Is Healthcare Trust Of America Inc (HTA) A Good Stock To Buy?

Judging by the fact that Healthcare Trust Of America Inc (NYSE:HTA) has experienced bearish sentiment from the smart money, it’s safe to say that there is a sect of hedge funds who sold off their entire stakes heading into Q4. It’s worth mentioning that Peter Rathjens, Bruce Clarke and John Campbell’s Arrowstreet Capital cut the largest position of all the hedgies monitored by Insider Monkey, totaling close to $6.7 million in stock. George Hall’s fund, Clinton Group, also said goodbye to its stock, about $0.4 million worth.

Let’s check out hedge fund activity in other stocks – not necessarily in the same industry as Healthcare Trust Of America Inc (NYSE:HTA) but similarly valued. We will take a look at Cognex Corporation (NASDAQ:CGNX), Taubman Centers, Inc. (NYSE:TCO), Endo Health Solutions Inc (NASDAQ:ENDP), and Genesis Energy, L.P. (NYSE:GEL). This group of stocks’ market valuations match HTA’s market valuation.

As you can see these stocks had an average of 17.25 hedge funds with bullish positions and the average amount invested in these stocks was $378 million. That figure was $61 million in HTA’s case. Endo Health Solutions Inc (NASDAQ:ENDP) is the most popular stock in this table. On the other hand Genesis Energy, L.P. (NYSE:GEL) is the least popular one with only 7 bullish hedge fund positions. Healthcare Trust Of America Inc (NYSE:HTA) 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 ENDP might be a better candidate to consider taking a long position in.

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