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Is Wheeler Real Estate Investment Trust Inc (WHLR) A Good Stock To Buy?

With a general bullishness amongst the heavyweights, key hedge funds were breaking ground themselves. Forward Management assembled the largest position in Wheeler Real Estate Investment Trust Inc (NASDAQ:WHLR). The other funds with new positions in the stock are David M. Knott’s Dorset Management, Millennium Management, which is one of the 10 largest hedge funds in the world, and Michael Thompson’s BHR Capital.

Let’s go over hedge fund activity in other stocks similar to Wheeler Real Estate Investment Trust Inc (NASDAQ:WHLR). We will take a look at Rocket Fuel Inc (NASDAQ:FUEL), Willbros Group Inc (NYSE:WG), Stonegate Mortageg Corp (NYSE:SGM), and Safe Bulkers, Inc. (NYSE:SB). This group of stocks’ market valuations are similar to WHLR’s market valuation.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
FUEL 8 9520 -2
WG 7 10858 -3
SGM 6 25161 -3
SB 5 6607 -1

As you can see these stocks had an average of 6 hedge funds with bullish positions and the average amount invested in these stocks was $13 million. That figure was $40 million in WHLR’s case. Rocket Fuel Inc (NASDAQ:FUEL) is the most popular stock in this table. On the other hand Safe Bulkers, Inc. (NYSE:SB) is the least popular one with only 5 bullish hedge fund positions. Compared to these stocks Wheeler Real Estate Investment Trust Inc (NASDAQ:WHLR) is more popular among hedge funds. Considering that hedge funds are fond of this stock in relation to its market cap peers, it may be a good idea to analyze it in detail and potentially include it in your portfolio.

Disclosure: None