Gateway Investment Advisers LLC cut its stake in shares of Liberty Property Trust (NYSE:LPT) by 9.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 335,038 shares of the real estate investment trust’s stock after selling 34,040 shares during the period. Gateway Investment Advisers LLC owned 0.23% of Liberty Property Trust worth $14,410,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Advisor Group Inc. boosted its position in Liberty Property Trust by 3.9% during the second quarter. Advisor Group Inc. now owns 2,585 shares of the real estate investment trust’s stock valued at $105,000 after purchasing an additional 98 shares during the last quarter. Ameritas Investment Partners Inc. raised its stake in Liberty Property Trust by 0.8% in the second quarter. Ameritas Investment Partners Inc. now owns 86,453 shares of the real estate investment trust’s stock valued at $3,519,000 after buying an additional 722 shares during the period. M&T Bank Corp raised its stake in Liberty Property Trust by 6.8% in the second quarter. M&T Bank Corp now owns 11,993 shares of the real estate investment trust’s stock valued at $488,000 after buying an additional 765 shares during the period. Stifel Financial Corp raised its stake in Liberty Property Trust by 2.1% in the second quarter. Stifel Financial Corp now owns 43,934 shares of the real estate investment trust’s stock valued at $1,787,000 after buying an additional 893 shares during the period. Finally, Eqis Capital Management Inc. raised its stake in Liberty Property Trust by 25.9% in the third quarter. Eqis Capital Management Inc. now owns 10,297 shares of the real estate investment trust’s stock valued at $423,000 after buying an additional 2,117 shares during the period. 91.36% of the stock is owned by hedge funds and other institutional investors.
LPT has been the topic of several research analyst reports. Stifel Nicolaus upped their price objective on Liberty Property Trust from $44.00 to $46.00 and gave the company a “buy” rating in a research note on Wednesday, October 25th. ValuEngine upgraded Liberty Property Trust from a “hold” rating to a “buy” rating in a research note on Friday, November 10th. Morgan Stanley restated an “equal weight” rating and issued a $43.00 price objective on shares of Liberty Property Trust in a research note on Thursday, December 14th. Sandler O’Neill upgraded Liberty Property Trust from a “sell” rating to a “hold” rating and set a $45.00 price objective on the stock in a research note on Wednesday, October 25th. Finally, KeyCorp restated a “hold” rating on shares of Liberty Property Trust in a research note on Tuesday, October 24th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. Liberty Property Trust presently has a consensus rating of “Hold” and a consensus target price of $43.43.
Shares of Liberty Property Trust (NYSE LPT) opened at $40.47 on Friday. The stock has a market capitalization of $6,067.73, a P/E ratio of 17.08, a price-to-earnings-growth ratio of 2.62 and a beta of 0.89. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.78 and a quick ratio of 1.78. Liberty Property Trust has a 52 week low of $37.21 and a 52 week high of $45.40.
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 for the quarter, missing the Zacks’ consensus estimate of $0.63 by ($0.23). The firm had revenue of $193.65 million for the quarter, compared to the consensus estimate of $174.65 million. Liberty Property Trust had a return on equity of 11.41% and a net margin of 47.78%. Liberty Property Trust’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same quarter last year, the business posted $0.66 EPS. equities research analysts forecast that Liberty Property Trust will post 2.55 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Monday, January 15th. Stockholders of record on Tuesday, January 2nd were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, December 29th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.95%. Liberty Property Trust’s dividend payout ratio (DPR) is currently 67.51%.
Liberty Property Trust declared that its Board of Directors has authorized a share buyback program on Monday, October 2nd that permits the company to buyback $250.00 million in outstanding shares. This buyback authorization permits the real estate investment trust to buy shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its shares are undervalued.
In other news, Director David L. Lingerfelt sold 18,000 shares of the stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $44.56, for a total transaction of $802,080.00. Following the transaction, the director now owns 56,814 shares in the company, valued at $2,531,631.84. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.50% of the stock is currently owned by company insiders.
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Liberty Property Trust Company 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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