Hedge Funds Are Buying Senior Housing Properties Trust (SNH)

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At the moment, there are plenty of metrics shareholders can use to monitor publicly traded companies. A couple of the best are hedge fund and insider trading interest. At Insider Monkey, our studies have shown that, historically, those who follow the best picks of the best fund managers can outpace the broader indices by a significant margin (see just how much).

Equally as necessary, bullish insider trading sentiment is another way to look at the investments you’re interested in. Just as you’d expect, there are a variety of stimuli for a bullish insider to get rid of shares of his or her company, but only one, very simple reason why they would initiate a purchase. Many empirical studies have demonstrated the valuable potential of this method if you understand where to look (learn more here).

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Furthermore, we’re going to analyze the newest info surrounding Senior Housing Properties Trust (NYSE:SNH).

What have hedge funds been doing with Senior Housing Properties Trust (NYSE:SNH)?

At the end of the second quarter, a total of 10 of the hedge funds we track were long in this stock, a change of 11% from one quarter earlier. With hedge funds’ positions undergoing their usual ebb and flow, there exists a few noteworthy hedge fund managers who were increasing their holdings substantially.

When using filings from the hedgies we track, Ken Fisher’s Fisher Asset Management had the largest position in Senior Housing Properties Trust (NYSE:SNH), worth close to $52 million, comprising 0.1% of its total 13F portfolio. On Fisher Asset Management’s heels is Millennium Management Subsidiary of Decade Capital Management, with a $4.4 million position; the fund has 0.3% of its 13F portfolio invested in the stock. Some other hedge funds that are bullish include Cliff Asness’s AQR Capital Management, David Dreman’s Dreman Value Management and Brian Ashford-Russell and Tim Woolley’s Polar Capital.

As industrywide interest increased, certain money managers have jumped into Senior Housing Properties Trust (NYSE:SNH) headfirst. Fisher Asset Management, managed by Ken Fisher, initiated the most valuable position in Senior Housing Properties Trust (NYSE:SNH). Fisher Asset Management had 52 million invested in the company at the end of the quarter. Millennium Management Subsidiary’s Decade Capital Management also initiated a $4.4 million position during the quarter. The following funds were also among the new SNH investors: Cliff Asness’s AQR Capital Management, David Dreman’s Dreman Value Management, and Brian Ashford-Russell and Tim Woolley’s Polar Capital.

What have insiders been doing with Senior Housing Properties Trust (NYSE:SNH)?

Bullish insider trading is most useful when the company in question has seen transactions within the past 180 days. Over the latest 180-day time frame, Senior Housing Properties Trust (NYSE:SNH) has seen zero unique insiders purchasing, and zero insider sales (see the details of insider trades here).

We’ll also examine the relationship between both of these indicators in other stocks similar to Senior Housing Properties Trust (NYSE:SNH). These stocks are Camden Property Trust (NYSE:CPT), Essex Property Trust Inc (NYSE:ESS), Apartment Investment and Management Co. (NYSE:AIV), Two Harbors Investment Corp (NYSE:TWO), and American Campus Communities, Inc. (NYSE:ACC). This group of stocks are in the reit – residential industry and their market caps resemble SNH’s market cap.

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