AEW CAPITAL MANAGEMENT LP Buy

AEW CAPITAL MANAGEMENT LP recently filed its 13F report for the second quarter of 2022, which ended on 2022-06-30.

The 13F report details the stocks that were in a guru’s stock portfolio at the end of the quarter, although investors should note that these filings are limited in scope, containing only an overview of long stock positions. listed in the United States and American certificates of deposit at the end of the quarter. They are not required to include international holdings, short positions or other types of investments. Yet even this limited repository can provide valuable information.

AEW Capital Management is a privately held real estate investment management firm based in Boston, Massachusetts. The company was established in 1981 and has grown to have locations in Los Angeles, London, Paris, Hong Kong and Singapore. AEW Capital Management is a subsidiary of its parent company Natixis Global Asset Management. The company has grown since its inception to today have 230 employees of which 147 are investment professionals. AEW Capital Management uses a value-driven methodology, focusing on the cash flow and risk profiles of selected companies. The firm uses a variety of targeted, long/short and diversified strategies to invest in public equities, in particular listed real estate securities, globally. AEW Capital Management invests the most in the real estate sector, which alone accounts for more than three-quarters of its total asset allocations, and also invests in the financials and consumer discretionary sectors, among others to a lesser extent, in descending order of allocation. The company invests the most in Simon Property Group, Inc., which alone accounts for more than 10% of its allocations, with its top 10 holdings accounting for more than half of its total holdings. AEW Capital Management currently holds over $28 billion in assets under management across 76 accounts, of which 64 are discretionary accounts, representing over $23 billion in total assets, and 12 are non-discretionary accounts, representing $5 billion in remaining assets. Although the company’s total number of accounts has shrunk in recent years, its total assets under management have increased significantly, from $10.5 billion in 2010 to more than double today. The company caters to a variety of clients, including high net worth individuals, state or municipal entities, corporations, charities, pooled investment vehicles, investment companies, pension plans and profit-sharing, banking institutions and insurance companies, among others, in descending order of allocation.

According to the latest 13F report, the guru’s stock portfolio contained 41 stocks valued at a total of $2.66 billion. The main stocks were PLD (11.05%), EQIX (9.22%) and VTR (5.27%).

According to data from GuruFocus, these were AEW CAPITAL MANAGEMENT LP‘s top five deals of the quarter.

CubeSmart

The guru established a new position worth 1,754,082 shares in NYSE:CUBE, giving the stock a 2.82% weighting in the equity portfolio. The shares traded at an average price of $46.11 during the quarter.

On 04/08/2022, CubeSmart traded at a price of $45.71 per share and a market capitalization of $10.22 billion. The stock has returned -6.11% over the past year.

GuruFocus gives the company a financial strength rating of 4 out of 10 and a profitability rating of 9 out of 10.

In terms of valuation, CubeSmart has a price/earnings ratio of 43.34, a price/book ratio of 3.61, a price/earnings/growth (PEG) ratio of 5.49, an EV/Ebitda ratio of 23 .23 and a price-to-sell ratio of 11.05.

The GF price-to-value ratio is 1.03, giving the stock a GF value rank of 5.

public storage

During the quarter, AEW CAPITAL MANAGEMENT LP purchased 215,550 shares of NYSE:PSA for a total holding of 334,475. The transaction had a 2.53% impact on the equity portfolio. During the quarter, the stock traded at an average price of $346.93.

On 08/04/2022, Public Storage traded at a price of $329 per share and a market capitalization of $57.36 billion. The stock has returned 9.22% over the past year.

GuruFocus gives the company a financial strength rating of 6 out of 10 and a profitability rating of 9 out of 10.

In terms of valuation, Public Storage has a price/earnings ratio of 31.74, a price/book ratio of 10.71, a price/earnings/growth (PEG) ratio of 5.88, an EV/Ebitda ratio of 23.22 and a price-to-sales ratio of 15.87.

The GF price-to-value ratio is 1.08, giving the stock a GF value rank of 5.

Prologis inc.

During the quarter, AEW CAPITAL MANAGEMENT LP purchased 474,910 shares of NYSE:PLD for a total holding of 2,499,255. The transaction had a 2.1% impact on the equity portfolio. During the quarter, the stock traded at an average price of $138.62.

On 08/04/2022, Prologis Inc traded at a price of $129.97 per share and a market capitalization of $95.97 billion. The stock has returned 2.76% over the past year.

GuruFocus gives the company a financial strength rating of 5 out of 10 and a profitability rating of 8 out of 10.

In terms of valuation, Prologis Inc has a price/earnings ratio of 25.98, a price/book ratio of 2.81, a price/earnings/growth (PEG) ratio of 6.34, an EV/Ebitda ratio of 18.84 and a price-to-sales ratio of 20.54.

The GF price-to-value ratio is 1.10, giving the stock a GF value rank of 3.

Macerich Co.

The guru sold his investment of 4,546,165 shares in NYSE:MAC. Previously, the stock had a weighting of 2.06% in the equity portfolio. The shares traded at an average price of $12.14 during the quarter.

On 04/08/2022, Macerich Co traded at a price of $10.21 per share and a market capitalization of $2.19 billion. The stock has returned -30.87% over the past year.

GuruFocus gives the company a financial strength rating of 3 out of 10 and a profitability rating of 7 out of 10.

In terms of valuation, Macerich Co has a price/earnings ratio of 56.19, a price/book ratio of 0.73, an EV/Ebitda ratio of 12.47 and a price/sales ratio of 2.56.

The GF price-to-value ratio is 0.76, giving the stock a GF value rank of 9.

Digital Real Estate Trust Inc

During the quarter, AEW CAPITAL MANAGEMENT LP purchased 404,585 shares of NYSE:DLR for a total holding of 610,186. The transaction had a 1.98% impact on the equity portfolio. During the quarter, the stock traded at an average price of $138.18.

On 08/04/2022, Digital Realty Trust Inc traded at a price of $129.12 per share and a market capitalization of $36.65 billion. The stock has posted a return of -14.40% over the past year.

GuruFocus gives the company a financial strength rating of 4 out of 10 and a profitability rating of 8 out of 10.

In terms of valuation, Digital Realty Trust Inc has a price-to-earnings ratio of 28.22, a price-to-book ratio of 2.24, a price-to-earnings-to-growth (PEG) ratio of 5.23, an EV /Ebitda of 16.57. and a price-to-sales ratio of 8.14.

The GF price/value ratio is 0.86, giving the stock a GF value rank of 7.

Please note that figures and facts quoted are at the time of writing this article and may not reflect the latest business data or company announcements.

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