Liberty Property Trust (LPT) Stake Lifted by KBC Group NV

KBC Group NV raised its holdings in shares of Liberty Property Trust (NYSE:LPT) by 18.3% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 218,442 shares of the real estate investment trust’s stock after buying an additional 33,833 shares during the period. KBC Group NV owned about 0.15% of Liberty Property Trust worth $8,969,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. Advisor Group Inc. lifted its holdings in Liberty Property Trust by 3.9% during the 2nd quarter. Advisor Group Inc. now owns 2,585 shares of the real estate investment trust’s stock valued at $105,000 after purchasing an additional 98 shares during the last quarter. Commonwealth Bank of Australia lifted its position in shares of Liberty Property Trust by 4.8% in the second quarter. Commonwealth Bank of Australia now owns 3,119 shares of the real estate investment trust’s stock worth $126,000 after purchasing an additional 143 shares in the last quarter. Spectrum Management Group Inc. bought a new stake in shares of Liberty Property Trust in the third quarter worth $168,000. Emerald Advisers Inc. PA bought a new stake in shares of Liberty Property Trust in the third quarter worth $208,000. Finally, Virtu KCG Holdings LLC bought a new stake in shares of Liberty Property Trust in the second quarter worth $212,000. Hedge funds and other institutional investors own 91.46% of the company’s stock.

Shares of Liberty Property Trust (LPT) traded down $0.33 during midday trading on Tuesday, reaching $44.75. 649,600 shares of the company were exchanged, compared to its average volume of 737,903. The company has a market cap of $6,645.60, a price-to-earnings ratio of 19.43, a PEG ratio of 2.95 and a beta of 0.88. Liberty Property Trust has a 1-year low of $37.21 and a 1-year high of $45.40. The company has a current ratio of 1.78, a quick ratio of 1.78 and a debt-to-equity ratio of 0.93.

Liberty Property Trust (NYSE:LPT) last released its quarterly earnings results on Tuesday, October 24th. The real estate investment trust reported $0.40 earnings per share (EPS) for the quarter, missing the 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 firm had revenue of $193.65 million for the quarter, compared to the consensus estimate of $174.65 million. During the same quarter in the previous year, the business posted $0.66 EPS. The firm’s revenue for the quarter was up 1.5% compared to the same quarter last year. analysts predict that Liberty Property Trust will post 2.55 EPS for the current year.

Liberty Property Trust announced that its board has authorized a stock buyback plan on Monday, October 2nd that permits the company to buyback $250.00 million in outstanding shares. This buyback authorization permits the real estate investment trust to reacquire shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its shares are undervalued.

A number of analysts have recently commented on LPT shares. Zacks Investment Research raised shares of Liberty Property Trust from a “hold” rating to a “buy” rating and set a $47.00 price objective on the stock in a research report on Thursday, August 24th. Sandler O’Neill upgraded shares of Liberty Property Trust from a “sell” rating to a “hold” rating and set a $45.00 price target on the stock in a research note on Wednesday, October 25th. Stifel Nicolaus restated a “buy” rating and issued a $44.00 price target on shares of Liberty Property Trust in a research note on Thursday, September 21st. Finally, KeyCorp restated a “hold” rating on shares of Liberty Property Trust in a research note on Friday, August 25th. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $44.17.

In other Liberty Property Trust news, Director David L. Lingerfelt sold 18,000 shares of the business’s stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $44.56, for a total transaction of $802,080.00. Following the sale, the director now owns 56,814 shares in the company, valued at approximately $2,531,631.84. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.50% of the stock is currently owned by insiders.

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

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