A number of other large investors have also recently added to or reduced their stakes in LPT. Robecosam AG increased its stake in Liberty Property Trust by 107.7% in the first quarter. Robecosam AG now owns 2,700 shares of the real estate investment trust’s stock worth $103,000 after buying an additional 1,400 shares during the period. First Quadrant L P CA purchased a new stake in Liberty Property Trust during the first quarter worth $136,000. Mn Services Vermogensbeheer B.V. increased its stake in Liberty Property Trust by 5.5% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 3,920 shares of the real estate investment trust’s stock worth $141,000 after buying an additional 206 shares during the period. Gilbert & Cook Inc. purchased a new stake in Liberty Property Trust during the second quarter worth $203,000. Finally, Envestnet Asset Management Inc. increased its stake in Liberty Property Trust by 25.0% in the first quarter. Envestnet Asset Management Inc. now owns 5,736 shares of the real estate investment trust’s stock worth $223,000 after buying an additional 1,148 shares during the period. Hedge funds and other institutional investors own 91.36% of the company’s stock.
Texas Permanent School Fund boosted its position in Liberty Property Trust (NYSE:LPT) by 1.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 107,480 shares of the real estate investment trust’s stock after buying an additional 1,056 shares during the period. Texas Permanent School Fund’s holdings in Liberty Property Trust were worth $4,376,000 as of its most recent SEC filing.
Shares of Liberty Property Trust (NYSE LPT) opened at 42.41 on Wednesday. The firm has a market cap of $6.22 billion, a P/E ratio of 18.14 and a beta of 0.88. Liberty Property Trust has a 12 month low of $36.22 and a 12 month high of $42.80. The stock’s 50 day moving average price is $41.50 and its 200-day moving average price is $40.26.
Liberty Property Trust (NYSE:LPT) last issued its quarterly earnings results on Tuesday, July 25th. The real estate investment trust reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.03. The business had revenue of $183.13 million during the quarter, compared to analyst estimates of $175.60 million. Liberty Property Trust had a net margin of 47.24% and a return on equity of 11.37%. Liberty Property Trust’s revenue for the quarter was down 1.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.68 earnings per share. Equities research analysts anticipate that Liberty Property Trust will post $1.21 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Saturday, July 15th. Investors of record on Monday, July 3rd were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.77%. The ex-dividend date was Thursday, June 29th. Liberty Property Trust’s dividend payout ratio is currently 68.38%.
A number of equities research analysts have weighed in on LPT shares. Stifel Nicolaus upped their target price on Liberty Property Trust from $42.00 to $44.00 and gave the stock a “buy” rating in a research report on Wednesday, April 26th. Zacks Investment Research upgraded Liberty Property Trust from a “hold” rating to a “buy” rating and set a $46.00 target price for the company in a research report on Wednesday, June 28th. Finally, BidaskClub downgraded Liberty Property Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, June 21st. One analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $42.33.
About Liberty Property Trust
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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