Is DCT Industrial Trust Inc (DCT) A Good Stock To Buy?

We already know that not all hedge funds are bullish on the stock and some hedge funds actually sold off their positions entirely. Intriguingly, Ben Levine, Andrew Manuel and Stefan Renold’s LMR Partners sold off the biggest investment of all the hedgies monitored by Insider Monkey, worth close to $3.3 million in stock, and Benjamin A. Smith’s Laurion Capital Management was right behind this move, as the fund sold off about $2.2 million worth of shares.

Let’s go over hedge fund activity in other stocks similar to DCT Industrial Trust Inc (NYSE:DCT). We will take a look at IPG Photonics Corporation (NASDAQ:IPGP), Teradyne, Inc. (NYSE:TER), Companhia Brasileira de Distrib. (ADR) (NYSE:CBD), and Santander Consumer USA Holdings Inc (NYSE:SC). All of these stocks’ market caps are similar to DCT’s market cap.

As you can see these stocks had an average of 18.5 hedge funds with bullish positions and the average amount invested in these stocks was $212 million. That figure was $114 million in DCT’s case. Santander Consumer USA Holdings Inc (NYSE:SC) is the most popular stock in this table. On the other hand Companhia Brasileira de Distrib. (ADR) (NYSE:CBD) is the least popular one with only 6 bullish hedge fund positions. DCT Industrial Trust Inc (NYSE:DCT) 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 SC might be a better candidate to consider taking a long position in.