5 Real Estate Stocks Gurus Are Buying

AvalonBay tops the list

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Jul 16, 2018
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According to the GuruFocus All-In-One Screener, the following real estate stocks are popular among gurus.

AvalonBay Communities Inc. (AVB, Financial) is held by five gurus

The company develops multifamily communities in the United States. It has a market cap of $23.96 billion. Its revenue of $2.19 billion has grown 5% over the last 10 years.

The stock is trading with a price-earnings ratio of 30.57. The current price of $173.35 is 10.37% below its 52-week high and 13.56% above its 52-week low. Over the last 10 years, it has returned a gain of 86%.

Jim Simons (Trades, Portfolio) is the company's largest guru shareholder with 1.15% of outstanding shares, followed by Pioneer Investments (Trades, Portfolio) with 0.19% and Chris Davis (Trades, Portfolio) with 0.08%.

Three gurus are invested in Realty Income Corp. (O, Financial)

With a market cap of $15.68 billion, the company owns over 5,000 properties across the U.S and Puerto Rico. Its revenue of $1.23 billion has increased 4.70% over the past decade.

The stock is trading with a price-earnings ratio of 49.24. The current price of $55.15 is 8.16% below its 52-week high and 16.72% above its 52-week low. Over the last 10 years, it has returned a gain of 122%.

The company’s largest shareholder among the gurus is Pioneer Investments with 0.24% of outstanding shares, followed by Simons with 0.02% and Ray Dalio (Trades, Portfolio) with 0.01%.

Macerich Co. (MAC, Financial) is held by five gurus

The company manages and leases regional and community shopping centers. It has a market cap of $8.16 billion. Its revenue of $983.35 million has decreased 2.30% over the last 10 years.

The stock is trading with a price-earnings ratio of 192.80. The current price of $57.84 is 17.05% below its 52-week high and 10.97% above its 52-week low. Over the last 10 years, it has returned a gain of 5%.

With 0.86% of outstanding shares, Third Avenue Management (Trades, Portfolio) is the company's largest guru shareholder, followed by Mario Cibelli (Trades, Portfolio) with 0.18%, Louis Moore Bacon (Trades, Portfolio) with 0.14% and John Burbank (Trades, Portfolio) with 0.07%.

Four gurus have positions in Forest City Realty Trust Inc. (FCE.A, Financial)

With a market cap of $6.15 billion, the company owns and develops real estate properties throughout the United States.

The stock is trading with a price-earnings ratio of 16.92. The current price of $23.01 is 12.51% below its 52-week high and 19.59% above its 52-week low. Over the last 10 years, it has returned a loss of 17%.

The company’s largest shareholder among the gurus is Third Avenue Management with 3.56% of outstanding shares, followed by Simons with 1.57% and Martin Whitman (Trades, Portfolio)'s Southeastern Asset Management with 0.68%.

CoreCivic Inc. (CXW, Financial) is held by five gurus

The company maintains and leases core real estate assets to government partners. It has a market cap of $24.84 billion. Its revenue of $1.76 billion has increased 2.10% over the past decade.

The stock is trading with a price-earnings ratio of 17.74. The current price of $24.84 is 15.02% below its 52-week high and 33.48% above its 52-week low. Over the last 10 years, it has returned a loss of 8%.

With 1.58% of outstanding shares, Simons is the company's largest guru shareholder, followed by Columbia Wanger (Trades, Portfolio) with 1.39%, Manning & Napier Advisors with 0.31% and Jeremy Grantham (Trades, Portfolio) with 0.09%.

Disclosure: I do not own any stocks mentioned in this article.