Korea Investment CORP Has $950,000 Holdings in Liberty Property Trust (LPT)

Korea Investment CORP cut its stake in Liberty Property Trust (NYSE:LPT) by 80.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,495 shares of the real estate investment trust’s stock after selling 94,700 shares during the period. Korea Investment CORP’s holdings in Liberty Property Trust were worth $950,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in LPT. Aperio Group LLC grew its position in shares of Liberty Property Trust by 4.8% in the second quarter. Aperio Group LLC now owns 51,638 shares of the real estate investment trust’s stock valued at $2,289,000 after purchasing an additional 2,358 shares during the period. Raymond James Financial Services Advisors Inc. acquired a new position in Liberty Property Trust during the second quarter worth about $1,655,000. Sumitomo Mitsui Trust Holdings Inc. boosted its position in Liberty Property Trust by 6.0% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 555,429 shares of the real estate investment trust’s stock worth $24,622,000 after acquiring an additional 31,572 shares during the last quarter. Wells Fargo & Company MN boosted its position in Liberty Property Trust by 4.5% during the second quarter. Wells Fargo & Company MN now owns 258,312 shares of the real estate investment trust’s stock worth $11,450,000 after acquiring an additional 11,072 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in Liberty Property Trust during the second quarter worth about $1,055,000. 91.38% of the stock is owned by hedge funds and other institutional investors.

A number of research firms recently weighed in on LPT. ValuEngine upgraded shares of Liberty Property Trust from a “hold” rating to a “buy” rating in a research report on Wednesday, November 21st. Mitsubishi UFJ Financial Group lowered their price target on shares of Liberty Property Trust from $49.00 to $47.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 24th. Finally, Zacks Investment Research lowered shares of Liberty Property Trust from a “buy” rating to a “hold” rating in a research report on Monday, October 8th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $45.00.

LPT opened at $46.27 on Friday. The stock has a market cap of $6.87 billion, a P/E ratio of 17.86, a price-to-earnings-growth ratio of 2.93 and a beta of 0.63. Liberty Property Trust has a twelve month low of $37.77 and a twelve month high of $46.66. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.94.

Liberty Property Trust (NYSE:LPT) last posted its quarterly earnings results on Tuesday, October 23rd. The real estate investment trust reported $1.01 earnings per share for the quarter, topping analysts’ consensus estimates of $0.65 by $0.36. The firm had revenue of $121.51 million for the quarter, compared to analyst estimates of $119.79 million. Liberty Property Trust had a net margin of 59.89% and a return on equity of 6.68%. Liberty Property Trust’s quarterly revenue was up 6.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.66 earnings per share. Equities analysts predict that Liberty Property Trust will post 2.64 EPS for the current year.

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About Liberty Property Trust

Liberty Property Trust (NYSE:LPT) is a leader in commercial real estate, serving customers in the United States and United Kingdom, through the development, acquisition, ownership and management of industrial and office properties. Liberty's 103.5 million square foot operating portfolio provides productive work environments for 1,200 tenants.

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

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