Top 5 2nd Quarter Trades of SPIRIT OF AMERICA MANAGEMENT CORP/NY

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Jul 19, 2022
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SPIRIT OF AMERICA MANAGEMENT CORP/NY recently filed their 13F report for the second quarter of 2022, which ended on 2022-06-30.

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.

477 Jericho Turnpike Syosset, NY 11791-9006

As of the latest 13F report, the guru’s equity portfolio contained 239 stocks valued at a total of $440.00Mil. The top holdings were WMB(3.86%), CVX(3.76%), and MPLX(2.92%).

According to GuruFocus data, these were SPIRIT OF AMERICA MANAGEMENT CORP/NY’s top five trades of the quarter.

BP PLC


The guru established a new position worth 81,361 shares in NYSE:BP, giving the stock a 0.52% weight in the equity portfolio. Shares traded for an average price of $30.62 during the quarter.

On 07/19/2022, BP PLC traded for a price of $28.06 per share and a market cap of $89.07Bil. The stock has returned 21.52% over the past year.

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

In terms of valuation, BP PLC has a price-book ratio of 1.57, a EV-to-Ebitda ratio of 17.07 and a price-sales ratio of 0.61.

The price-to-GF Value ratio is 1.09, earning the stock a GF Value rank of 5.

VICI Properties Inc


During the quarter, SPIRIT OF AMERICA MANAGEMENT CORP/NY bought 71,370 shares of NYSE:VICI for a total holding of 91,370. The trade had a 0.48% impact on the equity portfolio. During the quarter, the stock traded for an average price of $29.47.

On 07/19/2022, VICI Properties Inc traded for a price of $32.91 per share and a market cap of $31.69Bil. The stock has returned 8.33% over the past year.

GuruFocus gives the company a financial strength rating of 5 out of 10 and a profitability rating of 8 out of 10.

In terms of valuation, VICI Properties Inc has a price-earnings ratio of 20.14, a price-book ratio of 1.57, a price-earnings-to-growth (PEG) ratio of 0.12, a EV-to-Ebitda ratio of 26.36 and a price-sales ratio of 12.76.

The price-to-GF Value ratio is 1.01, earning the stock a GF Value rank of 5.

BP Midstream Partners LP


The guru sold out of their 141,496-share investment in NYSE:BPMP. Previously, the stock had a 0.47% weight in the equity portfolio. Shares traded for an average price of $17.05 during the quarter.

On 07/19/2022, BP Midstream Partners LP traded for a price of $17.11 per share and a market cap of $1.79Bil. The stock has returned 45.67% 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, BP Midstream Partners LP has a price-earnings ratio of 12.13, a price-book ratio of 14.52, a price-earnings-to-growth (PEG) ratio of 0.84, a EV-to-Ebitda ratio of 11.71 and a price-sales ratio of 17.55.

The price-to-GF Value ratio is 1.64, earning the stock a GF Value rank of 1.

MGM Growth Properties LLC


The guru sold out of their 51,150-share investment in NYSE:MGP. Previously, the stock had a 0.39% weight in the equity portfolio. Shares traded for an average price of $39.64 during the quarter.

On 07/19/2022, MGM Growth Properties LLC traded for a price of $41.64 per share and a market cap of $6.53Bil. The stock has returned 22.42% over the past year.

GuruFocus gives the company a financial strength rating of 3 out of 10 and a profitability rating of 6 out of 10.

In terms of valuation, MGM Growth Properties LLC has a price-earnings ratio of 30.39, a price-book ratio of 2.06, a EV-to-Ebitda ratio of 12.66 and a price-sales ratio of 8.25.

The price-to-GF Value ratio is 2.22, earning the stock a GF Value rank of 1.

MPLX LP


SPIRIT OF AMERICA MANAGEMENT CORP/NY reduced their investment in NYSE:MPLX by 58,000 shares. The trade had a 0.38% impact on the equity portfolio. During the quarter, the stock traded for an average price of $32.05.

On 07/19/2022, MPLX LP traded for a price of $30.74 per share and a market cap of $31.12Bil. The stock has returned 17.33% 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, MPLX LP has a price-earnings ratio of 10.34, a price-book ratio of 2.43, a EV-to-Ebitda ratio of 9.81 and a price-sales ratio of 3.18.

The price-to-GF Value ratio is 1.10, earning the stock a GF Value rank of 3.


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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