Fox Run Management L.L.C. Acquires 11,800 Shares of Liberty Property Trust (NYSE:LPT)

Fox Run Management L.L.C. raised its holdings in Liberty Property Trust (NYSE:LPT) by 119.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 21,700 shares of the real estate investment trust’s stock after purchasing an additional 11,800 shares during the quarter. Fox Run Management L.L.C.’s holdings in Liberty Property Trust were worth $891,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Advisor Group Inc. boosted its stake in shares of Liberty Property Trust by 3.9% during the 2nd quarter. Advisor Group Inc. now owns 2,585 shares of the real estate investment trust’s stock worth $105,000 after acquiring an additional 98 shares in the last quarter. Commonwealth Bank of Australia boosted its stake in shares of Liberty Property Trust by 4.8% during the 2nd quarter. Commonwealth Bank of Australia now owns 3,119 shares of the real estate investment trust’s stock worth $126,000 after acquiring an additional 143 shares in the last quarter. World Asset Management Inc boosted its stake in shares of Liberty Property Trust by 1.7% during the 2nd quarter. World Asset Management Inc now owns 11,453 shares of the real estate investment trust’s stock worth $466,000 after acquiring an additional 196 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Liberty Property Trust by 0.7% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 31,893 shares of the real estate investment trust’s stock worth $1,298,000 after acquiring an additional 213 shares in the last quarter. Finally, CIBC Asset Management Inc boosted its stake in shares of Liberty Property Trust by 3.2% during the 2nd quarter. CIBC Asset Management Inc now owns 10,886 shares of the real estate investment trust’s stock worth $443,000 after acquiring an additional 342 shares in the last quarter. 91.76% of the stock is currently owned by institutional investors.

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Liberty Property Trust (NYSE LPT) traded down $0.15 during trading hours on Friday, hitting $44.59. 576,700 shares of the company were exchanged, compared to its average volume of 748,438. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.78 and a quick ratio of 2.15. The stock has a market cap of $6,595.48, a PE ratio of 19.28, a P/E/G ratio of 2.92 and a beta of 0.87. Liberty Property Trust has a 1 year low of $36.22 and a 1 year high of $44.89.

Liberty Property Trust (NYSE:LPT) last issued its quarterly earnings results on Tuesday, October 24th. The real estate investment trust reported $0.40 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.63 by ($0.23). Liberty Property Trust had a net margin of 47.78% and a return on equity of 11.41%. The business had revenue of $193.65 million during the quarter, compared to analysts’ expectations of $174.65 million. During the same period in the prior year, the business earned $0.66 EPS. The business’s quarterly revenue was up 1.5% on a year-over-year basis. equities analysts predict that Liberty Property Trust will post 2.56 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Sunday, October 15th. Stockholders of record on Monday, October 2nd were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, September 29th. This represents a $1.60 annualized dividend and a dividend yield of 3.59%. Liberty Property Trust’s dividend payout ratio (DPR) is currently 67.51%.

Liberty Property Trust announced that its board has initiated a stock buyback program on Monday, October 2nd that permits the company to buyback $250.00 million in shares. This buyback authorization permits the real estate investment trust to repurchase shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company’s management believes its shares are undervalued.

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

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).

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

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