How RAIT Financial Trust (RAS) Stacks Up Against Its Peers

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Let’s go over hedge fund activity in other stocks similar to RAIT Financial Trust (NYSE:RAS). We will take a look at Straight Path Communications Inc (NYSEMKT:STRP), Primero Mining Corp (NYSE:PPP), Idera Pharmaceuticals Inc (NASDAQ:IDRA), and Reading International, Inc. (NASDAQ:RDI). This group of stocks’ market values resemble RAS’s market value.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
STRP 7 30791 -1
PPP 5 2969 -4
IDRA 9 30977 2
RDI 7 15135 3

As you can see these stocks had an average of 7 hedge funds with bullish positions and the average amount invested in these stocks was $20 million. That figure was $56 million in RAS’s case. Idera Pharmaceuticals Inc (NASDAQ:IDRA) is the most popular stock in this table. On the other hand Primero Mining Corp (NYSE:PPP) is the least popular one with only 5 bullish hedge fund positions. RAIT Financial Trust (NYSE:RAS) is tied as the most popular stock in this group. This is a positive signal, as we’d rather spend our time researching stocks that hedge funds are piling on. In this regard IDRA and RAS might be good candidates to consider taking long positions in.

Disclosure: None

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