Fisher Asset Management LLC grew its stake in shares of Liberty Property Trust (NYSE:LPT) by 6.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 83,645 shares of the real estate investment trust’s stock after acquiring an additional 4,850 shares during the period. Fisher Asset Management LLC owned about 0.06% of Liberty Property Trust worth $3,434,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in the business. PGGM Investments grew its holdings in Liberty Property Trust by 4.9% during the 3rd quarter. PGGM Investments now owns 2,997,000 shares of the real estate investment trust’s stock worth $123,057,000 after acquiring an additional 139,000 shares in the last quarter. Eqis Capital Management Inc. boosted its holdings in shares of Liberty Property Trust by 25.9% in the 3rd quarter. Eqis Capital Management Inc. now owns 10,297 shares of the real estate investment trust’s stock valued at $423,000 after buying an additional 2,117 shares during the period. Achmea Investment Management B.V. boosted its holdings in shares of Liberty Property Trust by 6.1% in the 2nd quarter. Achmea Investment Management B.V. now owns 49,592 shares of the real estate investment trust’s stock valued at $2,016,000 after buying an additional 2,860 shares during the period. Dynamic Technology Lab Private Ltd boosted its holdings in shares of Liberty Property Trust by 31.8% in the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 9,486 shares of the real estate investment trust’s stock valued at $386,000 after buying an additional 2,286 shares during the period. Finally, Ameritas Investment Partners Inc. boosted its holdings in shares of Liberty Property Trust by 0.8% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 86,453 shares of the real estate investment trust’s stock valued at $3,519,000 after buying an additional 722 shares during the period. 91.46% of the stock is owned by institutional investors.
Several research analysts have recently commented on LPT shares. Stifel Nicolaus reaffirmed a “buy” rating and issued a $44.00 price target on shares of Liberty Property Trust in a report on Thursday, July 6th. Zacks Investment Research raised shares of Liberty Property Trust from a “hold” rating to a “buy” rating and set a $47.00 price target for the company in a report on Wednesday, August 16th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Liberty Property Trust in a report on Friday, August 25th. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $44.17.
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Liberty Property Trust (NYSE:LPT) opened at 43.22 on Friday. Liberty Property Trust has a 12-month low of $36.22 and a 12-month high of $43.70. The stock has a 50 day moving average of $42.02 and a 200 day moving average of $41.58. The firm has a market capitalization of $6.37 billion, a price-to-earnings ratio of 18.49 and a beta of 0.88.
Liberty Property Trust (NYSE:LPT) last posted its quarterly earnings results on Tuesday, October 24th. The real estate investment trust reported $0.40 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.63 by ($0.23). Liberty Property Trust had a return on equity of 11.41% and a net margin of 47.78%. The business had revenue of $193.65 million during the quarter, compared to analysts’ expectations of $174.65 million. During the same quarter in the prior year, the firm earned $0.66 EPS. The firm’s revenue for the quarter was up 1.5% compared to the same quarter last year. Equities research analysts anticipate that Liberty Property Trust will post $1.24 earnings per share for the current year.
Liberty Property Trust announced that its Board of Directors has approved a stock buyback program on Monday, October 2nd that permits the company to repurchase $250.00 million in shares. This repurchase authorization permits the real estate investment trust to reacquire shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company’s board of directors believes its stock is undervalued.
The firm also recently declared a quarterly dividend, which was paid on Sunday, October 15th. Stockholders of record on Monday, October 2nd were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 3.70%. The ex-dividend date was Friday, September 29th. Liberty Property Trust’s dividend payout ratio is currently 67.51%.
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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