Seeyond Trims Stock Position in Liberty Property Trust (NYSE:LPT)

Seeyond cut its holdings in Liberty Property Trust (NYSE:LPT) by 14.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 36,712 shares of the real estate investment trust’s stock after selling 5,972 shares during the quarter. Seeyond’s holdings in Liberty Property Trust were worth $1,837,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in LPT. JPMorgan Chase & Co. lifted its stake in Liberty Property Trust by 109.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 5,143,315 shares of the real estate investment trust’s stock valued at $256,701,000 after buying an additional 2,683,796 shares in the last quarter. Centersquare Investment Management LLC raised its holdings in shares of Liberty Property Trust by 35.9% in the second quarter. Centersquare Investment Management LLC now owns 2,062,700 shares of the real estate investment trust’s stock worth $103,218,000 after acquiring an additional 544,384 shares during the last quarter. Commonwealth Bank of Australia raised its holdings in shares of Liberty Property Trust by 62.4% in the second quarter. Commonwealth Bank of Australia now owns 778,715 shares of the real estate investment trust’s stock worth $38,964,000 after acquiring an additional 299,139 shares during the last quarter. Carlson Capital L P lifted its position in shares of Liberty Property Trust by 49.2% in the second quarter. Carlson Capital L P now owns 626,468 shares of the real estate investment trust’s stock valued at $31,348,000 after acquiring an additional 206,597 shares in the last quarter. Finally, California Public Employees Retirement System boosted its stake in shares of Liberty Property Trust by 20.9% during the first quarter. California Public Employees Retirement System now owns 901,780 shares of the real estate investment trust’s stock valued at $43,664,000 after acquiring an additional 155,837 shares during the last quarter. Institutional investors and hedge funds own 92.92% of the company’s stock.

NYSE LPT traded down $0.73 during mid-day trading on Wednesday, reaching $50.35. 45,637 shares of the stock were exchanged, compared to its average volume of 1,179,338. Liberty Property Trust has a 1-year low of $39.82 and a 1-year high of $53.39. The business’s fifty day simple moving average is $51.82 and its 200 day simple moving average is $49.77. The stock has a market capitalization of $7.62 billion, a PE ratio of 22.90, a PEG ratio of 3.31 and a beta of 0.76. The company has a debt-to-equity ratio of 0.91, a quick ratio of 2.27 and a current ratio of 2.27.

In other Liberty Property Trust news, SVP Mary Beth Morrissey sold 4,321 shares of Liberty Property Trust stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $52.34, for a total value of $226,161.14. Following the completion of the sale, the senior vice president now directly owns 53,300 shares of the company’s stock, valued at approximately $2,789,722. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.40% of the stock is currently owned by insiders.

A number of research firms recently commented on LPT. Goldman Sachs Group assumed coverage on Liberty Property Trust in a research report on Wednesday, May 15th. They set a “neutral” rating and a $49.00 price objective for the company. Wells Fargo & Co upped their target price on shares of Liberty Property Trust from $55.00 to $57.00 and gave the company an “outperform” rating in a report on Wednesday, August 21st. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $50.75.

Liberty Property Trust Profile

Liberty Property Trust is a leader in commercial real estate, serving customers in the United States and United Kingdom, through the development, acquisition, ownership and management of superior logistics, warehouse, manufacturing, and R&D facilities in key markets. Liberty's 108 million square foot operating portfolio provides productive work environments to 1,200 tenants.

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Institutional Ownership by Quarter for Liberty Property Trust (NYSE:LPT)

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