Is Healthcare Trust Of America Inc (NYSE:HTA) a superb investment right now? Prominent investors are turning bullish. The number of long hedge fund positions increased by 7 recently.
In the eyes of most stock holders, hedge funds are perceived as unimportant, old investment tools of years past. While there are over 8000 funds trading today, we choose to focus on the crème de la crème of this club, about 450 funds. It is estimated that this group has its hands on most of all hedge funds’ total capital, and by paying attention to their highest performing equity investments, we have spotted a number of investment strategies that have historically outpaced the S&P 500 index. Our small-cap hedge fund strategy outstripped the S&P 500 index by 18 percentage points per annum for a decade in our back tests, and since we’ve began to sharing our picks with our subscribers at the end of August 2012, we have outperformed the S&P 500 index by 23.3 percentage points in 8 months (check out a sample of our picks).
Equally as integral, bullish insider trading activity is a second way to parse down the stock market universe. There are many incentives for an insider to cut shares of his or her company, but just one, very simple reason why they would buy. Many empirical studies have demonstrated the impressive potential of this tactic if shareholders understand where to look (learn more here).
With these “truths” under our belt, let’s take a look at the latest action regarding Healthcare Trust Of America Inc (NYSE:HTA).
What does the smart money think about Healthcare Trust Of America Inc (NYSE:HTA)?
Heading into Q2, a total of 11 of the hedge funds we track were bullish in this stock, a change of 175% from the first quarter. With hedge funds’ capital changing hands, there exists a few notable hedge fund managers who were increasing their stakes substantially.
When looking at the hedgies we track, Jacob Gottlieb’s Visium Asset Management had the biggest position in Healthcare Trust Of America Inc (NYSE:HTA), worth close to $27.1 million, comprising 0.7% of its total 13F portfolio. Sitting at the No. 2 spot is Renaissance Technologies, managed by Jim Simons, which held a $16.9 million position; less than 0.1%% of its 13F portfolio is allocated to the company. Other hedgies with similar optimism include D. E. Shaw’s D E Shaw, Israel Englander’s Millennium Management and Dmitry Balyasny’s Balyasny Asset Management.
As industrywide interest jumped, key hedge funds have been driving this bullishness. Visium Asset Management, managed by Jacob Gottlieb, initiated the most outsized position in Healthcare Trust Of America Inc (NYSE:HTA). Visium Asset Management had 27.1 million invested in the company at the end of the quarter. Israel Englander’s Millennium Management also initiated a $5.7 million position during the quarter. The other funds with brand new HTA positions are Dmitry Balyasny’s Balyasny Asset Management, Ben Levine Andrew Manuel and Stefan Renold’s LMR Partners, and Matthew Hulsizer’s PEAK6 Capital Management.
Insider trading activity in Healthcare Trust Of America Inc (NYSE:HTA)
Insider purchases made by high-level executives is at its handiest when the company we’re looking at has experienced transactions within the past half-year. Over the latest 180-day time frame, Healthcare Trust Of America Inc (NYSE:HTA) has experienced 7 unique insiders purchasing, and zero insider sales (see the details of insider trades here).
Let’s check out hedge fund and insider activity in other stocks similar to Healthcare Trust Of America Inc (NYSE:HTA). These stocks are LTC Properties Inc (NYSE:LTC), National Health Investors Inc (NYSE:NHI), Omega Healthcare Investors Inc (NYSE:OHI), Medical Properties Trust, Inc. (NYSE:MPW), and Healthcare Realty Trust Inc (NYSE:HR). This group of stocks are the members of the reit – healthcare facilities industry and their market caps resemble HTA’s market cap.