Amundi Pioneer Asset Management Inc. bought a new position in shares of Liberty Property Trust (NYSE:LPT) in the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 140,596 shares of the real estate investment trust’s stock, valued at approximately $6,046,000.
Other institutional investors have also recently made changes to their positions in the company. Fieldpoint Private Securities LLC acquired a new stake in shares of Liberty Property Trust during the 3rd quarter worth about $100,000. FDx Advisors Inc. acquired a new stake in shares of Liberty Property Trust during the 4th quarter worth about $204,000. OppenheimerFunds Inc. acquired a new stake in shares of Liberty Property Trust during the 4th quarter worth about $227,000. AXA acquired a new stake in shares of Liberty Property Trust during the 4th quarter worth about $246,000. Finally, Toronto Dominion Bank increased its position in shares of Liberty Property Trust by 244.3% during the 3rd quarter. Toronto Dominion Bank now owns 6,218 shares of the real estate investment trust’s stock worth $255,000 after purchasing an additional 4,412 shares in the last quarter. Institutional investors and hedge funds own 93.09% of the company’s stock.
Shares of LPT stock opened at $39.80 on Wednesday. Liberty Property Trust has a fifty-two week low of $37.53 and a fifty-two week high of $45.40. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 0.92. The company has a market cap of $5,927.92, a PE ratio of 20.84, a price-to-earnings-growth ratio of 2.59 and a beta of 0.78.
Liberty Property Trust (NYSE:LPT) last issued its quarterly earnings data on Tuesday, February 6th. The real estate investment trust reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.03. Liberty Property Trust had a net margin of 37.90% and a return on equity of 8.59%. 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 firm earned $0.41 EPS. equities analysts forecast that Liberty Property Trust will post 2.59 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Sunday, April 15th. Shareholders of record on Monday, April 2nd will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 4.02%. The ex-dividend date is Thursday, March 29th. Liberty Property Trust’s dividend payout ratio is currently 83.77%.
LPT has been the subject of a number of recent analyst reports. SunTrust Banks set a $43.00 target price on shares of Liberty Property Trust and gave the stock a “buy” rating in a research report on Friday, March 2nd. Stifel Nicolaus reiterated a “buy” rating and set a $44.00 target price on shares of Liberty Property Trust in a research report on Wednesday, February 7th. Zacks Investment Research cut shares of Liberty Property Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, January 3rd. JPMorgan Chase & Co. cut 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 research report on Friday, December 15th. Finally, Morgan Stanley increased 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 research report on Friday, December 15th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target 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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