Is Liberty Property Trust (LPT) A Good Stock To Buy?

We already know that not all hedge funds are bullish on the stock and some hedge funds actually cashed in their positions entirely. It’s worth mentioning that Michael Swotes’ Castle Ridge Investment Management cashed in the biggest stake of all the investors monitored by Insider Monkey, valued at an estimated $3.6 million in stock. David E. Shaw’s fund, D E Shaw, also said goodbye to its stock, about $1.1 million worth.

Let’s also examine hedge fund activity in other stocks – not necessarily in the same industry as Liberty Property Trust (NYSE:LPT) but similarly valued. These stocks are Frontier Communications Corp (NASDAQ:FTR), TreeHouse Foods Inc. (NYSE:THS), Black Knight Financial Services Inc (NYSE:BKFS), and Grupo Aeroportuario del Pacifico (ADR) (NYSE:PAC). This group of stocks’ market values match LPT’s market value.

As you can see these stocks had an average of 15 hedge funds with bullish positions and the average amount invested in these stocks was $129 million. That figure was $77 million in LPT’s case. Frontier Communications Corp (NASDAQ:FTR) is the most popular stock in this table. On the other hand Grupo Aeroportuario del Pacifico (ADR) (NYSE:PAC) is the least popular one with only 5 bullish hedge fund positions. Liberty Property Trust (NYSE:LPT) is not the least popular stock in this group but hedge fund interest is still below average. This is a slightly negative signal and we’d rather spend our time researching stocks that hedge funds are piling on. In this regard FTR might be a better candidate to consider taking a long position in.

Disclosure: None