10 Real Estate Stocks to Buy Now According to Charles Fitzgerald’s V3 Capital

Published March 22, 2022 at 9:05 am EDT Updated August 19, 2026 at 7:43 am EDT

In this article, we discuss 10 real estate stocks to buy now according to Charles Fitzgerald’s V3 Capital.

Charles Fitzgerald established the hedge fund V3 Capital in 2011. He started his career as an analyst and portfolio manager at JP Morgan Investment Management. Later, he worked as a managing partner, co-portfolio manager, and research director at High Rise Capital Management. Currently, he works as the senior managing partner at V3 Capital.

V3 Capital is a New York-based hedge fund. It manages pooled investment vehicles and provides investment management services. When it comes to investing, it concentrates on the real estate industry. The portfolio value of the hedge fund at the end of the fourth quarter of 2021 was $693.29 million, down from $750.83 million in the third quarter of 2021. The fund’s stock holdings can be better understood by looking at the 13F filings for the fourth quarter of 2021. V3 Capital made new purchases in 3 stocks, additional purchases in 4, and reduced holdings in 4 stocks. It also sold off 5 stocks entirely.

Apartment Income REIT Corp. (NYSE:AIRC), JBG SMITH Properties (NYSE:JBGS), and Healthcare Trust of America, Inc. (NYSE:HTA), among others, were among the prominent companies in V3 Capital’s portfolio in the fourth quarter.

Based on the 13F holdings for the fourth quarter of 2021, V3 Capital owns 1.37 million shares in Apartment Income REIT Corp. after increasing its holding by 3% from the third quarter of 2021. Apartment Income REIT Corp. shares have gained about 23.54% in value over the last twelve months as of March 19.

10 Real Estate Stocks to Buy Now According to Charles Fitzgerald's V3 Capital

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Another notable stock in Charles Fitzgerald’s V3 Capital portfolio is JBG SMITH Properties. The investor owns a $96.84 million stake in the company. JBG SMITH Properties was given an Outperform rating and a $37 price target by Wolfe Research analyst Andrew Rosivach on January 5.

Charles Fitzgerald also owns shares of Healthcare Trust of America, Inc.. Even though his hedge fund slashed its stake in the company by 18% in the fourth quarter of 2021, it still owns 3.48 million shares of the company, worth $116.20 million. In addition, Healthcare Trust of America, Inc.’s board of directors declared a quarterly dividend of $0.325 per share of common stock on February 28.

Our Methodology

Here is a list of 10 real estate stocks to buy now according to Charles Fitzgerald’s V3 Capital. We used Fitzgerald’s 13F portfolio for Q4 2021 for this analysis.

The number of hedge funds that own shares in each company was determined using data from roughly 924 top hedge funds tracked by Insider Monkey at the conclusion of the fourth quarter.

Real Estate Stocks to Buy Now According to Charles Fitzgerald’s V3 Capital

10. Independence Realty Trust, Inc. (NYSE:IRT)

V3 Capital Stake Value: $12,599,000

Percentage of V3 Capital’s 13F Portfolio: 1.81%

Number of Hedge Fund Holders: 24

Independence Realty Trust, Inc. (NYSE:IRT) is a real estate investment trust that owns and manages multifamily apartment complexes across the United States. Independence Realty Trust, Inc. was given an Overweight rating and a $30 price target by Barclays analyst Anthony Powell on January 18.

Independence Realty Trust, Inc. was in 24 hedge funds’ portfolios at the end of the fourth quarter of 2021. Independence Realty Trust, Inc. has experienced an increase in hedge fund interest lately, as there were 13 hedge funds in Insider Monkey’s database with Independence Realty Trust, Inc. positions at the end of the third quarter.

Based on its 13F holdings for the fourth quarter of 2021, V3 Capital owns 487,750 shares of Independence Realty Trust, Inc., valued at $12.60 million. The hedge fund increased its stake in Independence Realty Trust, Inc. by 37% in the fourth quarter of 2021. Millennium Management is Independence Realty Trust, Inc.’s largest shareholder, with shares worth $117.92 million.

Independence Realty Trust, Inc. is one of Charles Fitzgerald’s top real estate stock picks, with the others being Apartment Income REIT Corp., JBG SMITH Properties, and Healthcare Trust of America, Inc..

9. Washington Real Estate Investment Trust (NYSE:WRE)

V3 Capital Stake Value: $13,814,000

Percentage of V3 Capital’s 13F Portfolio: 1.99%

Number of Hedge Fund Holders: 11

Washington Real Estate Investment Trust (NYSE:WRE) is a real estate investment trust that owns and operates income-producing assets. The company is divided into two segments: office and multifamily. V3 Capital built a sizeable new stake in Washington Real Estate Investment Trust during Q4 by buying 534,387 shares valued at $13.81 million.

