Clearbridge Investments LLC cut its holdings in Liberty Property Trust (NYSE:LPT) by 0.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 847,271 shares of the real estate investment trust’s stock after selling 1,351 shares during the quarter. Clearbridge Investments LLC owned approximately 0.57% of Liberty Property Trust worth $36,441,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in LPT. Crossmark Global Holdings Inc. purchased a new stake in Liberty Property Trust in the third quarter worth about $663,000. State of Wisconsin Investment Board lifted its stake in Liberty Property Trust by 5.3% in the third quarter. State of Wisconsin Investment Board now owns 133,775 shares of the real estate investment trust’s stock worth $5,493,000 after acquiring an additional 6,767 shares during the period. Swiss National Bank lifted its stake in Liberty Property Trust by 1.0% in the third quarter. Swiss National Bank now owns 541,048 shares of the real estate investment trust’s stock worth $22,215,000 after acquiring an additional 5,500 shares during the period. BNP Paribas Arbitrage SA lifted its stake in Liberty Property Trust by 38.6% in the third quarter. BNP Paribas Arbitrage SA now owns 199,313 shares of the real estate investment trust’s stock worth $8,184,000 after acquiring an additional 55,534 shares during the period. Finally, Sei Investments Co. lifted its stake in Liberty Property Trust by 9.2% in the third quarter. Sei Investments Co. now owns 38,924 shares of the real estate investment trust’s stock worth $1,598,000 after acquiring an additional 3,280 shares during the period. 93.27% of the stock is owned by institutional investors.
Liberty Property Trust (LPT) opened at $40.06 on Thursday. The company has a market cap of $6,006.08, a PE ratio of 20.97, a price-to-earnings-growth ratio of 2.62 and a beta of 0.78. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 0.92. Liberty Property Trust has a fifty-two week low of $37.53 and a fifty-two week high of $45.40.
Liberty Property Trust (NYSE:LPT) last announced its earnings results on Tuesday, February 6th. The real estate investment trust reported $0.68 EPS for the quarter, topping the Zacks’ consensus estimate of $0.65 by $0.03. The business had revenue of $192.80 million during the quarter, compared to the consensus estimate of $173.02 million. Liberty Property Trust had a net margin of 37.90% and a return on equity of 8.59%. During the same period in the previous year, the company posted $0.41 earnings per share. equities analysts predict that Liberty Property Trust will post 2.59 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Sunday, April 15th. Shareholders of record on Monday, April 2nd will be issued a $0.40 dividend. The ex-dividend date is Thursday, March 29th. This represents a $1.60 dividend on an annualized basis and a yield of 3.99%. Liberty Property Trust’s dividend payout ratio is presently 83.77%.
LPT has been the subject of a number of research reports. SunTrust Banks set a $43.00 price objective on shares of Liberty Property Trust and gave the stock a “buy” rating in a research note on Friday, March 2nd. Stifel Nicolaus reiterated a “buy” rating and issued a $44.00 target price on shares of Liberty Property Trust in a report on Wednesday, February 7th. Morgan Stanley boosted their target price on shares of Liberty Property Trust from $43.00 to $44.00 and gave the stock an “equal weight” rating in a report on Friday, December 15th. Zacks Investment Research downgraded shares of Liberty Property Trust from a “hold” rating to a “sell” rating in a report on Wednesday, January 3rd. Finally, JPMorgan Chase & Co. downgraded shares of Liberty Property Trust from a “neutral” rating to an “underweight” rating and set a $41.00 target price for the company. in a report on Friday, December 15th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company’s stock. Liberty Property Trust has an average rating of “Hold” and a consensus target price of $43.57.
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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).
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