Should You Buy Ramco-Gershenson Properties Trust (RPT)?

With a general bullishness amongst the heavyweights, specific money managers were leading the bulls’ herd. Segantii Capital, managed by Simon Sadler, initiated the largest position in Ramco-Gershenson Properties Trust (NYSE:RPT). Segantii Capital had $6.5 million invested in the company at the end of the quarter. Anand Parekh’s Alyeska Investment Group also made a $5 million investment in the stock during the quarter. The following funds were also among the new RPT investors: Peter Muller’s PDT Partners, Gavin Saitowitz and Cisco J. del Valle’s Springbok Capital, and Paul Tudor Jones’s Tudor Investment Corp.

Let’s now take a look at hedge fund activity in other stocks similar to Ramco-Gershenson Properties Trust (NYSE:RPT). We will take a look at TASER International, Inc. (NASDAQ:TASR), Gramercy Property Trust Inc (NYSE:GPT), Wesco Aircraft Holdings Inc (NYSE:WAIR), and BBCN Bancorp, Inc. (NASDAQ:BBCN). This group of stocks’ market values are similar to RPT’s market value.

As you can see these stocks had an average of 12 hedge funds with bullish positions and the average amount invested in these stocks was $148 million, versus $63 million in RPT’s case. TASER International, Inc. (NASDAQ:TASR) is the most popular stock in this table with 15 funds holding shares. On the other hand, BBCN Bancorp, Inc. (NASDAQ:BBCN) is the least popular one with only 7 bullish hedge fund positions. Compared to these stocks Ramco-Gershenson Properties Trust (NYSE:RPT) is more popular among hedge funds. 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.