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Is Duke Realty Corp (DRE) A Good Stock To Buy?

Consequently, specific money managers were leading the bulls’ herd. Segantii Capital, led by Simon Sadler, initiated the biggest position in Duke Realty Corp (NYSE:DRE). Segantii Capital had $5 million invested in the company at the end of the quarter. The following funds were also among the new DRE investors: Alec Litowitz and Ross Laser’s Magnetar Capital, Paul Tudor Jones’s Tudor Investment Corp, and Mike Vranos’s Ellington.

Let’s check out hedge fund activity in other stocks similar to Duke Realty Corp (NYSE:DRE). We will take a look at Huaneng Power International Inc (ADR) (NYSE:HNP), Hanesbrands Inc. (NYSE:HBI), Liberty Interactive Corp (NASDAQ:QVCA), and Shaw Communications Inc (USA) (NYSE:SJR). This group of stocks’ market valuations are closest to DRE’s market valuation.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
HNP 1 6463 -4
HBI 25 1016621 -5
QVCA 77 3079369 2
SJR 9 114682 -3

As you can see these stocks had an average of 28 hedge funds with bullish positions and the average amount invested in these stocks was $1054 million. That figure was $44 million in DRE’s case. Liberty Interactive Corp (NASDAQ:QVCA) is the most popular stock in this table. On the other hand Huaneng Power International Inc (ADR) (NYSE:HNP) is the least popular one with only 1 bullish hedge fund positions. Duke Realty Corp (NYSE:DRE) 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 QVCA might be a better candidate to consider taking a long position in.

Disclosure: None