Do Hedge Funds Love Physicians Realty Trust (DOC)?

Judging by the fact that Physicians Realty Trust (NYSE:DOC) has faced bearish sentiment from the entirety of the hedge funds we track, logic holds that there lies a certain “tier” of money managers that decided to sell off their full holdings in the third quarter. It’s worth mentioning that Jim Simons’s Renaissance Technologies cut the largest position of the 700 funds tracked by Insider Monkey, totaling an estimated $4.2 million in stock. Chao Ku’s fund, Nine Chapters Capital Management, also sold off its stock, about $1.3 million worth of DOC shares. These transactions are interesting, as aggregate hedge fund interest was cut by 1 fund in the third quarter.

Let’s check out hedge fund activity in other stocks – not necessarily in the same industry as Physicians Realty Trust (NYSE:DOC) but similarly valued. We will take a look at Advanced Energy Industries, Inc. (NASDAQ:AEIS), ServisFirst Bancshares, Inc. (NASDAQ:SFBS), Hersha Hospitality Trust (NYSE:HT), and Union First Market Bankshares Corp. (NASDAQ:UBSH). This group of stocks’ market caps are closest to DOC’s market cap.

As you can see these stocks had an average of 10 hedge funds with bullish positions and the average amount invested in these stocks was $54 million. That figure was $53 million in DOC’s case. Advanced Energy Industries, Inc. (NASDAQ:AEIS) is the most popular stock in this table, while Union First Market Bankshares Corp. (NASDAQ:UBSH) is the laggard with only 8 bullish hedge fund positions. Compared to these stocks Physicians Realty Trust (NYSE:DOC) is more popular among hedgies. Considering that hedge funds are fond of this stock in relation to its market cap peers, it may be a good idea to analyze it in detail and potentially include it in your portfolio.