Liberty Property Trust (NYSE:LPT) Stock Position Decreased by Garland Capital Management Inc.

Garland Capital Management Inc. cut its stake in shares of Liberty Property Trust (NYSE:LPT) by 1.6% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 99,010 shares of the real estate investment trust’s stock after selling 1,605 shares during the quarter. Liberty Property Trust comprises 3.6% of Garland Capital Management Inc.’s holdings, making the stock its 13th biggest position. Garland Capital Management Inc.’s holdings in Liberty Property Trust were worth $5,082,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its position in shares of Liberty Property Trust by 109.1% in the second quarter. JPMorgan Chase & Co. now owns 5,143,315 shares of the real estate investment trust’s stock worth $256,701,000 after buying an additional 2,683,796 shares during the period. Nuveen Asset Management LLC boosted its position in shares of Liberty Property Trust by 295.5% in the second quarter. Nuveen Asset Management LLC now owns 1,584,673 shares of the real estate investment trust’s stock worth $79,297,000 after buying an additional 1,184,017 shares during the period. Zimmer Partners LP boosted its position in shares of Liberty Property Trust by 43.5% in the second quarter. Zimmer Partners LP now owns 3,587,500 shares of the real estate investment trust’s stock worth $179,519,000 after buying an additional 1,087,500 shares during the period. Long Pond Capital LP acquired a new stake in shares of Liberty Property Trust in the second quarter worth $37,154,000. Finally, Centersquare Investment Management LLC boosted its position 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 buying an additional 544,384 shares during the period. 92.86% of the stock is owned by institutional investors and hedge funds.

In related news, CAO Mary Beth Morrissey sold 2,741 shares of the stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $51.26, for a total transaction of $140,503.66. Following the completion of the sale, the chief accounting officer now directly owns 50,559 shares in the company, valued at $2,591,654.34. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 1.40% of the stock is currently owned by company insiders.

Shares of NYSE:LPT traded up $0.01 during midday trading on Thursday, hitting $50.86. 56,605 shares of the stock were exchanged, compared to its average volume of 1,021,244. The company has a debt-to-equity ratio of 0.91, a quick ratio of 2.27 and a current ratio of 2.27. Liberty Property Trust has a 52-week low of $39.82 and a 52-week high of $53.39. The business’s fifty day simple moving average is $51.33 and its two-hundred day simple moving average is $50.20. The company has a market capitalization of $7.63 billion, a PE ratio of 23.10, a P/E/G ratio of 3.33 and a beta of 0.75.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Tuesday, October 1st will be issued a dividend of $0.41 per share. The ex-dividend date is Monday, September 30th. This represents a $1.64 annualized dividend and a dividend yield of 3.22%. Liberty Property Trust’s dividend payout ratio is 74.55%.

Several analysts recently issued reports on LPT shares. Wells Fargo & Co increased their price objective on Liberty Property Trust from $55.00 to $57.00 and gave the stock an “outperform” rating in a report on Wednesday, August 21st. ValuEngine lowered Liberty Property Trust from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Morgan Stanley increased their price objective on Liberty Property Trust from $49.00 to $54.00 and gave the stock an “equal weight” rating in a report on Monday. Finally, JPMorgan Chase & Co. increased their price objective on Liberty Property Trust from $49.00 to $53.00 and gave the stock a “neutral” rating in a report on Thursday, September 12th. Seven analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $51.67.

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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