Mary Beth Morrissey Sells 6,843 Shares of Liberty Property Trust (LPT) Stock

Liberty Property Trust (NYSE:LPT) CAO Mary Beth Morrissey sold 6,843 shares of the stock in a transaction that occurred on Wednesday, December 12th. The stock was sold at an average price of $45.52, for a total transaction of $311,493.36. Following the sale, the chief accounting officer now directly owns 73,778 shares of the company’s stock, valued at approximately $3,358,374.56. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

LPT opened at $46.33 on Friday. The company has a market cap of $6.85 billion, a P/E ratio of 17.89, a price-to-earnings-growth ratio of 2.92 and a beta of 0.63. Liberty Property Trust has a 1 year low of $37.77 and a 1 year high of $46.91. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.54 and a quick ratio of 1.54.

Liberty Property Trust (NYSE:LPT) last posted its earnings results on Tuesday, October 23rd. The real estate investment trust reported $1.01 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.65 by $0.36. Liberty Property Trust had a net margin of 59.89% and a return on equity of 6.68%. The firm had revenue of $121.51 million during the quarter, compared to the consensus estimate of $119.79 million. During the same quarter in the prior year, the company earned $0.66 EPS. The company’s revenue was up 6.1% on a year-over-year basis. On average, analysts expect that Liberty Property Trust will post 2.65 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 15th. Shareholders of record on Wednesday, January 2nd will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 3.45%. The ex-dividend date is Monday, December 31st. Liberty Property Trust’s dividend payout ratio (DPR) is 61.78%.

Large investors have recently modified their holdings of the business. Bessemer Group Inc. grew its position in Liberty Property Trust by 723.5% in the third quarter. Bessemer Group Inc. now owns 3,788 shares of the real estate investment trust’s stock valued at $160,000 after acquiring an additional 3,328 shares in the last quarter. Qube Research & Technologies Ltd acquired a new stake in Liberty Property Trust in the second quarter valued at approximately $168,000. Nordea Investment Management AB acquired a new stake in Liberty Property Trust in the third quarter valued at approximately $161,000. NumerixS Investment Technologies Inc grew its position in Liberty Property Trust by 45.2% in the second quarter. NumerixS Investment Technologies Inc now owns 4,355 shares of the real estate investment trust’s stock valued at $194,000 after acquiring an additional 1,355 shares in the last quarter. Finally, US Bancorp DE grew its position in Liberty Property Trust by 108.5% in the second quarter. US Bancorp DE now owns 4,363 shares of the real estate investment trust’s stock valued at $193,000 after acquiring an additional 2,270 shares in the last quarter. 91.38% of the stock is owned by institutional investors.

A number of analysts recently issued reports on LPT shares. ValuEngine raised shares of Liberty Property Trust from a “hold” rating to a “buy” rating in a research report on Friday, October 26th. Zacks Investment Research downgraded shares of Liberty Property Trust from a “buy” rating to a “hold” rating in a research report on Monday, October 8th. Finally, Mitsubishi UFJ Financial Group dropped their target price on shares of Liberty Property Trust from $49.00 to $47.00 and set an “overweight” rating for the company in a research report on Wednesday, October 24th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $45.67.

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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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