Liberty Property Trust (LPT) Position Boosted by Sei Investments Co.

Sei Investments Co. increased its position in shares of Liberty Property Trust (NYSE:LPT) by 9.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 38,924 shares of the real estate investment trust’s stock after buying an additional 3,280 shares during the period. Sei Investments Co.’s holdings in Liberty Property Trust were worth $1,598,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. BNP Paribas Arbitrage SA boosted its position in Liberty Property Trust by 38.6% during the third quarter. BNP Paribas Arbitrage SA now owns 199,313 shares of the real estate investment trust’s stock worth $8,184,000 after purchasing an additional 55,534 shares during the period. Breton Hill Capital Ltd. boosted its position in Liberty Property Trust by 8.1% during the third quarter. Breton Hill Capital Ltd. now owns 253,279 shares of the real estate investment trust’s stock worth $10,400,000 after purchasing an additional 19,035 shares during the period. Swiss National Bank boosted its position in Liberty Property Trust by 1.0% during the third quarter. Swiss National Bank now owns 541,048 shares of the real estate investment trust’s stock worth $22,215,000 after purchasing an additional 5,500 shares during the period. Prudential Financial Inc. boosted its position in Liberty Property Trust by 50.8% during the third quarter. Prudential Financial Inc. now owns 983,042 shares of the real estate investment trust’s stock worth $40,364,000 after purchasing an additional 331,010 shares during the period. Finally, Cape Cod Five Cents Savings Bank boosted its position in Liberty Property Trust by 22.7% during the third quarter. Cape Cod Five Cents Savings Bank now owns 46,403 shares of the real estate investment trust’s stock worth $1,905,000 after purchasing an additional 8,591 shares during the period. Institutional investors and hedge funds own 91.46% of the company’s stock.

LPT has been the subject of a number of research analyst reports. Zacks Investment Research raised shares of Liberty Property Trust from a “hold” rating to a “buy” rating and set a $47.00 price objective for the company in a research report on Wednesday, August 16th. KeyCorp reaffirmed a “hold” rating on shares of Liberty Property Trust in a research report on Friday, August 25th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $44.00 price objective on shares of Liberty Property Trust in a research report on Thursday, September 21st. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Liberty Property Trust currently has an average rating of “Hold” and an average price target of $44.17.

In other news, Director David L. Lingerfelt sold 18,000 shares of the business’s stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $44.56, for a total value of $802,080.00. Following the completion of the sale, the director now owns 56,814 shares of the company’s stock, valued at $2,531,631.84. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 1.50% of the company’s stock.

Shares of Liberty Property Trust (LPT) traded down $0.58 during trading on Wednesday, hitting $44.17. 798,200 shares of the stock were exchanged, compared to its average volume of 738,161. The company has a market capitalization of $6,596.96, a PE ratio of 19.29, a PEG ratio of 2.93 and a beta of 0.88. Liberty Property Trust has a 52 week low of $37.21 and a 52 week high of $45.40. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.78 and a current ratio of 1.78.

Liberty Property Trust (NYSE:LPT) last announced its earnings results on Tuesday, October 24th. The real estate investment trust reported $0.40 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.63 by ($0.23). The business had revenue of $193.65 million during the quarter, compared to the consensus estimate of $174.65 million. Liberty Property Trust had a net margin of 47.78% and a return on equity of 11.41%. The company’s revenue was up 1.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.66 EPS. equities analysts anticipate that Liberty Property Trust will post 2.55 EPS for the current year.

Liberty Property Trust announced that its Board of Directors has initiated a share buyback plan on Monday, October 2nd that allows the company to repurchase $250.00 million in shares. This repurchase authorization allows the real estate investment trust to reacquire shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its stock is undervalued.

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Liberty Property Trust Profile

Liberty Property Trust (the Trust) is a self-administered and self-managed Maryland real estate investment trust (REIT). The Trust’s assets are owned directly or indirectly, and substantially all of the Trust’s operations are conducted directly or indirectly, by its subsidiary, Liberty Property Limited Partnership (the Operating Partnership).

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Institutional Ownership by Quarter for Liberty Property Trust (NYSE:LPT)

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