Security Capital Research & Management Inc. lifted its stake in shares of Liberty Property Trust (NYSE:LPT) by 1.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,440,671 shares of the real estate investment trust’s stock after acquiring an additional 24,945 shares during the quarter. Liberty Property Trust accounts for about 1.9% of Security Capital Research & Management Inc.’s portfolio, making the stock its 15th largest position. Security Capital Research & Management Inc. owned 0.98% of Liberty Property Trust worth $61,963,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors also recently bought and sold shares of LPT. Cohen & Steers Inc. purchased a new stake in shares of Liberty Property Trust during the third quarter worth $43,659,000. Systematic Financial Management LP increased its position in shares of Liberty Property Trust by 164.4% during the third quarter. Systematic Financial Management LP now owns 1,363,223 shares of the real estate investment trust’s stock worth $55,974,000 after acquiring an additional 847,603 shares during the period. PGGM Investments increased its position in shares of Liberty Property Trust by 16.6% during the fourth quarter. PGGM Investments now owns 3,493,330 shares of the real estate investment trust’s stock worth $150,248,000 after acquiring an additional 496,330 shares during the period. Canada Pension Plan Investment Board increased its holdings in Liberty Property Trust by 891.4% in the third quarter. Canada Pension Plan Investment Board now owns 439,200 shares of the real estate investment trust’s stock valued at $18,034,000 after buying an additional 394,900 shares during the last quarter. Finally, Prudential Financial Inc. increased its holdings in Liberty Property Trust by 50.8% in the third quarter. Prudential Financial Inc. now owns 983,042 shares of the real estate investment trust’s stock valued at $40,364,000 after buying an additional 331,010 shares during the last quarter. 91.49% of the stock is currently owned by institutional investors and hedge funds.
Liberty Property Trust (NYSE:LPT) opened at $40.32 on Friday. The company has a market capitalization of $5,800.90, a price-to-earnings ratio of 15.19, a P/E/G ratio of 2.53 and a beta of 0.76. The company has a quick ratio of 1.78, a current ratio of 1.50 and a debt-to-equity ratio of 0.92. Liberty Property Trust has a twelve month low of $37.21 and a twelve month high of $45.40.
Liberty Property Trust (NYSE:LPT) last posted its earnings results on Tuesday, February 6th. The real estate investment trust reported $0.68 EPS for the quarter, beating the consensus estimate of $0.65 by $0.03. Liberty Property Trust had a return on equity of 8.59% and a net margin of 37.90%. The firm had revenue of $192.80 million for the quarter, compared to analyst estimates of $173.02 million. During the same quarter in the prior year, the company posted $0.41 earnings per share. equities analysts expect that Liberty Property Trust will post 2.59 EPS for the current fiscal year.
In other Liberty Property Trust news, Director David L. Lingerfelt sold 18,000 shares of the company’s stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $44.56, for a total value of $802,080.00. Following the completion of the transaction, the director now owns 56,814 shares in the company, valued at $2,531,631.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.50% of the company’s stock.
Several research firms recently commented on LPT. Stifel Nicolaus reissued a “buy” rating and issued a $44.00 target price on shares of Liberty Property Trust in a report on Wednesday, February 7th. Zacks Investment Research lowered Liberty Property Trust from a “hold” rating to a “sell” rating in a report on Wednesday, January 3rd. JPMorgan Chase & Co. lowered Liberty Property Trust from a “neutral” rating to an “underweight” rating and set a $41.00 target price on the stock. in a report on Friday, December 15th. Morgan Stanley increased their target price on Liberty Property Trust from $43.00 to $44.00 and gave the company an “equal weight” rating in a report on Friday, December 15th. Finally, KeyCorp reissued a “hold” rating on shares of Liberty Property Trust in a report on Tuesday, October 24th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company’s stock. Liberty Property Trust presently has a consensus rating of “Hold” and an average price target of $43.67.
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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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