around $22.00 with a P/E ratio of 37.00, a P/S ratio of 3.20 and a P/B ratio of 2.30. The company had an annual average earnings growth of 7.00% over the past five years.

American Tower Corp (AMT)

The fourth most guru-held stock is American Tower Corp. As of the first quarter there were 10 gurus holding on to American Tower, with six gurus making buys and four gurus making sells over the quarter. These gurus hold a combined weighting of 12.52%.

Top guru shareholders of American Tower:

1. Chuck Akre (Trades, Portfolio): 4,027,121 shares, representing 3.07% of the company’s shares outstanding.

2. Larry Robbins (Trades, Portfolio): 1,782,711 shares, representing 0.45% of the company’s shares outstanding.

3. Chris Shumway (Trades, Portfolio): 892,903 shares, representing 0.23% of the company’s shares outstanding.

American Tower Corp. 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 municipalities and tenants in a number of other industries.

American Tower’s historical revenue and net income:

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The analysis on American Tower Corp reports that the company’s price is close to a 10-year high, it has issued $6.9 billion of debt over the past three years and it has shown predictable revenue and earnings growth.

American Tower Corp has a market cap of $35.08 billion. Its shares are currently trading at around $88.65 with a P/E ratio of 60.60, a P/S ratio of 10.00 and a P/B ratio of 9.60. The company had an annual average earnings growth of 12.80% over the past ten years.

GuruFocus rated the American Tower the business predictability rank of 2.5-star.

St. Joe Corp (JOE)

The fifth most guru-held stock is St. Joe. As of the first quarter there were 10 gurus holding on to JOE, with three gurus making buys and four gurus making sells over the quarter. These gurus hold a combined weighting of 11.07%.

Top guru shareholders of St. Joe Corporation:

1. Bruce Berkowitz (Trades, Portfolio): 24,847,204 shares, representing 26.92% of the company’s shares outstanding.

2. Fairholme Fund (Trades, Portfolio): 23,136,502 shares, representing 25.07% of the company’s shares outstanding.

3. Columbia Wanger (Trades, Portfolio): 2,737,000 shares, representing 2.97% of the company’s shares outstanding.

St. Joe Corp is a real estate development company, owns land, timber and resort assets located mainly in Northwest Florida, Jacksonville, Florida and Tallahassee, Florida. It has five reportable operating segments: residential real estate, commercial real estate, resorts, leisure and leasing operations, forestry, and rural land.

St. Joe’s historical revenue and net income:

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The analysis on St. Joe reports that the company’s price is near a 3-year high and its short interest is high, 45.06% of the float is shorted. On the other hand, the analysis also reports that the company has a strong Altman Z-Score as well as a high Piotroski F-Score, indicating a very healthy situation.

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

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St. Joe Corp has a market cap of $2.33 billion. Its shares are currently trading at around $25.21 with a P/E ratio of 5.90, a P/S ratio of 3.40 and a P/B ratio of 2.50.

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

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