In this article, we discuss the 10 best real stocks to buy according to Charles Fitzgerald’s V3 Capital. If you want to skip our detailed analysis of Fitzgerald’s history, investment philosophy, and hedge fund performance, go directly to the 5 Real Estate Stocks to Buy According to Charles Fitzgerald’s V3 Capital.
V3 Capital Management is a Real Estate Securities Investment firm that provides investment advisory services. As of Q1 2022, the company reported 13F securities valued at $518.02 million, down from $693.29 million in Q4 2021. JBG Smith Properties (NYSE: JBGS) was the largest holding of the firm, as it held over 3.12 million shares in the company valued at $91.34 million.
In Apartment Income Riet Corp. (NYSE: AIRC), the hedge fund held 1,236,403 shares which cover 12.75% of the fund’s portfolio.
Our Methodology
These real estate stocks were picked from the first quarter portfolio of V3 Capital.
Best Real Estate Stocks to Buy According to Charles Fitzgerald’s V3 Capital
10. Inventrust Properties Corp. (NYSE: IVT)
Charles Fitzgerald’s Stake Value: $17,047,000
Percentage of Charles Fitzgerald’s 13F Portfolio: 3.29%
Number of Hedge Fund Holders: 14
Inventrust Properties Corp. (NYSE: IVT) is a real estate investment company that majorly invests in shopping malls. The company owns and manages 65 retail properties comprising 10.8 million square feet with a total asset of $2.8 billion.
V3 Capital held 553,841 shares in Inventrust Properties Corp. (NYSE: IVT) in the first quarter of 2022, worth $17.04 million, representing 3.29 % of the total Charles’ 13F portfolio. The firm recently opened its position in the company.
According to Q1 2022 financial results, Inventrust Properties Corp. (NYSE: IVT) had an excellent performance. The company reported a net income of $9.5 million for the first quarter ended on March 31, 2022. On June 14, Inventrust Properties Corp. (NYSE: IVT) declared a $0.2052/share dividend for the quarter that ended on June 30, 2022.
As of Q1 2022, 14 hedge funds held stakes in Inventrust Properties Corp. (NYSE: IVT), up from 6 a quarter earlier. Israel Englander owned the largest stakes in the company, worth $48.22 million.
9. Chatham Lodging Trust (NYSE: CLDT)
Charles Fitzgerald’s Stake Value: $ 24,494,000
Percentage of Charles Fitzgerald’s 13F Portfolio: 4.72%
Number of Hedge Fund Holders: 18
Chatham Lodging Trust (NYSE: CLDT) is a lodging real estate investment trust that primarily focuses on investing in upscale extended-stay hotels and premium-branded, select-service hotels. According to Q1 2022 operating results, the company’s Portfolio Revenue Per Available Room (RevPAR) boosted 56% to $88 from the previous quarter. The corporation witnessed an Average daily rate (ADR) increment from 36% to $136, and occupancy grew from 15% to 60% for the 41 hotels owned as of March 31, 2022.
Chatham Lodging Trust (NYSE: CLDT) remained the most popular player among institutional investors in Q1 2022. V3 Capital also boosted its stakes in the company by 65% owning 1,776,188 shares, worth $24.49 million. This covered 4.72% of the total Charles’ 13F portfolio.
As of Q1 2022, 18 out of 912 hedge funds tracked by Insider Monkey held stakes in the company, up from 15 funds in the previous quarter. Charles Fitzgerald was the leading shareholder of the company owning 1,776,188 shares valued at $24.49 million.
Anthony Powell, a Barclays analyst, reduced the price target on Chatham Lodging Trust (NYSE: CLDT) to $15 from $16 and kept an “Overweight” rating on the stakes. In a research note, the analyst predicted buying opportunities for the investors due to lodging real estate investment trusts downturn pricing
8. Invitation Homes Inc. (NYSE: INVH)
Charles Fitzgerald’s Stake Value: $30,617,000
Percentage of Charles Fitzgerald’s 13F Portfolio: 5.91%
Number of Hedge Fund Holders: 33
Invitation Homes Inc. (NYSE: INVH) is a real estate investment trust (REIT) that works through Invitation Homes Operating Partnership LP (INVH LP). The company provides single-family homes for lease across America. Invitation Homes Inc. (NYSE: INVH) significantly raised its dividend by 18% at a compound annual growth rate over the past three years. On July 22, 2022, the company declared a $0.22/share quarterly cash dividend, in line with the previous. The company will distribute the dividend on or before August 26, 2022, to shareholders of record of the company’s common stock.
