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Do you like to follow smart money buying trends? If so, you may be interested in the following screen.

We began by screening the financial industry for stocks that are rallying above their 20-day, 50-day, and 200-day moving averages, indicating that these stocks have strong upward momentum.

We then screened for those with bullish sentiment from institutional investors, with significant net institutional purchases over the last quarter representing at least 5% of share float. This indicates that institutional investors such as hedge fund managers and mutual fund managers expect these names to outperform into the future.

For an interactive version of this chart, click on the image below. Analyst ratings sourced from Zacks Investment Research.


(Click to enlarge)

A combination of strong performance and backing of insiders is encouraging. Do you think these stocks have even more upside to price in? Use this list as a starting point for your own analysis.

List sorted by net institutional purchases over the last quarter as a percent of share float.

1. Summit Hotel Properties, Inc. (NYSE:INN): Engages in acquiring, owning, renovating, repositioning, and asset-managing and selling premium-branded limited-service and select-service hotels in the upscale and midscale without food and beverage segments of the United States' lodging industry. Market cap at $369.31M, most recent closing price at $8.49.

Net institutional purchases in the current quarter at 13.3M shares, which represents about 29.0% of the company's float of 45.86M shares.

The stock is currently trading 0.61% above its 20-day moving average, 4.45% above its 50-day moving average, and 8.19% above its 200-day moving average.

2. Chesapeake Lodging Trust (NYSE:CHSP): Market cap at $767.64M, most recent closing price at $19.38.

Net institutional purchases in the current quarter at 7.3M shares, which represents about 20.13% of the company's float of 36.27M shares.

The stock is currently trading 5.37% above its 20-day moving average, 4.25% above its 50-day moving average, and 10.62% above its 200-day moving average.

3. American Campus Communities Inc. (NYSE:ACC): Engages in the acquisition, design, finance, development, lease, and management of student housing properties in the United States. Market cap at $4.71B, most recent closing price at $45.04.

Net institutional purchases in the current quarter at 16.2M shares, which represents about 15.52% of the company's float of 104.40M shares.

The stock is currently trading 2.51% above its 20-day moving average, 2.8% above its 50-day moving average, and 2.55% above its 200-day moving average.

4. DDR Corp. (NYSE:DDR): Operates as a real estate investment trust (REIT) in the United States. Market cap at $4.7B, most recent closing price at $15.18.

Net institutional purchases in the current quarter at 22.3M shares, which represents about 9.51% of the company's float of 234.42M shares.

The stock is currently trading 0.59% above its 20-day moving average, 0.61% above its 50-day moving average, and 5.36% above its 200-day moving average.

5. The Blackstone Group (NYSE:BX): Provides alternative asset management and financial advisory services worldwide. Market cap at $16.74B, most recent closing price at $14.69.

Net institutional purchases in the current quarter at 29.7M shares, which represents about 7.36% of the company's float of 403.33M shares.

The stock is currently trading 1.92% above its 20-day moving average, 1.71% above its 50-day moving average, and 8.66% above its 200-day moving average.

6. Equity One Inc. (NYSE:EQY): Engages in the ownership, management, acquisition, renovation, and development of neighborhood and community shopping centers in the United States. Market cap at $2.48B, most recent closing price at $20.86.

Net institutional purchases in the current quarter at 4.3M shares, which represents about 6.93% of the company's float of 62.05M shares.

The stock is currently trading 1.46% above its 20-day moving average, 0.57% above its 50-day moving average, and 2.72% above its 200-day moving average.

*Institutional data sourced from Fidelity, all other data sourced from Finviz.

Source: 6 Rallying Financials Being Snapped By Money Managers