World Asset Management Inc increased its stake in Liberty Property Trust (NYSE:LPT) by 1.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,453 shares of the real estate investment trust’s stock after buying an additional 196 shares during the period. World Asset Management Inc’s holdings in Liberty Property Trust were worth $466,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Robecosam AG raised its position in shares of 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 valued at $103,000 after buying an additional 1,400 shares in the last quarter. First Quadrant L P CA bought a new position in shares of Liberty Property Trust during the first quarter valued at about $136,000. Mn Services Vermogensbeheer B.V. raised its position in shares of 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 valued at $141,000 after buying an additional 206 shares in the last quarter. Gilbert & Cook Inc. bought a new position in shares of Liberty Property Trust during the second quarter valued at about $203,000. Finally, Envestnet Asset Management Inc. raised its position in shares of 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 valued at $223,000 after buying an additional 1,148 shares in the last quarter. 91.52% of the stock is currently owned by institutional investors and hedge funds.
Liberty Property Trust (NYSE:LPT) opened at 40.73 on Friday. The firm has a market cap of $6.00 billion, a P/E ratio of 17.42 and a beta of 0.88. The firm’s 50-day moving average is $41.34 and its 200 day moving average is $40.32. Liberty Property Trust has a 12-month low of $36.22 and a 12-month high of $42.80.
Liberty Property Trust (NYSE:LPT) last issued its earnings results on Tuesday, July 25th. The real estate investment trust reported $0.65 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.62 by $0.03. Liberty Property Trust had a return on equity of 11.37% and a net margin of 47.24%. The business had revenue of $183.13 million during the quarter, compared to analyst estimates of $175.60 million. During the same quarter in the previous year, the firm earned $0.68 EPS. Liberty Property Trust’s revenue was down 1.9% on a year-over-year basis. Equities analysts forecast that Liberty Property Trust will post $1.24 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Saturday, July 15th. Shareholders of record on Monday, July 3rd were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 3.93%. The ex-dividend date of this dividend was Thursday, June 29th. Liberty Property Trust’s dividend payout ratio (DPR) is 68.38%.
Several research analysts recently issued reports on LPT shares. Stifel Nicolaus increased their target price on shares of Liberty Property Trust from $42.00 to $44.00 and gave the stock a “buy” rating in a research note on Wednesday, April 26th. Zacks Investment Research raised shares of Liberty Property Trust from a “hold” rating to a “buy” rating and set a $46.00 target price on the stock in a research note on Wednesday, June 28th. Finally, BidaskClub lowered shares of Liberty Property Trust from a “buy” rating to a “hold” rating in a research note on Wednesday, June 21st. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $42.33.
Liberty Property Trust Company Profile
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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