Should BRE Properties Inc (NYSE:BRE) investors track the following data?
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What’s more, we’re going to examine the recent info about BRE Properties Inc (NYSE:BRE).
What does the smart money think about BRE Properties Inc (NYSE:BRE)?
Heading into Q3, a total of 14 of the hedge funds we track were bullish in this stock, a change of -22% from the previous quarter. With hedgies’ positions undergoing their usual ebb and flow, there exists a select group of key hedge fund managers who were increasing their stakes significantly.
Out of the firms we follow, AEW Capital Management had the biggest position in BRE Properties Inc (NYSE:BRE), worth close to $67 million, accounting for 1.7% of its total 13F portfolio. The second largest stake is held by Ken Griffin of Citadel Investment Group, with a $45.4 million position; 0.1% of its 13F portfolio is allocated to the stock. Some other peers that hold long positions include Eric Mindich’s Eton Park Capital, John Khoury’s Long Pond Capital and Louis Bacon’s Moore Global Investments.
Since BRE Properties Inc (NYSE:BRE) has faced dropping sentiment from upper-tier hedge fund managers, it’s easy to see that there was a specific group of hedge funds that decided to sell off their entire stakes in Q1. At the top of the heap, Nick Niell’s Arrowgrass Capital Partners dropped the biggest stake of all the hedgies we monitor, worth an estimated $32.8 million in stock. Dmitry Balyasny’s fund, Balyasny Asset Management, also dumped its stock, about $9.1 million worth. These transactions are important to note, as aggregate hedge fund interest was cut by 4 funds in Q1.
Insider trading activity in BRE Properties Inc (NYSE:BRE)
Bullish insider trading is at its handiest when the company in question has experienced transactions within the past six months. Over the last half-year time period, BRE Properties Inc (NYSE:BRE) has experienced zero unique insiders purchasing, and zero insider sales (see the details of insider trades here).
We’ll also take a look at the relationship between both of these indicators in other stocks similar to BRE Properties Inc (NYSE:BRE). These stocks are American Campus Communities, Inc. (NYSE:ACC), Two Harbors Investment Corp (NYSE:TWO), Apartment Investment and Management Co. (NYSE:AIV), Equity Lifestyle Properties, Inc. (NYSE:ELS), and Home Properties, Inc. (NYSE:HME). This group of stocks are in the reit – residential industry and their market caps resemble BRE’s market cap.
| Company Name | # of Hedge Funds | # of Insiders Buying | # of Insiders Selling |
| American Campus Communities, Inc. (NYSE:ACC) | 19 | 0 | 0 |
| Two Harbors Investment Corp (NYSE:TWO) | 24 | 0 | 0 |
| Apartment Investment and Management Co. (NYSE:AIV) | 14 | 0 | 0 |
| Equity Lifestyle Properties, Inc. (NYSE:ELS) | 13 | 0 | 0 |
| Home Properties, Inc. (NYSE:HME) | 7 | 0 | 0 |
Using the returns shown by the previously mentioned strategies, average investors must always track hedge fund and insider trading sentiment, and BRE Properties Inc (NYSE:BRE) is an important part of this process.
