Brinker Capital Inc. grew its holdings in Liberty Property Trust (NYSE:LPT) by 5.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 9,512 shares of the real estate investment trust’s stock after acquiring an additional 463 shares during the quarter. Brinker Capital Inc.’s holdings in Liberty Property Trust were worth $489,000 at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in LPT. FMR LLC lifted its holdings in shares of Liberty Property Trust by 12.3% during the first quarter. FMR LLC now owns 1,008,455 shares of the real estate investment trust’s stock worth $48,829,000 after purchasing an additional 110,606 shares during the period. Eii Capital Management Inc. lifted its holdings in shares of Liberty Property Trust by 9.5% during the second quarter. Eii Capital Management Inc. now owns 22,065 shares of the real estate investment trust’s stock worth $1,104,000 after purchasing an additional 1,919 shares during the period. Retirement Systems of Alabama lifted its holdings in shares of Liberty Property Trust by 8.5% during the second quarter. Retirement Systems of Alabama now owns 407,065 shares of the real estate investment trust’s stock worth $20,370,000 after purchasing an additional 31,767 shares during the period. Exane Derivatives acquired a new stake in shares of Liberty Property Trust during the second quarter worth about $207,000. Finally, Nisa Investment Advisors LLC lifted its holdings in shares of Liberty Property Trust by 3.3% during the second quarter. Nisa Investment Advisors LLC now owns 77,916 shares of the real estate investment trust’s stock worth $3,899,000 after purchasing an additional 2,453 shares during the period. 92.88% of the stock is owned by hedge funds and other institutional investors.
In other Liberty Property Trust news, SVP Mary Beth Morrissey sold 4,321 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $52.34, for a total value of $226,161.14. Following the completion of the transaction, the senior vice president now directly owns 53,300 shares of the company’s stock, valued at $2,789,722. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.40% of the company’s stock.
A number of research firms recently commented on LPT. ValuEngine downgraded Liberty Property Trust from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Morgan Stanley lifted their target price on Liberty Property Trust from $49.00 to $54.00 and gave the stock an “equal weight” rating in a report on Monday, October 7th. JPMorgan Chase & Co. lifted their target price on Liberty Property Trust from $49.00 to $53.00 and gave the stock a “neutral” rating in a report on Thursday, September 12th. Finally, Wells Fargo & Co lifted their target price on Liberty Property Trust from $55.00 to $57.00 and gave the stock an “outperform” rating in a report on Wednesday, August 21st. Seven equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $51.67.
Shares of NYSE:LPT opened at $57.50 on Tuesday. Liberty Property Trust has a 12-month low of $40.15 and a 12-month high of $59.34. The company has a market capitalization of $7.54 billion, a PE ratio of 26.14, a PEG ratio of 3.34 and a beta of 0.75. The business has a 50 day moving average of $51.09 and a two-hundred day moving average of $50.41. The company has a current ratio of 2.27, a quick ratio of 2.27 and a debt-to-equity ratio of 0.91.
The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 1st were issued a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 2.85%. The ex-dividend date was Monday, September 30th. Liberty Property Trust’s payout ratio is presently 74.55%.
About Liberty Property Trust
Liberty Property Trust is a leader in commercial real estate, serving customers in the United States and United Kingdom, through the development, acquisition, ownership and management of superior logistics, warehouse, manufacturing, and R&D facilities in key markets. Liberty's 108 million square foot operating portfolio provides productive work environments to 1,200 tenants.
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