Hedge Funds Love W.P. Carey Inc. REIT (WPC): 100% Surge in Smart Money Ownership in 2016

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Consequently, some big names were breaking ground themselves. Welch Capital Partners created the biggest position in W.P. Carey Inc. REIT (NYSE:WPC). Welch Capital Partners had $9.8 million invested in the company at the end of the quarter. Greg Poole’s Echo Street Capital Management also made a $5.2 million investment in the stock during the quarter. The following funds were also among the new WPC investors: George Hall’s Clinton Group, Ben Levine, Andrew Manuel and Stefan Renold’s LMR Partners, and Paul Tudor Jones’ Tudor Investment Corp.

Let’s now review hedge fund activity in other stocks similar to W.P. Carey Inc. REIT (NYSE:WPC). We will take a look at Seagate Technology PLC (NASDAQ:STX), AngloGold Ashanti Limited (ADR) (NYSE:AU), Helmerich & Payne, Inc. (NYSE:HP), and Antero Resources Corp (NYSE:AR). This group of stocks’ market caps are closest to WPC’s market cap.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
STX 33 1215628 10
AU 21 520074 -6
HP 25 287195 1
AR 40 1577120 -11

As you can see these stocks had an average of 30 hedge funds with bullish positions and the average amount invested in these stocks was $900 million. That figure was $134 million in WPC’s case. Antero Resources Corp (NYSE:AR) is the most popular stock in this table. On the other hand AngloGold Ashanti Limited (ADR) (NYSE:AU) is the least popular one with only 21 bullish hedge fund positions. Compared to these stocks W.P. Carey Inc. REIT (NYSE:WPC) is even less popular than AU. 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. The good news is that the smart money is becoming more bullish on it, which makes this stock one to watch.

Disclosure: None

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