In this article we will take a look at some real estate stocks in the portfolio of V3 Capital. You can read about V3 Capital, its portfolio and some interesting stock picks by clicking 10 Best Real Estate Stocks to Buy According to Charles Fitzgerald’s V3 Capital.
5. Camden Property Trust (NYSE: CPT)
Charles Fitzgerald’s Stake Value: $54,588,000
Percentage of Charles Fitzgerald’s 13F Portfolio: 10.53%
Number of Hedge Fund Holders: 30
Camden Property Trust (NYSE: CPT) is a U.S-based real estate company that invests in apartments in the United States. On 15 June 2022, Camden Property Trust (NYSE: CPT) declared a quarterly cash distributable dividend of $0.94/share, in line with the previous. The company distributed the dividend to shareholders of record of its common stock on 15 July 2022. Piper Sandler analyst Alexander Goldfarb reduced the price target on Camden Property Trust (NYSE: CPT) from $160 to $155, while keeping the shares on an ‘Overweight’ rating. The analyst told the investors that there had been an increase in the apartment rent growth since COVID, but in the case of absolute rent levels, there will be an increasing resistance, especially in the Coastal urban market.
By the end of Q1 2022, out of 912 hedge funds identified by Insider Monkey 30 funds held stakes in Camden Property Trust (NYSE: CPT), up from 26 in the last quarter of 2021. Bailard Inc owned the largest number of shares in the company, worth $0.336 million.
Based on Fitzgerald’s 13F portfolio, V3 Capital owned 328,450 shares in Camden Property Trust (NYSE: CPT) valued at $54.58 million, representing 10.53% of the portfolio in Q1 2022. The hedge fund decreased its shares in the company by 12% in Q1 2022.
4. American Homes 4 Rent (NYSE: AMH)
Charles Fitzgerald’s Stake Value: $60,630,000
Percentage of Charles Fitzgerald’s 13F Portfolio: 11.7%
Number of Hedge Fund Holders: 36
American Homes 4 Rent (NYSE: AMH) is an America-based real estate company that invests in single-family rental homes. Anthony Powell, a Barclays analyst, decreased the price target on American Homes 4 Rent (NYSE: AMH) from $49 to $44, while keeping the shares on an ‘Overweight’ rating. The analyst expects that apartment and single-family real estate trusts will show strong quarter results and positive near-term leases in the foreseeable future.
3. Independence Realty Trust Inc. (NYSE: IRT)
Charles Fitzgerald’s Stake Value: $61,665,000
Percentage of Charles Fitzgerald’s 13F Portfolio: 11.9%
Number of Hedge Fund Holders: 20
Independence Realty Trust Inc. (NYSE: IRT) is a self-managed real estate investment trust (REIT) that invests in multifamily apartment communities across America. During Q1 2022, V3 Capital built its position in Independence Realty Trust Inc. (NYSE: IRT) owning 2,332,250 shares with a total value of $61.66 million, representing the total 11.9% of Fitzgerald’s 13F portfolio. The hedge fund increased its stakes in the company by 379% in Q1 2022.
During Q1 2022, Independence Realty Trust Inc. (NYSE: IRT) saw a decline in the number of hedge funds having stakes in the company. 20 out of 912 hedge funds identified by Insider Monkey held stakes in the company, down from 24 in Q4 2021. Thomas Bailard was the leading shareholder in the company with a value equal to $0.763 million.
2. Apartment Income REIT Corp. (NYSE: AIRC)
Charles Fitzgerald’s Stake Value: $66,098,000
Percentage of Charles Fitzgerald’s 13F Portfolio: 12.75%
Number of Hedge Fund Holders: 26
Apartment Income REIT Corp. (NYSE: AIRC) is a publicly traded real estate investment trust, headquartered in Denver, Colorado, U.S. The company operates multifamily housing across the United States. On June 21, 2022, Apartment Income REIT Corp. (NYSE: AIRC) agreed with Apartment Investment and Management Co. (NYSE: AIMCO) over the early termination of certain existing leases for some negotiated term of $200 million. The leases contained 4 properties including 865 apartment homes with an average monthly rent of $3,400. The properties were owned by Apartment Income REIT Corp. (NYSE: AIRC) and leased to AIMC.
1. JBG Smith Properties (NYSE: JBGS)
Charles Fitzgerald’s Stake Value: $91,343,000
Percentage of Charles Fitzgerald’s 13F Portfolio: 17.63%
Number of Hedge Fund Holders: 17
Based in Bethesda, Maryland, JBG Smith Properties (NYSE: JBGS) is a publicly traded real estate investment trust S&P 400 company. The company owns, operates, and develops a portfolio of commercial and multifamily assets around Washington, Dc. On 6 June 2022, JBG Smith Properties (NYSE: JBGS) announced the sale of two assets valued at $344 million, at the same time increasing its share repurchase authorization by $500 million to $1 billion.
At the end of Q1 2022, JBG Smith Properties (NYSE: JBGS) saw a decline in the number of hedge funds. 17 out of 912 hedge funds tracked by Insider Monkey held stakes in the company, compared to 20 in the last quarter of 2021. Long Pond Capital owned the largest number of shares in the company, worth $241.69 million in Q1 2022.
According to Fitzgerald’s 13F portfolio, V3 Capital owned 3,126,041 shares in JBG Smith Properties (NYSE: JBGS), worth $92.343 million in Q1 2022, representing 17.63% of the portfolio. The hedge fund decreased its stakes in the company by 8% in the first quarter of 2022.
