Public Employees Retirement System of Ohio increased its holdings in Liberty Property Trust (NYSE:LPT) by 28.3% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 290,716 shares of the real estate investment trust’s stock after purchasing an additional 64,072 shares during the period. Public Employees Retirement System of Ohio owned 0.20% of Liberty Property Trust worth $11,937,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. GSA Capital Partners LLP raised its holdings in shares of Liberty Property Trust by 239.7% during the 3rd quarter. GSA Capital Partners LLP now owns 21,576 shares of the real estate investment trust’s stock worth $886,000 after acquiring an additional 15,225 shares in the last quarter. Fieldpoint Private Securities LLC bought a new position in shares of Liberty Property Trust during the 3rd quarter valued at approximately $100,000. Sterling Capital Management LLC increased its position in shares of Liberty Property Trust by 30.2% during the 3rd quarter. Sterling Capital Management LLC now owns 73,437 shares of the real estate investment trust’s stock valued at $3,015,000 after purchasing an additional 17,027 shares during the last quarter. California Public Employees Retirement System increased its position in shares of Liberty Property Trust by 4.6% during the 3rd quarter. California Public Employees Retirement System now owns 392,334 shares of the real estate investment trust’s stock valued at $16,109,000 after purchasing an additional 17,371 shares during the last quarter. Finally, Cubist Systematic Strategies LLC increased its position in shares of Liberty Property Trust by 28.6% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 47,196 shares of the real estate investment trust’s stock valued at $1,938,000 after purchasing an additional 10,487 shares during the last quarter. 91.28% of the stock is currently owned by institutional investors.
Several equities analysts have recently weighed in on the company. ValuEngine raised Liberty Property Trust from a “hold” rating to a “buy” rating in a research report on Friday, November 10th. J P Morgan Chase & Co downgraded Liberty Property Trust from a “neutral” rating to an “underweight” rating and set a $41.00 target price on the stock. in a research report on Friday, December 15th. Morgan Stanley boosted their target price on Liberty Property Trust from $43.00 to $44.00 and gave the company an “equal weight” rating in a research report on Friday, December 15th. Zacks Investment Research raised Liberty Property Trust from a “hold” rating to a “buy” rating and set a $48.00 target price on the stock in a research report on Tuesday, September 12th. Finally, Stifel Nicolaus reissued a “buy” rating and set a $44.00 target price on shares of Liberty Property Trust in a research report on Thursday, September 21st. One analyst has rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $43.75.
Liberty Property Trust (NYSE:LPT) last announced its quarterly earnings data on Tuesday, October 24th. The real estate investment trust reported $0.40 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.63 by ($0.23). The business had revenue of $193.65 million during the quarter, compared to the consensus estimate of $174.65 million. Liberty Property Trust had a net margin of 47.78% and a return on equity of 11.41%. The business’s revenue was up 1.5% compared to the same quarter last year. During the same period last year, the company earned $0.66 EPS. equities research analysts expect that Liberty Property Trust will post 2.55 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 15th. Shareholders of record on Tuesday, January 2nd will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 3.70%. The ex-dividend date of this dividend is Friday, December 29th. Liberty Property Trust’s dividend payout ratio (DPR) is presently 67.51%.
Liberty Property Trust declared that its Board of Directors has approved a stock buyback plan on Monday, October 2nd that allows the company to repurchase $250.00 million in outstanding shares. This repurchase authorization allows the real estate investment trust to buy shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.
In other Liberty Property Trust news, Director David L. Lingerfelt sold 18,000 shares of the company’s stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $44.56, for a total value of $802,080.00. Following the transaction, the director now owns 56,814 shares of the company’s stock, valued at approximately $2,531,631.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.50% of the company’s stock.
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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