Unigestion Holding SA lifted its holdings in Liberty Property Trust (NYSE:LPT) by 15.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 17,700 shares of the real estate investment trust’s stock after acquiring an additional 2,400 shares during the period. Unigestion Holding SA’s holdings in Liberty Property Trust were worth $909,000 at the end of the most recent quarter.
Several other large investors have also made changes to their positions in the stock. JJJ Advisors Inc. purchased a new position in shares of Liberty Property Trust during the second quarter worth approximately $31,000. Destination Wealth Management purchased a new position in Liberty Property Trust during the second quarter valued at approximately $31,000. KCS Wealth Advisory purchased a new position in Liberty Property Trust during the third quarter valued at approximately $46,000. Machina Capital S.A.S. purchased a new position in Liberty Property Trust during the second quarter valued at approximately $50,000. Finally, Meeder Asset Management Inc. increased its holdings in Liberty Property Trust by 432.8% during the second quarter. Meeder Asset Management Inc. now owns 1,252 shares of the real estate investment trust’s stock valued at $63,000 after buying an additional 1,017 shares during the period. 92.77% of the stock is owned by hedge funds and other institutional investors.
In other Liberty Property Trust news, CAO Mary Beth Morrissey sold 2,741 shares of the firm’s stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $51.26, for a total value of $140,503.66. Following the completion of the sale, the chief accounting officer now directly owns 50,559 shares in the company, valued at $2,591,654.34. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.40% of the stock is owned by company insiders.
LPT traded down $0.06 during trading on Friday, hitting $58.70. The stock had a trading volume of 838,889 shares, compared to its average volume of 1,034,185. The company has a market capitalization of $8.62 billion, a PE ratio of 26.68, a PEG ratio of 3.81 and a beta of 0.76. Liberty Property Trust has a twelve month low of $40.15 and a twelve month high of $59.97. The company has a debt-to-equity ratio of 0.78, a quick ratio of 2.27 and a current ratio of 7.33. The stock has a 50 day simple moving average of $52.81 and a two-hundred day simple moving average of $50.96.
Liberty Property Trust (NYSE:LPT) last announced its earnings results on Tuesday, October 29th. The real estate investment trust reported $0.66 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.63 by $0.03. The company had revenue of $163.20 million during the quarter, compared to the consensus estimate of $163.43 million. Liberty Property Trust had a net margin of 64.23% and a return on equity of 5.79%. Liberty Property Trust’s revenue was up 1.2% compared to the same quarter last year. During the same period last year, the firm earned $0.69 earnings per share. On average, 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. Shareholders of record on Tuesday, October 1st were paid a $0.41 dividend. The ex-dividend date was Monday, September 30th. This represents a $1.64 annualized dividend and a yield of 2.79%. Liberty Property Trust’s dividend payout ratio (DPR) is 74.55%.
LPT has been the topic of several research reports. JPMorgan Chase & Co. lifted their price objective 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. Morgan Stanley raised their target price on shares of Liberty Property Trust from $49.00 to $54.00 and gave the company an “equal weight” rating in a research note on Monday, October 7th. ValuEngine downgraded shares of Liberty Property Trust from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, Wells Fargo & Co downgraded shares of Liberty Property Trust from an “outperform” rating to a “market perform” rating and raised their target price for the company from $57.00 to $59.00 in a research note on Monday, November 4th. 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 Company 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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