Liberty Property Trust (LPT) Shareholder Weiss Multi-Strategy Advisers LLC Has Increased Holding

December 7, 2017 - By Louis Casey

Weiss Multi-Strategy Advisers Llc increased its stake in Liberty Property Trust (LPT) by 774.76% based on its latest 2017Q2 regulatory filing with the SEC. Weiss Multi-Strategy Advisers Llc bought 774,972 shares as the company’s stock rose 5.20% with the market. The hedge fund held 875,000 shares of the real estate investment trusts company at the end of 2017Q2, valued at $35.62 million, up from 100,028 at the end of the previous reported quarter. Weiss Multi-Strategy Advisers Llc who had been investing in Liberty Property Trust for a number of months, seems to be bullish on the $6.67B market cap company. The stock decreased 0.02% or $0.01 during the last trading session, reaching $44.16. About 597,817 shares traded. Liberty Property Trust (NYSE:LPT) has risen 14.91% since December 7, 2016 and is uptrending. It has underperformed by 1.79% the S&P500.

Weiss Multi-Strategy Advisers Llc, which manages about $7.01 billion and $2.37B US Long portfolio, decreased its stake in Mondelez International Inc (Call) (NASDAQ:MDLZ) by 373,800 shares to 96,200 shares, valued at $4.16 million in 2017Q2, according to the filing. It also reduced its holding in Fortune Brands Home & Securi (NYSE:FBHS) by 91,232 shares in the quarter, leaving it with 52,972 shares, and cut its stake in Lockheed Martin Corp (Put) (NYSE:LMT).

Another recent and important Liberty Property Trust (NYSE:LPT) news was published by which published an article titled: “Here’s Why You Should Hold Liberty Property (LPT) Stock Now” on November 23, 2017.

Liberty Property Trust (NYSE:LPT) Ratings Coverage

Among 9 analysts covering Liberty Property Trust (NYSE:LPT), 2 have Buy rating, 0 Sell and 7 Hold. Therefore 22% are positive. Liberty Property Trust has $46 highest and $33 lowest target. $40’s average target is -9.42% below currents $44.16 stock price. Liberty Property Trust had 18 analyst reports since October 28, 2015 according to SRatingsIntel. The firm has “Hold” rating by KeyBanc Capital Markets given on Friday, September 22. The firm has “Outperform” rating given on Tuesday, December 13 by Wells Fargo. The stock has “Hold” rating by BMO Capital Markets on Thursday, March 23. On Tuesday, September 6 the stock rating was initiated by Morgan Stanley with “Equal-Weight”. The rating was upgraded by Stifel Nicolaus on Wednesday, October 26 to “Buy”. BTIG Research initiated the stock with “Neutral” rating in Thursday, August 25 report. Stifel Nicolaus maintained the shares of LPT in report on Wednesday, July 5 with “Buy” rating. The firm has “Hold” rating by KeyBanc Capital Markets given on Monday, October 23. The stock of Liberty Property Trust (NYSE:LPT) has “Equal-Weight” rating given on Monday, November 13 by Morgan Stanley. The stock of Liberty Property Trust (NYSE:LPT) earned “Hold” rating by Sandler O’Neill on Wednesday, October 25.

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