Ramco-Gershenson Properties Trust (RPT): Are Hedge Funds Right To Dislike This Stock?

Consequently, some big names have jumped into Ramco-Gershenson Properties Trust (NYSE:RPT) headfirst. Balyasny Asset Management assembled the most outsized position in Ramco-Gershenson Properties Trust (NYSE:RPT), having $6.7 million invested in the company at the end of the quarter. David E. Shaw’s D E Shaw also initiated a $0.5 million position during the quarter.

Let’s now take a look at hedge fund activity in other stocks – not necessarily in the same industry as Ramco-Gershenson Properties Trust (NYSE:RPT) but similarly valued. These stocks are Dean Foods Co (NYSE:DF), Evolent Health Inc (NYSE:EVH), Astoria Financial Corp (NYSE:AF), and SAGE Therapeutics Inc (NASDAQ:SAGE). All of these stocks’ market caps are closest to RPT’s market cap.

As you can see these stocks had an average of 15 hedge funds with bullish positions and the average amount invested in these stocks was $160 million. That figure was $63 million in RPT’s case. Dean Foods Co (NYSE:DF) is the most popular stock in this table. On the other hand Astoria Financial Corp (NYSE:AF) is the least popular one with only 10 bullish hedge fund positions. Compared to these stocks Ramco-Gershenson Properties Trust (NYSE:RPT) is only as popular as AF. 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.

Disclosure: None