LS Investment Advisors LLC boosted its stake in Liberty Property Trust (NYSE:LPT) by 3.8% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 11,723 shares of the real estate investment trust’s stock after acquiring an additional 425 shares during the period. LS Investment Advisors LLC’s holdings in Liberty Property Trust were worth $602,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently made changes to their positions in the business. 6 Meridian increased its holdings in Liberty Property Trust by 1.9% during the 2nd quarter. 6 Meridian now owns 10,987 shares of the real estate investment trust’s stock worth $550,000 after acquiring an additional 209 shares during the period. Independent Advisor Alliance boosted its stake in shares of Liberty Property Trust by 4.6% in the 2nd quarter. Independent Advisor Alliance now owns 5,012 shares of the real estate investment trust’s stock valued at $251,000 after purchasing an additional 222 shares in the last quarter. Oakbrook Investments LLC boosted its position in Liberty Property Trust by 3.6% during the 3rd quarter. Oakbrook Investments LLC now owns 8,550 shares of the real estate investment trust’s stock valued at $439,000 after buying an additional 300 shares during the period. Natixis Advisors L.P. boosted its position in Liberty Property Trust by 1.3% during the 2nd quarter. Natixis Advisors L.P. now owns 23,478 shares of the real estate investment trust’s stock valued at $1,175,000 after buying an additional 302 shares during the period. Finally, Municipal Employees Retirement System of Michigan boosted its position in Liberty Property Trust by 1.5% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 27,350 shares of the real estate investment trust’s stock valued at $1,369,000 after buying an additional 400 shares during the period. 92.77% of the stock is currently owned by institutional investors and hedge funds.
In other Liberty Property Trust news, CAO Mary Beth Morrissey sold 2,741 shares of the company’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $51.26, for a total value of $140,503.66. Following the sale, the chief accounting officer now owns 50,559 shares in the company, valued at approximately $2,591,654.34. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 1.40% of the company’s stock.
NYSE LPT opened at $58.94 on Thursday. The firm has a market capitalization of $8.77 billion, a price-to-earnings ratio of 26.79, a PEG ratio of 3.87 and a beta of 0.76. Liberty Property Trust has a 52 week low of $40.15 and a 52 week high of $59.97. The company has a quick ratio of 2.27, a current ratio of 7.33 and a debt-to-equity ratio of 0.78. The company has a fifty day moving average of $52.50 and a two-hundred day moving average of $50.85.
Liberty Property Trust (NYSE:LPT) last released its quarterly earnings data on Tuesday, October 29th. The real estate investment trust reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.03. Liberty Property Trust had a return on equity of 5.79% and a net margin of 64.23%. The firm had revenue of $163.20 million during the quarter, compared to the consensus estimate of $163.43 million. During the same period in the previous year, the company posted $0.69 earnings per share. The firm’s quarterly revenue was up 1.2% on a year-over-year basis. Equities research analysts anticipate that Liberty Property Trust will post 2.54 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Tuesday, October 1st were given a $0.41 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $1.64 dividend on an annualized basis and a yield of 2.78%. Liberty Property Trust’s dividend payout ratio is currently 74.55%.
Several brokerages have commented on LPT. Wells Fargo & Co lowered shares of Liberty Property Trust from an “outperform” rating to a “market perform” rating and upped their price objective for the stock from $57.00 to $59.00 in a report on Monday. ValuEngine downgraded shares of Liberty Property Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. JPMorgan Chase & Co. raised their price target on shares of Liberty Property Trust from $49.00 to $53.00 and gave the company a “neutral” rating in a report on Thursday, September 12th. Finally, Morgan Stanley raised their price target on shares of Liberty Property Trust from $49.00 to $54.00 and gave the company an “equal weight” rating in a report on Monday, October 7th. Eight analysts have rated the stock with a hold rating, The company currently has an average rating of “Hold” and an average price target of $52.00.
Liberty Property Trust Profile
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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