CBRE's REIT Portfolio Adjustments
CBRE Investment Management Makes Significant Portfolio Shifts Across Healthcare and Real Estate REITs
Anonymous
CBRE Investment Management Listed Real Assets LLC made notable portfolio moves across several real estate and healthcare-related investment trusts, trimming and boosting different holdings over the latest reporting periods. It cut its stake in Healthpeak Properties by about 1.8%, while other large investors—including JPMorgan Chase—expanded their positions in the company. The firm increased its stake in Iron Mountain by 14.0%, adding shares as institutional ownership remains broad across the stock. It also raised its position in American Healthcare REIT by about 14.5%, alongside multiple other investors making smaller, varied trades. CBRE Investment Management sharply reduced its Realty Income position by roughly 83.9%, despite continued participation from other institutional managers. Finally, it dramatically expanded its Omega Healthcare Investors holding, lifting the stake by more than 300% as several other funds also added to the REIT.
Key Points
1
In Healthpeak Properties (DOC), CBRE Investment Management Listed Real Assets LLC cut its stake by 1.8% by selling 105,451 shares in the quarter, leaving it with 5,696,889 shares worth about $91.6 million (per its most recent SEC filing).
2
In Iron Mountain (IRM), multiple investors also initiated new positions: Easterly Investment Partners LLC bought a new stake valued at about $6.1 million in the 4th quarter, and Reaves W H & Co. Inc. bought a new stake valued at about $4.5 million—alongside CBRE’s 14.0% increase.
3
For American Healthcare REIT (AHR), the coverage includes an insider transaction: EVP Mark E. Foster sold 2,000 shares at an average price of $48.55 on March 25, for about $97,100 total.
4
In Realty Income (O), CBRE reduced its position to 455,409 shares after selling 2,380,216 shares during the quarter; the article also notes that 70.81% of the stock is owned by institutional investors.
5
In Omega Healthcare Investors (OHI), CBRE’s 327.5% stake increase brought its holdings to 2,222,799 shares (adding 1,702,846 shares), with the stake valued at about $98.6 million; the article also says OHI makes up 1.4% of CBRE’s portfolio and is its 28th-largest holding.
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