The Liberty Property Trust (LPT) Shares Sold by Profund Advisors LLC

The Liberty Property Trust (LPT) Shares Sold by Profund Advisors LLC

Profund Advisors LLC decreased its stake in shares of Liberty Property Trust (NYSE:LPT) by 25.9% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 26,387 shares of the real estate investment trust’s stock after selling 9,212 shares during the period. Profund Advisors LLC’s holdings in Liberty Property Trust were worth $1,065,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Northwestern Mutual Investment Management Company LLC boosted its position in Liberty Property Trust by 0.3% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 25,313 shares of the real estate investment trust’s stock valued at $1,005,000 after buying an additional 87 shares in the last quarter. BB&T Corp boosted its stake in shares of Liberty Property Trust by 1.0% in the third quarter. BB&T Corp now owns 16,210 shares of the real estate investment trust’s stock worth $654,000 after buying an additional 163 shares in the last quarter. Genesee Valley Trust Co. boosted its stake in shares of Liberty Property Trust by 2.9% in the second quarter. Genesee Valley Trust Co. now owns 7,222 shares of the real estate investment trust’s stock worth $287,000 after buying an additional 205 shares in the last quarter. State Treasurer State of Michigan boosted its stake in shares of Liberty Property Trust by 0.5% in the third quarter. State Treasurer State of Michigan now owns 59,100 shares of the real estate investment trust’s stock worth $2,385,000 after buying an additional 300 shares in the last quarter. Finally, Fiduciary Financial Services of The Southwest Inc. TX boosted its stake in shares of Liberty Property Trust by 2.3% in the second quarter. Fiduciary Financial Services of The Southwest Inc. TX now owns 16,431 shares of the real estate investment trust’s stock worth $653,000 after buying an additional 370 shares in the last quarter. Institutional investors and hedge funds own 96.99% of the company’s stock.

Shares of Liberty Property Trust (NYSE:LPT) traded down 0.02% on Thursday, hitting $40.43. 1,053,972 shares of the stock were exchanged. The firm has a market capitalization of $5.94 billion, a PE ratio of 24.62 and a beta of 0.92. Liberty Property Trust has a one year low of $26.94 and a one year high of $42.26. The company has a 50-day moving average price of $39.68 and a 200-day moving average price of $39.84.

Liberty Property Trust (NYSE:LPT) last announced its quarterly earnings results on Tuesday, October 25th. The real estate investment trust reported $0.66 EPS for the quarter, meeting the consensus estimate of $0.66. The firm had revenue of $190.86 million for the quarter, compared to analyst estimates of $188.30 million. Liberty Property Trust had a return on equity of 8.17% and a net margin of 31.51%. The business’s revenue for the quarter was down 4.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.67 earnings per share. Equities research analysts expect that Liberty Property Trust will post $1.23 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 16th. Investors of record on Tuesday, January 3rd were given a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a yield of 4.70%. The ex-dividend date was Thursday, December 29th. Liberty Property Trust’s payout ratio is currently 115.85%.

A number of equities research analysts recently issued reports on LPT shares. Stifel Nicolaus upgraded shares of Liberty Property Trust from a “hold” rating to a “buy” rating and upped their price objective for the stock from $40.00 to $44.00 in a report on Wednesday, October 26th. They noted that the move was a valuation call. Zacks Investment Research cut shares of Liberty Property Trust from a “hold” rating to a “sell” rating in a report on Wednesday, October 5th. Capital One Financial Corp. upgraded shares of Liberty Property Trust from an “equal weight” rating to an “overweight” rating and set a $41.00 price objective for the company in a report on Tuesday, October 4th. Wells Fargo & Co. upgraded shares of Liberty Property Trust from a “market perform” rating to an “outperform” rating in a report on Tuesday, December 13th. Finally, Mitsubishi UFJ Financial Group cut shares of Liberty Property Trust from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $50.00 to $46.00 in a report on Friday, January 6th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $42.17.

About Liberty Property Trust

Liberty Property Trust is a real estate investment trust. The Company’s operations are primarily conducted by its subsidiary, Liberty Property Limited Partnership. Its segments include Carolinas; Chicago/Milwaukee; Houston, Lehigh/Central PA; Minnesota; Orlando; Philadelphia; Richmond/Hampton Roads; Southeastern PA; South Florida; Tampa; United Kingdom, and Other, which includes Arizona, Atlanta, Cincinnati/Columbus/Indianapolis, Dallas, Maryland, New Jersey, Northern Virginia, Southern California, Washington DC and other segments.

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