Amundi Pioneer Asset Management Inc. lifted its stake in Liberty Property Trust (NYSE:LPT) by 49.6% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 210,326 shares of the real estate investment trust’s stock after purchasing an additional 69,730 shares during the quarter. Amundi Pioneer Asset Management Inc. owned about 0.14% of Liberty Property Trust worth $8,357,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds also recently modified their holdings of LPT. Heitman Real Estate Securities LLC bought a new position in Liberty Property Trust in the 4th quarter valued at approximately $34,580,000. Renaissance Technologies LLC lifted its position in Liberty Property Trust by 55.3% in the 4th quarter. Renaissance Technologies LLC now owns 950,100 shares of the real estate investment trust’s stock valued at $40,864,000 after acquiring an additional 338,200 shares in the last quarter. Sterling Capital Management LLC lifted its position in Liberty Property Trust by 50.0% in the 4th quarter. Sterling Capital Management LLC now owns 110,137 shares of the real estate investment trust’s stock valued at $4,737,000 after acquiring an additional 36,700 shares in the last quarter. Teachers Advisors LLC lifted its position in Liberty Property Trust by 5.2% in the 4th quarter. Teachers Advisors LLC now owns 306,383 shares of the real estate investment trust’s stock valued at $13,178,000 after acquiring an additional 15,025 shares in the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its position in Liberty Property Trust by 17.5% in the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 97,799 shares of the real estate investment trust’s stock valued at $4,206,000 after acquiring an additional 14,596 shares in the last quarter. 90.66% of the stock is currently owned by hedge funds and other institutional investors.
Several research firms recently issued reports on LPT. JPMorgan Chase & Co. raised Liberty Property Trust from an “underweight” rating to a “neutral” rating in a research report on Friday, June 15th. Morgan Stanley lowered their price objective on Liberty Property Trust from $44.00 to $43.00 and set an “equal weight” rating on the stock in a research report on Thursday, June 14th. ValuEngine cut Liberty Property Trust from a “buy” rating to a “hold” rating in a research report on Thursday, May 17th. Finally, SunTrust Banks set a $43.00 price objective on Liberty Property Trust and gave the company a “buy” rating in a research report on Friday, March 2nd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. Liberty Property Trust currently has a consensus rating of “Hold” and a consensus target price of $44.00.
Liberty Property Trust opened at $44.13 on Thursday, Marketbeat reports. The company has a market capitalization of $6.56 billion, a P/E ratio of 17.04 and a beta of 0.75. Liberty Property Trust has a 12-month low of $37.77 and a 12-month high of $45.40. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 0.86.
Liberty Property Trust (NYSE:LPT) last released its quarterly earnings results on Tuesday, April 24th. The real estate investment trust reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.33. The firm had revenue of $190.20 million for the quarter, compared to analysts’ expectations of $145.62 million. Liberty Property Trust had a return on equity of 8.55% and a net margin of 49.95%. The company’s revenue was up 14.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.60 EPS. analysts forecast that Liberty Property Trust will post 2.6 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Sunday, July 15th. Stockholders of record on Monday, July 2nd will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, June 29th. This represents a $1.60 annualized dividend and a dividend yield of 3.63%. Liberty Property Trust’s payout ratio is 61.78%.
In other news, Director M Leanne Lachman sold 5,000 shares of the stock in a transaction on Monday, April 30th. The stock was sold at an average price of $42.25, for a total transaction of $211,250.00. Following the transaction, the director now directly owns 52,570 shares of the company’s stock, valued at approximately $2,221,082.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.20% of the stock is owned by corporate insiders.
Liberty Property Trust 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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