Liberty Property Trust (LPT) Holdings Reduced by Strs Ohio

Strs Ohio lowered its stake in Liberty Property Trust (NYSE:LPT) by 2.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 187,169 shares of the real estate investment trust’s stock after selling 4,534 shares during the quarter. Strs Ohio owned about 0.13% of Liberty Property Trust worth $7,685,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. APG Asset Management N.V. lifted its position in Liberty Property Trust by 38.5% in the third quarter. APG Asset Management N.V. now owns 85,544 shares of the real estate investment trust’s stock valued at $3,512,000 after buying an additional 23,800 shares during the last quarter. Meeder Asset Management Inc. increased its stake in Liberty Property Trust by 65.6% during the third quarter. Meeder Asset Management Inc. now owns 18,502 shares of the real estate investment trust’s stock worth $759,000 after purchasing an additional 7,329 shares during the period. Fisher Asset Management LLC increased its stake in Liberty Property Trust by 6.2% during the third quarter. Fisher Asset Management LLC now owns 83,645 shares of the real estate investment trust’s stock worth $3,434,000 after purchasing an additional 4,850 shares during the period. PGGM Investments increased its stake in Liberty Property Trust by 4.9% during the third quarter. PGGM Investments now owns 2,997,000 shares of the real estate investment trust’s stock worth $123,057,000 after purchasing an additional 139,000 shares during the period. Finally, Eqis Capital Management Inc. increased its stake in Liberty Property Trust by 25.9% during the third quarter. Eqis Capital Management Inc. now owns 10,297 shares of the real estate investment trust’s stock worth $423,000 after purchasing an additional 2,117 shares during the period. 91.46% of the stock is currently owned by institutional investors.

Shares of Liberty Property Trust (NYSE:LPT) opened at 43.22 on Friday. Liberty Property Trust has a 1-year low of $36.22 and a 1-year high of $43.70. The stock has a market capitalization of $6.37 billion, a price-to-earnings ratio of 18.49 and a beta of 0.88. The company’s 50 day moving average is $42.02 and its 200-day moving average is $41.58.

Liberty Property Trust (NYSE:LPT) last released its quarterly earnings results on Tuesday, October 24th. The real estate investment trust reported $0.40 EPS for the quarter, missing the consensus estimate of $0.63 by ($0.23). The company had revenue of $193.65 million for the quarter, compared to analyst estimates of $174.65 million. Liberty Property Trust had a return on equity of 11.41% and a net margin of 47.78%. The business’s revenue was up 1.5% on a year-over-year basis. During the same period last year, the firm posted $0.66 earnings per share. Equities analysts anticipate that Liberty Property Trust will post $1.24 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Sunday, October 15th. Investors of record on Monday, October 2nd were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 3.70%. The ex-dividend date of this dividend was Friday, September 29th. Liberty Property Trust’s dividend payout ratio (DPR) is presently 67.51%.

Liberty Property Trust declared that its board has approved a stock repurchase program on Monday, October 2nd that authorizes the company to buyback $250.00 million in outstanding shares. This buyback authorization authorizes the real estate investment trust to purchase shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board believes its stock is undervalued.

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LPT has been the topic of a number of recent research reports. Zacks Investment Research upgraded shares of Liberty Property Trust from a “hold” rating to a “buy” rating and set a $47.00 price target on the stock in a research note on Wednesday, August 16th. Stifel Nicolaus reiterated a “buy” rating and set a $44.00 price target on shares of Liberty Property Trust in a research note on Thursday, July 6th. Finally, KeyCorp reiterated a “hold” rating on shares of Liberty Property Trust in a research note on Tuesday, October 24th. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $44.17.

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).

Institutional Ownership by Quarter for Liberty Property Trust (NYSE:LPT)

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