V3 Capital owned 762,000 shares in Invitation Homes Inc. (NYSE: INVH), worth $30.61 million in Q1 2022. This covered 5.91% of the total of Fitzgerald’s 13F portfolio. the hedge fund slashed its stakes in the company by 48% in the first quarter of 2022.
Invitation Homes Inc. (NYSE: INVH) witnessed a rise in the number of hedge funds having stakes in it in Q1 2022. Out of 912 hedge funds’ data tracked by Insider Monkey, 33 funds held stakes in the company, up from 31 in the previous quarter. Israel Englander held the largest number of shares in the company valued at $165.4 million.
JBG Smith Properties (NYSE: JBGS), Apartment Income Riet Corp. (NYSE: AIRC), and Independence Realty Trust Inc. (NYSE: IRT) are some of the prominent holdings of V3 Capital in Q1 2022
7. Healthcare Realty Trust Inc. (NYSE: HR)
Charles Fitzgerald’s Stake Value: $48,777,000
Percentage of Charles Fitzgerald’s 13F Portfolio: 9.41%
Number of Hedge Fund Holders: 28
Healthcare Realty Trust Inc. (NYSE: HR) is a publicly traded Real Estate Investment Trust (REIT) that works in 35 U.S states. The company owns, manages, acquires, and develops outpatient medical facilities across the U.S. On July 20, 2022, Healthcare Realty Trust Inc. (NYSE: HR) announced that the merged Healthcare Realty and Healthcare Trust of America (NYSE: HTA) will be added to the S&P MidCap 400 index. After the inclusion, the company will be part of the MidCap 400 index under the Healthcare Realty name and ticker symbol.
As of Q1 2022, 28 hedge funds held stakes in Healthcare Realty Trust Inc. (NYSE: HR), compared to 21 funds in the last quarter of 2021. Thomas Bailard owned the largest number of shares in the company, worth $0.294 million.
According to Fitzgerald’s 13F portfolio, V3 Capital held 1,775,000 shares in Healthcare Realty Trust Inc. (NYSE: HR), worth $48.77 million representing 9.41% of the portfolio. The hedge fund was a new acquisition of the company in the first quarter of 2022.
JPMorgan analyst Michael Mueller initiated coverage on Healthcare Realty Trust Inc. (NYSE: HR). He kept the company on Neutral with a $27 price target. The analyst believed that the real estate industry had significant potential for growth and would provide opportunities for institutional investors
6. Physician Realty Trust (NYSE: DOC)
Charles Fitzgerald’s Stake Value: $49,464,000
Percentage of Charles Fitzgerald’s 13F Portfolio: 9.54%
Number of Hedge Fund Holders: 14
Physician Realty Trust (NYSE: DOC) is a U.S-based Real Estate Investment Trust (REIT) that invests in real estate and provides health care services. The company owns, manages, acquires, and develops healthcare properties that are leased to physicians, hospitals, and healthcare delivery systems.
As of Q1 2022 financial results, Physician Realty Trust (NYSE: DOC) reported total revenue of $130.4 million, 15% more compared to the previous quarter. The company generated a net income of $0.06/share on a fully diluted basis in the first quarter of 2022. On June 17, 2022, the company announced a quarterly cash distributable dividend of $0.23/share payable on July 19, 2022.
Even though Physician Realty Trust (NYSE: DOC) experienced a decline in the number of hedge funds in Q1 2022, the company remained prominent among institutional investors. 14 hedge funds out of 912 tracked by Insider Monkey held stakes in the company, compared to 18 a quarter earlier.
As of Q1 2022, V3 Capital held 2,820,060 shares in Physician Realty Trust (NYSE: DOC) valued at $49.46 million representing 9.54% of the total Fitzgerald’s 13F portfolio. The firm decreased its stakes in the company by 27% in the first quarter of 2022. Bailard Inc owned the largest number of shares in Physician Realty Trust (NYSE: DOC), worth $0.311 million.
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Disclosure: None. 10 Best Real Estate Stocks to Buy According to Charles Fitzgerald’s V3 Capital is originally published on Insider Monkey.
Correction: The article was amended at 8:12 AM ET, August 11, to amend details related to the education of Charles Fitzgerald.
