American International Group Inc. boosted its holdings in Liberty Property Trust (NYSE:LPT) by 1.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 305,012 shares of the real estate investment trust’s stock after acquiring an additional 3,633 shares during the period. American International Group Inc. owned 0.21% of Liberty Property Trust worth $13,119,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also bought and sold shares of the company. Fieldpoint Private Securities LLC bought a new stake in Liberty Property Trust in the 3rd quarter valued at $100,000. Advisor Group Inc. raised its stake in Liberty Property Trust by 3.9% in the 2nd quarter. Advisor Group Inc. now owns 2,585 shares of the real estate investment trust’s stock valued at $105,000 after acquiring an additional 98 shares during the period. Spectrum Management Group Inc. bought a new stake in Liberty Property Trust in the 3rd quarter valued at $168,000. Emerald Advisers Inc. PA bought a new stake in Liberty Property Trust in the 3rd quarter valued at $208,000. Finally, Virtu KCG Holdings LLC bought a new stake in Liberty Property Trust in the 2nd quarter valued at $212,000. Institutional investors and hedge funds own 91.67% of the company’s stock.
Liberty Property Trust (NYSE LPT) opened at $40.23 on Friday. The company has a current ratio of 1.50, a quick ratio of 1.78 and a debt-to-equity ratio of 0.92. The firm has a market capitalization of $5,803.85, a price-to-earnings ratio of 21.06, a price-to-earnings-growth ratio of 2.53 and a beta of 0.76. Liberty Property Trust has a 12-month low of $37.21 and a 12-month high of $45.40.
Liberty Property Trust (NYSE:LPT) last posted its quarterly earnings data on Tuesday, February 6th. The real estate investment trust reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.03. The firm had revenue of $192.80 million for the quarter, compared to analysts’ expectations of $173.02 million. Liberty Property Trust had a return on equity of 8.59% and a net margin of 37.90%. During the same quarter last year, the business earned $0.41 EPS. sell-side analysts forecast that Liberty Property Trust will post 2.59 earnings per share for the current fiscal year.
A number of equities research analysts recently weighed in on LPT shares. Zacks Investment Research cut Liberty Property Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, January 3rd. Morgan Stanley increased their price target on Liberty Property Trust from $43.00 to $44.00 and gave the company an “equal weight” rating in a research note on Friday, December 15th. Stifel Nicolaus restated a “buy” rating and issued a $44.00 price target on shares of Liberty Property Trust in a research note on Wednesday, February 7th. JPMorgan Chase & Co. cut Liberty Property Trust from a “neutral” rating to an “underweight” rating and set a $41.00 price target on the stock. in a research note on Friday, December 15th. Finally, SunTrust Banks upgraded Liberty Property Trust from a “hold” rating to a “buy” rating in a research note on Monday, January 22nd. Two 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. The company has an average rating of “Hold” and a consensus target price of $43.67.
In other Liberty Property Trust news, Director David L. Lingerfelt sold 18,000 shares of the stock in a transaction 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 approximately $2,531,631.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.50% of the stock is 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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