Published on 30 Jul 2021 on Insider Monkey via Yahoo Finance

Were Hedge Funds Right About Healthcare Trust Of America Inc (HTA)?

A whopping number of 13F filings filed with U.S. Securities and Exchange Commission has been processed by Insider Monkey so that individual investors can look at the overall hedge fund sentiment towards the stocks included in their watchlists. These freshly-submitted public filings disclose money managers’ equity positions as of the end of the three-month period that ended March 31st, so let’s proceed with the discussion of the hedge fund sentiment on Healthcare Trust Of America Inc (NYSE:HTA).

Is Healthcare Trust Of America Inc (NYSE:HTA) going to take off soon? Money managers were turning bullish. The number of bullish hedge fund positions moved up by 3 lately. Healthcare Trust Of America Inc (NYSE:HTA) was in 17 hedge funds' portfolios at the end of the first quarter of 2021. The all time high for this statistic is 20. Our calculations also showed that HTA isn't among the 30 most popular stocks among hedge funds (click for Q1 rankings). There were 14 hedge funds in our database with HTA holdings at the end of December.

In the financial world there are a large number of tools investors have at their disposal to grade stocks. A pair of the most under-the-radar tools are hedge fund and insider trading indicators. We have shown that, historically, those who follow the top picks of the best fund managers can outperform the broader indices by a solid amount. Insider Monkey's monthly stock picks returned 206.8% since March 2017 and outperformed the S&P 500 ETFs by more than 115 percentage points (see the details here). That's why we believe hedge fund sentiment is a useful indicator that investors should pay attention to.