27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
Citi Research recently released a huge report that took an in-depth look into trends in REIT ownership. In the report, analyst Michael Bilerman discussed the REITs that top hedge funds have been buying and selling.
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The Numbers
Overall, hedge funds have remained mostly neutral on REITs in the past year. Hedge fund ownership currently makes up about 4.0 percent of total REIT ownership. “While the total hedge fund ownership is 4 percent – the top 10 positions average approximately 26 percent as a percentage of float – with the top 10 long positions representing ~33 percent of hedge funds' long positions in REITs,” Bilerman explained.
Top Long Positions
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According to the report, the three largest hedge fund REIT long positions are currently Equinix Inc (NASDAQ: EQIX), Northstar Realty Finance Corp (NYSE: NRF) and Verit Inc (NYSE: VER).
The funds included in the report hold combined long positions exceeding $1 billion in each of the three top REITs.
Top Short Positions
Bilerman also included a list of the top largest hedge fund REIT short positions.
The three largest short positions include Rouse Properties Inc (NYSE: RSE), Starwood Waypoint Residential Trust (NYSE: SWAY) and American Residential Properties Inc (NYSE: ARPI).
Each of the three top shorted REITs currently has a short interest ratio in excess of 9.0 percent.
Disclosure: The author holds no position in the stocks mentioned.
Image Credit: Public Domain27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.