Do Hedge Funds Love Senior Housing Properties Trust (SNH)?

We already know that not all hedge funds are bullish on the stock and some hedge funds actually got rid of their positions entirely. It’s worth mentioning that Michael Platt and William Reeves’s BlueCrest Capital Mgmt. got rid of the biggest investment of all the hedgies tracked by Insider Monkey, comprising close to $0.6 million in stock, and Paul Tudor Jones’s Tudor Investment Corp was right behind this move, as the fund dropped about $0.4 million worth of shares.

Let’s go over hedge fund activity in other stocks – not necessarily in the same industry as Senior Housing Properties Trust (NYSE:SNH) but similarly valued. We will take a look at Sun Communities Inc (NYSE:SUI), Keysight Technologies Inc (NYSE:KEYS), Pilgrim’s Pride Corporation (NASDAQ:PPC), and Starwood Property Trust, Inc. (NYSE:STWD). This group of stocks’ market values match SNH’s market value.

As you can see these stocks had an average of 18.25 hedge funds with bullish positions and the average amount invested in these stocks was $258 million. That figure was $83 million in SNH’s case. Pilgrim’s Pride Corporation (NASDAQ:PPC) is the most popular stock in this table. On the other hand Keysight Technologies Inc (NYSE:KEYS) is the least popular one with only 14 bullish hedge fund positions. Compared to these stocks Senior Housing Properties Trust (NYSE:SNH) is even less popular than KEYS. Considering that hedge funds aren’t fond of this stock in relation to other companies analyzed in this article, it may be a good idea to analyze it in detail and understand why the smart money isn’t behind this stock. This isn’t necessarily bad news. Although it is possible that hedge funds may think the stock is overpriced and view the stock as a short candidate, they may not be very familiar with the bullish thesis. In either case more research is warranted.