Should You Avoid Liberty Property Trust (LRY)?

Liberty Property Trust (NYSE:LRY) was in 10 hedge funds’ portfolio at the end of March. LRY investors should pay attention to a decrease in hedge fund interest recently. There were 14 hedge funds in our database with LRY positions at the end of the previous quarter.

Liberty Property Trust (NYSE:LRY)

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Now, we’re going to take a peek at the key action encompassing Liberty Property Trust (NYSE:LRY).

Hedge fund activity in Liberty Property Trust (NYSE:LRY)

Heading into Q2, a total of 10 of the hedge funds we track were long in this stock, a change of -29% from the previous quarter. With the smart money’s positions undergoing their usual ebb and flow, there exists a select group of noteworthy hedge fund managers who were boosting their stakes considerably.

Of the funds we track, AEW Capital Management, managed by Jeffrey Furber, holds the biggest position in Liberty Property Trust (NYSE:LRY). AEW Capital Management has a $90.8 million position in the stock, comprising 2.3% of its 13F portfolio. Coming in second is Jim Simons of Renaissance Technologies, with a $38.4 million position; the fund has 0.1% of its 13F portfolio invested in the stock. Remaining peers with similar optimism include Ken Griffin’s Citadel Investment Group, Ken Fisher’s Fisher Asset Management and J. Alan Reid, Jr.’s Forward Management.

Seeing as Liberty Property Trust (NYSE:LRY) has faced declining sentiment from the aggregate hedge fund industry, it’s safe to say that there lies a certain “tier” of hedge funds that elected to cut their entire stakes heading into Q2. Intriguingly, D. E. Shaw’s D E Shaw sold off the biggest investment of the 450+ funds we key on, worth an estimated $4.3 million in stock.. Matthew Tewksbury’s fund, Stevens Capital Management, also dropped its stock, about $3.3 million worth. These transactions are intriguing to say the least, as total hedge fund interest fell by 4 funds heading into Q2.

How have insiders been trading Liberty Property Trust (NYSE:LRY)?

Insider trading activity, especially when it’s bullish, is best served when the primary stock in question has experienced transactions within the past six months. Over the latest six-month time frame, Liberty Property Trust (NYSE:LRY) has seen zero unique insiders purchasing, and 7 insider sales (see the details of insider trades here).

Let’s also review hedge fund and insider activity in other stocks similar to Liberty Property Trust (NYSE:LRY). These stocks are CommonWealth REIT (NYSE:CWH), Highwoods Properties Inc (NYSE:HIW), Piedmont Office Realty Trust, Inc. (NYSE:PDM), Kilroy Realty Corp (NYSE:KRC), and Alexandria Real Estate Equities Inc (NYSE:ARE). All of these stocks are in the reit – office industry and their market caps are closest to LRY’s market cap.