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HEITMAN REAL ESTATE SECURITIES LLC Buys 3, Sells 2 in 1st Quarter

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May 18, 2022
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HEITMAN REAL ESTATE SECURITIES LLC recently filed their 13F report for the first quarter of 2022, which ended on 2022-03-31.

The 13F report details which stocks were in a guru’s equity portfolio at the end of the quarter, though investors should note that these filings are limited in scope, containing only a snapshot of long positions in U.S.-listed stocks and American depository receipts as of the quarter’s end. They are not required to include international holdings, short positions or other types of investments. Still, even this limited filing can provide valuable information.

191 N. WACKER DR. CHICAGO, IL 60606

As of the latest 13F report, the guru’s equity portfolio contained 53 stocks valued at a total of $2,534,000,000. The top holdings were PSA(6.45%), DLR(5.88%), and WELL(5.63%).

According to GuruFocus data, these were HEITMAN REAL ESTATE SECURITIES LLC’s top five trades of the quarter.

AvalonBay Communities Inc


The guru established a new position worth 569,072 shares in NYSE:AVB, giving the stock a 5.58% weight in the equity portfolio. Shares traded for an average price of $244.2 during the quarter.

On 05/18/2022, AvalonBay Communities Inc traded for a price of $201.56 per share and a market cap of $28,181,762,000. The stock has returned 8.03% over the past year.

GuruFocus gives the company a financial strength rating of 4 out of 10 and a profitability rating of 8 out of 10.

In terms of valuation, AvalonBay Communities Inc has a price-earnings ratio of 25.06, a price-book ratio of 2.58, a price-earnings-to-growth (PEG) ratio of 15.66, a EV-to-Ebitda ratio of 16.85 and a price-sales ratio of 11.97.

The price-to-GF Value ratio is 0.96, earning the stock a GF Value rank of 6.

Kimco Realty Corp


HEITMAN REAL ESTATE SECURITIES LLC reduced their investment in NYSE:KIM by 3,117,173 shares. The trade had a 3.44% impact on the equity portfolio. During the quarter, the stock traded for an average price of $24.15.

On 05/18/2022, Kimco Realty Corp traded for a price of $22.98 per share and a market cap of $14,201,797,000. The stock has returned 17.43% over the past year.

GuruFocus gives the company a financial strength rating of 4 out of 10 and a profitability rating of 7 out of 10.

In terms of valuation, Kimco Realty Corp has a price-earnings ratio of 13.84, a price-book ratio of 1.42, a price-earnings-to-growth (PEG) ratio of 1.24, a EV-to-Ebitda ratio of 13.45 and a price-sales ratio of 8.45.

The price-to-GF Value ratio is 1.16, earning the stock a GF Value rank of 3.

SITE Centers Corp


The guru established a new position worth 4,131,648 shares in NYSE:SITC, giving the stock a 2.72% weight in the equity portfolio. Shares traded for an average price of $15.61 during the quarter.

On 05/18/2022, SITE Centers Corp traded for a price of $14.56 per share and a market cap of $3,113,311,000. The stock has returned 7.95% over the past year.

GuruFocus gives the company a financial strength rating of 4 out of 10 and a profitability rating of 6 out of 10.

In terms of valuation, SITE Centers Corp has a price-earnings ratio of 29.74, a price-book ratio of 1.66, a EV-to-Ebitda ratio of 12.89 and a price-sales ratio of 5.74.

The price-to-GF Value ratio is 1.18, earning the stock a GF Value rank of 3.

Camden Property Trust


The guru sold out of their 283,924-share investment in NYSE:CPT. Previously, the stock had a 2.27% weight in the equity portfolio. Shares traded for an average price of $164.9 during the quarter.

On 05/18/2022, Camden Property Trust traded for a price of $138.24 per share and a market cap of $14,725,441,000. The stock has returned 19.09% over the past year.

GuruFocus gives the company a financial strength rating of 5 out of 10 and a profitability rating of 7 out of 10.

In terms of valuation, Camden Property Trust has a price-earnings ratio of 41.02, a price-book ratio of 3.48, a EV-to-Ebitda ratio of 19.09 and a price-sales ratio of 12.18.

The price-to-GF Value ratio is 1.11, earning the stock a GF Value rank of 3.

Acadia Realty Trust


The guru established a new position worth 2,233,013 shares in NYSE:AKR, giving the stock a 1.91% weight in the equity portfolio. Shares traded for an average price of $21.15 during the quarter.

On 05/18/2022, Acadia Realty Trust traded for a price of $19.64 per share and a market cap of $1,863,544,000. The stock has returned -1.31% over the past year.

GuruFocus gives the company a financial strength rating of 3 out of 10 and a profitability rating of 7 out of 10.

In terms of valuation, Acadia Realty Trust has a price-earnings ratio of 51.68, a price-book ratio of 1.12, a EV-to-Ebitda ratio of 14.02 and a price-sales ratio of 5.76.

The price-to-GF Value ratio is 0.85, earning the stock a GF Value rank of 7.


Please note, the numbers and facts quoted are as of the writing of this article and may not factor in the latest trading data or company announcements.

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