BTIG analyst James Sullivan boosted his price objective on Washington Real Estate Investment Trust to $29 from $28 on December 13 and maintained a Buy rating on the stock. According to Sullivan in a research report, REITs outpaced the national spread for the second month in succession.

By the end of the fourth quarter of 2021, Insider Monkey identified 11 hedge funds that had stakes in Washington Real Estate Investment Trust. These stakes were worth $67.75 million. As of the fourth quarter of 2021, Jim Simons of Renaissance Technologies is the lead stakeholder in Washington Real Estate Investment Trust. The fund owns 841,900 shares of stock worth $21.76 million.

8. Chatham Lodging Trust (NYSE:CLDT)

V3 Capital Stake Value: $14,802,000

Percentage of V3 Capital’s 13F Portfolio: 2.13%

Number of Hedge Fund Holders: 15

Chatham Lodging Trust (NYSE:CLDT) is a real estate investment trust that buys and sells hotels. It specializes in upmarket extended-stay hotels and premium branded select-service hotels. Chatham Lodging Trust declared on March 9 that it had paid $31 million, or $279,000 per room, in an off-market deal for the oceanfront 111-room Hilton Garden Inn based in Miramar Beach, Florida.

Chatham Lodging Trust, on February 24, posted earnings for the fourth quarter. The reported FFO came in at $0.12, beating estimates by $0.03. Chatham Lodging Trust was the latest holding of V3 Capital in Q4 and represented 2.13% of Charles Fitzgerald’s portfolio. The hedge fund held shares worth over $14.80 million in the company.

15 out of the 924 hedge funds held stakes in Chatham Lodging Trust in the fourth quarter of 2021, worth $52.63 million, compared to the same number of funds in the preceding quarter, holding stakes in Chatham Lodging Trust totaling $40.01 million.

7. American Homes 4 Rent (NYSE:AMH)

V3 Capital Stake Value: $65,599,000

Percentage of V3 Capital’s 13F Portfolio: 9.46%

Number of Hedge Fund Holders: 36

American Homes 4 Rent (NYSE:AMH) is a REIT that invests in the purchase, remodeling, leasing, and management of single-family residences for rental purposes. Austin Wurschmidt of KeyBanc commenced coverage of American Homes 4 Rent with a Sector Weight rating on February 1.

V3 Capital sold off 9% of its stake in American Homes 4 Rent during the fourth quarter of 2021, leaving it with 1.50 million shares valued at $65.60 million. Greg Poole’s Echo Street Capital Management is the biggest stakeholder of American Homes 4 Rent, with 5.61 million shares worth $244.70 million.

By the end of the fourth quarter, Insider Monkey found American Homes 4 Rent to be a part of 36 hedge fund portfolios. The total stakes that these funds had in the company are worth $896.81 million, up from $786.05 million the prior quarter with 33 positions.

6. Invitation Homes Inc. (NYSE:INVH)

V3 Capital Stake Value: $65,635,000

Percentage of V3 Capital’s 13F Portfolio: 9.46%

Number of Hedge Fund Holders: 31

Invitation Homes Inc. (NYSE:INVH) is a company that buys, renovates, leases, and operates single-family homes as rental properties, including homes in planned unit projects. V3 Capital started building its position in Invitation Homes Inc. during the first quarter of 2021, with shares worth over $19.39 million. Fitzgerald sold 298,975 shares of Invitation Homes Inc. in the fourth quarter, reducing his remaining stake by about 18%. At the end of the fourth quarter, Fitzgerald still held more than 1.45 million shares of Invitation Homes Inc., worth about $65.64 million.

On February 1, KeyBanc analyst Austin Wurschmidt initiated coverage of Invitation Homes Inc. with an Overweight rating and a $46 price target. The analyst predicted that Invitation Homes Inc. would continue to generate above-average internal growth with a loss-to-lease in the mid-teens and 97.5% -98% target occupancy.

According to our database, the number of Invitation Homes Inc.’s long hedge funds positions reduced at the end of the fourth quarter of 2021. 31 hedge funds held a position in Invitation Homes Inc., compared to 36 funds in the third quarter.

Just like Apartment Income REIT Corp., JBG SMITH Properties, and Healthcare Trust of America, Inc., Invitation Homes Inc. is one of the real estate stocks to buy now according to Charles Fitzgerald’s V3 Capital.

5. Camden Property Trust (NYSE:CPT)

V3 Capital Stake Value: $66,031,000
Percentage of V3 Capital’s 13F Portfolio: 9.52%
Number of Hedge Fund Holders: 26

Camden Property Trust (NYSE:CPT) invests in real estate. The company specializes in multifamily apartment community ownership, management, development, repositioning, redevelopment, acquisition, and construction. Fitzgerald cut his stake in Camden Property Trust by 83,550 shares in the fourth quarter, reducing his total position by 19%. He first invested in Camden Property Trust in the fourth quarter of 2016. However, V3 Capital still holds 369,550 shares of the company, worth more than $66.03 million.

