AmREIT Inc (AMRE): Forward Management Still Largest Shareholder Despite Slightly Reducing its Position

Despite reducing its exposure to AmREIT Inc (NYSE:AMRE), one can hardly suggest J. Alan Reid’s Forward Management has become bearish regarding the stock. As a matter of fact, the investment firm seems quite bullish in terms of the company’s future performance, as it continues to be its largest institutional shareholder. Other funds are also displaying an optimistic stance towards AmREIT, such as David Kowitz and Sheldon Kasowitz’s Indus Capital. The hedge fund holds a stake of 490,000 shares in the company, amounting to 1.1% of its equity portfolio. Nancy Havens-Hasty’s Havens Advisors has also displayed confidence in the real estate investment trust, entering a new position in AmREIT with 285,000 shares last quarter, which accounts for a whooping 3.6% of the hedge fund’s portfolio. Other significant institutional shareholders include Gregory Bylinsky and Jefferson Gramm’s Bandera Partners, with 229,400 shares, and Douglas Hirsch’s Seneca Capital, with a stake of 235,100 shares.

If you would like to know more about Forward Management’s investment strategy and what small investors can expect from the mutual fund industry, be sure to check out the following interview CNBC conducted with Alan Reid.

Disclosure: Pablo Erbar holds no position in any stocks or funds mentioned.