Hedge Funds Grow Bearish On Retail Properties of America Inc (RPAI): What Did They Find Out?

We already know that not all hedge funds are bullish on the stock and some hedge funds actually sold off their positions entirely. Interestingly, Jonathan Litt’s Land & Buildings Investment Management sold off the largest position of the 700 funds monitored by Insider Monkey, valued at about $3.1 million in stock. Jacob Gottlieb’s fund, Visium Asset Management, also sold off its stock, about $1.5 million worth.

Let’s now take a look at hedge fund activity in other stocks – not necessarily in the same industry as Retail Properties of America Inc (NYSE:RPAI) but similarly valued. These stocks are Columbia Sportswear Company (NASDAQ:COLM), Embraer SA (ADR) (NYSE:ERJ), Teradyne, Inc. (NYSE:TER), and Dunkin Brands Group Inc (NASDAQ:DNKN). This group of stocks’ market values are closest to RPAI’s market value.

As you can see these stocks had an average of 18 hedge funds with bullish positions and the average amount invested in these stocks was $265 million. That figure was $234 million in RPAI’s case. Teradyne, Inc. (NYSE:TER) is the most popular stock in this table. On the other hand Embraer SA (ADR) (NYSE:ERJ) is the least popular one with only 11 bullish hedge fund positions. Retail Properties of America Inc (NYSE:RPAI) is not the least popular stock in this group but hedge fund interest is still below average. This is a slightly negative signal and we’d rather spend our time researching stocks that hedge funds are piling on. In this regard TER might be a better candidate to consider taking a long position in.

Disclosure: None