Israel Englander’s Millennium Management is the largest shareholder of Camden Property Trust in Q4, holding shares worth roughly $72.52 million. Overall, 26 hedge funds tracked by Insider Monkey held stakes in Camden Property Trust in Q4, up from 23 in the previous quarter. These stakes hold a consolidated value of $349.19 million.

Mizuho analyst Haendel St. Juste cut his price objective on Camden Property Trust to $170 from $179 on February 16 and maintained a Neutral rating on the stock. Following the Q4 earnings and 2022 outlook for the apartment real estate investment trusts, the analyst changed his 2022 projections marginally.

4. Physicians Realty Trust (NYSE:DOC)

V3 Capital Stake Value: $72,214,000
Percentage of V3 Capital’s 13F Portfolio: 10.41%
Number of Hedge Fund Holders: 18

Physicians Realty Trust (NYSE:DOC) is a healthcare real estate investment trust that invests in, develops, owns, and manages healthcare assets. Tayo Okusanya, II of Credit Suisse commenced coverage of Physicians Realty Trust on February 1 with a Neutral rating and a $19 price objective.

By the end of Q4 2021, V3 Capital held 3.84 million shares in Physicians Realty Trust, valued at over $72.21 million. The company represented 10.41% of Charles Fitzgerald’s V3 Capital portfolio. The hedge fund elevated its stake in the firm by 55% in the fourth quarter of 2021.

As per Insider Monkey’s Q4 data, 18 hedge funds held stakes worth over $154.09 million in Physicians Realty Trust in Q4. In the previous quarter, 17 hedge funds held positions in the company, with stakes valued at roughly $67.75 million.

3. Apartment Income REIT Corp. (NYSE:AIRC)

V3 Capital Stake Value: $74,811,000
Percentage of V3 Capital’s 13F Portfolio: 10.79%
Number of Hedge Fund Holders: 18

Apartment Income REIT Corp. is a real estate investment trust that owns and manages apartment properties. At the end of Q4 2021, V3 Capital held a stake worth over $74.81 million in Apartment Income REIT Corp., representing 10.79% of its 13F portfolio.

Mizuho analyst Haendel St. Juste decreased his price objective on Apartment Income REIT Corp. to $59 from $62 on February 16, and maintained a Buy rating on the stock. After the Q4 earnings and 2022 outlook for apartment REITs, the analyst somewhat revised his 2022 predictions.

According to Insider Monkey’s database, 18 hedge funds had a stake in Apartment Income REIT Corp. as of Q4 2021. The total value of their holdings was $415.12 million. Waterfront Capital Partners is the leading shareholder of Apartment Income REIT Corp., with a stake worth over $78.33 million.

2. JBG SMITH Properties (NYSE:JBGS)

V3 Capital Stake Value: $96,840,000
Percentage of V3 Capital’s 13F Portfolio: 13.96%
Number of Hedge Fund Holders: 20

JBG SMITH Properties is a real estate investment trust that owns, operates, invests in, and develops a mixed-use real estate portfolio. On February 14, JBG Smith and affiliates of Fortress Investment Group LLC signed a joint venture deal worth $580 million to recapitalize a 1.6 million square foot portfolio of seven office buildings managed by JBG SMITH Properties.

Long Pond Capital is JBG SMITH Properties’s largest shareholder, with shares worth $171.19 million. The number of hedge funds tracked by Insider Monkey having stakes in JBG SMITH Properties stood at 20 in Q4 2021. These stakes hold a value of roughly $337.25 million. In comparison, 15 hedge funds held stakes in JBG SMITH Properties in the preceding quarter, worth $288.24 million.

1. Healthcare Trust of America, Inc. (NYSE:HTA)

V3 Capital Stake Value: $116,197,000
Percentage of V3 Capital’s 13F Portfolio: 16.76%
Number of Hedge Fund Holders: 37

Healthcare Trust of America, Inc. is a publicly traded real estate investment trust specialising in the acquisition, ownership, and management of medical office buildings. Even after selling 720,000 shares of Healthcare Trust of America, Inc. in the fourth quarter, Charles Fitzgerald’s V3 Capital holds more than 3.48 million shares of the company, worth about $116.20 million.

Stifel analyst Stephen Manaker reduced Healthcare Trust of America, Inc. to Hold from Buy with a price objective of $30, down from $38 on February 28 after the company concluded its strategic options process by consenting to a sale to Healthcare Realty Trust.

At the end of Q4 2021, 37 hedge funds tracked by Insider Monkey reported owning stakes in Healthcare Trust of America, Inc., up from 14 in the third quarter. These holdings are worth $588.19 million, up from $381.78 million in Q3.

You can also take a peek at 10 Stocks to Buy Now According to Leonard A. Potter’s Wildcat Capital Management and 10 Stocks to Buy According to Peter Simmie’s Bristol Gate Capital.

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