Is it a Wise Choice to Invest in Jones Lang LaSalle (JLL)?

·2 min read

Baron Funds, an asset management firm, published its “Baron Real Estate Fund” first quarter 2022 investor letter – a copy of which can be downloaded here. The Baron Real Estate Fund (the “Fund”) declined 10.76% (Institutional Shares) in the first quarter of 2022, modestly outperforming its primary benchmark, the MSCI USA IMI Extended Real Estate Index (the “MSCI Real Estate Index”), which declined 11.03%. The Fund underperformed the MSCI US REIT Index (the “REIT Index”), which declined 4.28%. Try to spend some time looking at the fund’s top 5 holdings to be informed about their best picks for 2022.

In its Q1 2022 investor letter, Baron Real Estate Fund mentioned Jones Lang LaSalle Incorporated (NYSE:JLL) and explained its insights for the company. Founded in 1999, Jones Lang LaSalle Incorporated (NYSE:JLL) is a Chicago, Illinois-based global commercial real estate services company with a $9.1 billion market capitalization. Jones Lang LaSalle Incorporated (NYSE:JLL) delivered a -30.60%% return since the beginning of the year, while its 12-month returns are down by -8.44%. The stock closed at $186.92 per share on May 24, 2022.

Here is what Baron Real Estate Fund has to say about Jones Lang LaSalle Incorporated (NYSE:JLL) in its Q1 2022 investor letter:

"Following strong share price performance in 2021, the shares of leading commercial real estate services firm, Jones Lang LaSalle Incorporated (NYSE:JLL) declined in the most recent quarter. We believe the current valuations of  the company is compelling. Further, we believe the company is well-positioned to benefit from long-term growth opportunities that include a growing list of companies looking to outsource their commercial real estate needs, the growth in institutional ownership of commercial real estate, and attractive acquisition opportunities given their highly desirable global platforms and strong balance sheets."

Real Estate, Building
Real Estate, Building

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Our calculations show that Jones Lang LaSalle Incorporated (NYSE:JLL) fell short and didn’t make it on our list of the 30 Most Popular Stocks Among Hedge Funds. Jones Lang LaSalle Incorporated (NYSE:JLL) was in 35 hedge fund portfolios at the end of the first quarter of 2022, compared to 37 funds in the previous quarter. Jones Lang LaSalle Incorporated (NYSE:JLL) delivered a -23.75% return in the past 3 months.

In December 2021, we also shared another hedge fund’s views on Jones Lang LaSalle Incorporated (NYSE:JLL) in another article. You can find other investor letters from hedge funds and prominent investors on our hedge fund investor letters 2022 Q1 page.

Disclosure: None. This article is originally published at Insider Monkey.