Tredje AP fonden boosted its position in Liberty Property Trust (NYSE:LPT) by 17.6% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 32,110 shares of the real estate investment trust’s stock after buying an additional 4,800 shares during the period. Tredje AP fonden’s holdings in Liberty Property Trust were worth $1,289,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of LPT. WealthPLAN Partners LLC purchased a new position in Liberty Property Trust in the 4th quarter valued at $202,000. FDx Advisors Inc. purchased a new position in Liberty Property Trust in the 4th quarter valued at $204,000. Atria Investments LLC purchased a new position in Liberty Property Trust in the 1st quarter valued at $223,000. OppenheimerFunds Inc. purchased a new position in Liberty Property Trust in the 4th quarter valued at $227,000. Finally, AXA purchased a new position in Liberty Property Trust in the 4th quarter valued at $246,000. Hedge funds and other institutional investors own 90.41% of the company’s stock.
A number of equities analysts recently weighed in on LPT shares. SunTrust Banks set a $43.00 price objective on shares of Liberty Property Trust and gave the company a “buy” rating in a research report on Friday, March 2nd. Stifel Nicolaus reiterated a “buy” rating and issued a $44.00 price objective on shares of Liberty Property Trust in a research report on Wednesday, February 7th. Finally, ValuEngine lowered shares of Liberty Property Trust from a “buy” rating to a “hold” rating in a research report on Thursday, May 17th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $44.17.
In other Liberty Property Trust news, Director M Leanne Lachman sold 5,000 shares of the business’s stock in a transaction on Monday, April 30th. The shares were sold at an average price of $42.25, for a total transaction of $211,250.00. Following the sale, the director now directly owns 52,570 shares in the company, valued at approximately $2,221,082.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.20% of the stock is currently owned by insiders.
Shares of Liberty Property Trust opened at $42.38 on Wednesday, according to Marketbeat.com. The firm has a market cap of $6.26 billion, a price-to-earnings ratio of 16.36 and a beta of 0.72. Liberty Property Trust has a one year low of $37.77 and a one year high of $45.40. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.65 and a current ratio of 1.65.
Liberty Property Trust (NYSE:LPT) last issued its earnings results on Tuesday, April 24th. The real estate investment trust reported $0.95 EPS for the quarter, topping the consensus estimate of $0.62 by $0.33. The company had revenue of $190.20 million for the quarter, compared to analyst estimates of $145.62 million. Liberty Property Trust had a net margin of 49.95% and a return on equity of 8.55%. The business’s revenue was up 14.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.60 EPS. analysts forecast that Liberty Property Trust will post 2.6 EPS for the current year.
Liberty Property Trust Company Profile
Liberty Property Trust (NYSE:LPT) 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 industrial and office properties. Liberty's 101 million square foot operating portfolio provides productive work environments for 1,200 tenants.
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