Top 5 Real Estate Stocks to Buy According to Land & Buildings Investment Management

Below we present the list of Top 10 Real Estate Stocks to Buy According to Land & Buildings Investment Management. For our methodology and a more comprehensive list please see Top 10 Real Estate Stocks to Buy According to Land & Buildings Investment Management.

5. American Homes 4 Rent (NYSE:AMH)

Kicking off the second half of our list of Land & Buildings Investment Management’s top real estate stock picks is American Homes 4 Rent (NYSE:AMH). The fund raised its stake in AMH by 10% during Q3, pushing it to 988,493 shares valued at $37.68 million as of the end of September. Hedge fund ownership of AMH has steadily increased over each of the last six quarters, hitting a record high of 34 during the September quarter.

Third Avenue Management, which initiated a stake in American Homes 4 Rent (NYSE:AMH) in Q3 of 2020 and remains a shareholder through the latest 13F filing period, discussed its latest purchase in its Q3 2020 investor letter. The fund expressed optimism over AMH’s unique build-to-rent platform, noting that it was well-positioned to expand the platform thanks to its unusually strong free cash flow for a REIT in addition to already having enough land secured to build another 6,000 homes. AMH is already North America’s second-largest owner of single-family homes for rent.