Physicians Realty Trust (DOC): Are Hedge Funds Right About This Stock?

Now that we’ve mentioned the most bullish investors, let’s also take a look at some funds that cashed in their entire stakes in the stock during the third quarter. Intriguingly, Michael Swotes’ Castle Ridge Investment Management cashed in the largest investment of all the investors tracked by Insider Monkey, comprising an estimated $4.9 million in stock, and Jim Simons’ Renaissance Technologies was right behind this move, as the fund dumped about $4.5 million worth of shares.

Let’s also examine hedge fund activity in other stocks – not necessarily in the same industry as Physicians Realty Trust (NYSE:DOC) but similarly valued. We will take a look at Prospect Capital Corporation (NASDAQ:PSEC), Chicago Bridge & Iron Company N.V. (NYSE:CBI), Littelfuse, Inc. (NASDAQ:LFUS), and Zendesk Inc (NYSE:ZEN). This group of stocks’ market valuations resemble DOC’s market valuation.

As you can see these stocks had an average of 20 hedge funds with bullish positions and the average amount invested in these stocks was $210 million. That figure was $65 million in DOC’s case. Chicago Bridge & Iron Company N.V. (NYSE:CBI) is the most popular stock in this table. On the other hand Prospect Capital Corporation (NASDAQ:PSEC) is the least popular one with only 13 funds holding shares. Physicians Realty Trust (NYSE:DOC) 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 Chicago Bridge & Iron Company N.V. (NYSE:CBI) might be a better candidate to consider taking a long position in.

Suggested Articles:
Best Things To Buy On Amazon Under 20 Dollars
Largest Freshwater Lakes In the World
Most Expensive DSLR Cameras

Disclosure: None