8 Outperforming Financials Being Snapped Up By Hedge Funds

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Includes: AFSI, AGNC, ARR, DX, HCN, HPP, TWO, VTR
by: Kapitall

Do you think the financials sector has more value to price in? If so, we ran a screen you may be interested in.

We began by screening the financials sector for stocks that have outperformed the market over the last quarter, with quarterly performance above 10%.

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.

Tool provided by Kapitall. More investing ideas on Kapitall Wire.

Do you think these names will continue to outperform? Use this list as a starting point for your own analysis.

List sorted by net institutional purchases as a percent of share float.

1. Two Harbors Investment Corp. (TWO): Operates as a real estate investment trust (REIT) that focuses on investing in, financing, and managing residential mortgage-backed securities (RMBS) and related investments. Market cap at $294.59M, most recent closing price at $11.33. Performance over the last quarter at 13.45%. Net institutional purchases in the current quarter at 52.8M shares, which represents about 26.16% of the company's float of 201.85M shares.

2. Dynex Capital Inc. (DX): Operates as a mortgage real estate investment trust (REIT). Market cap at $553.18M, most recent closing price at $10.19. Performance over the last quarter at 11.75%. Net institutional purchases in the current quarter at 8.6M shares, which represents about 16.62% of the company's float of 51.76M shares.

3. ARMOUR Residential REIT, Inc. (ARR): Market cap at $1.71B, most recent closing price at $7.55. Performance over the last quarter at 13.14%. Net institutional purchases in the current quarter at 25.7M shares, which represents about 14.52% of the company's float of 176.97M shares.

4. American Capital Agency Corp. (AGNC): Operates as a real estate investment trust (REIT). Market cap at $2.27B, most recent closing price at $34.84. Performance over the last quarter at 17.92%. Net institutional purchases in the current quarter at 40.0M shares, which represents about 13.35% of the company's float of 299.55M shares.

5. Ventas, Inc. (VTR): Engages in investment, management, financing, and leasing of properties in the healthcare industry. Market cap at $19.23B, most recent closing price at $65.71. Performance over the last quarter at 12.94%. Net institutional purchases in the current quarter at 23.3M shares, which represents about 8.11% of the company's float of 287.27M shares.

6. AmTrust Financial Services, Inc. (AFSI): Operates as a multinational specialty property and casualty insurance company in the United States and internationally. Market cap at $1.79B, most recent closing price at $29.89. Performance over the last quarter at 10.30%. Net institutional purchases in the current quarter at 2.2M shares, which represents about 7.22% of the company's float of 30.48M shares.

7. Health Care REIT, Inc. (HCN): Engages in investment, development, and management of properties. Market cap at $13.02B, most recent closing price at $61.08. Performance over the last quarter at 10.15%. Net institutional purchases in the current quarter at 15.1M shares, which represents about 7.1% of the company's float of 212.73M shares.

8. Hudson Pacific Properties, Inc. (HPP): Operates as a vertically integrated real estate company. Market cap at $385.96M, most recent closing price at $17.69. Performance over the last quarter at 11.63%. Net institutional purchases in the current quarter at 1.6M shares, which represents about 6.79% of the company's float of 23.57M shares.

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

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.