Sumitomo Mitsui Trust Holdings Inc. Acquires 51,949 Shares of Liberty Property Trust (NYSE:LPT)

Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in Liberty Property Trust (NYSE:LPT) by 7.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 731,592 shares of the real estate investment trust’s stock after purchasing an additional 51,949 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc.’s holdings in Liberty Property Trust were worth $37,553,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. JPMorgan Chase & Co. boosted its stake in Liberty Property Trust by 109.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 5,143,315 shares of the real estate investment trust’s stock worth $256,701,000 after purchasing an additional 2,683,796 shares during the period. Invesco Ltd. boosted its stake in Liberty Property Trust by 7.2% in the 2nd quarter. Invesco Ltd. now owns 4,797,626 shares of the real estate investment trust’s stock worth $240,074,000 after purchasing an additional 322,212 shares during the period. Royal Bank of Canada boosted its stake in Liberty Property Trust by 0.8% in the 2nd quarter. Royal Bank of Canada now owns 3,722,238 shares of the real estate investment trust’s stock worth $186,261,000 after purchasing an additional 28,397 shares during the period. Zimmer Partners LP boosted its stake in Liberty Property Trust by 43.5% in the 2nd quarter. Zimmer Partners LP now owns 3,587,500 shares of the real estate investment trust’s stock worth $179,519,000 after purchasing an additional 1,087,500 shares during the period. Finally, Northern Trust Corp boosted its stake in Liberty Property Trust by 1.2% in the 2nd quarter. Northern Trust Corp now owns 2,455,085 shares of the real estate investment trust’s stock worth $122,853,000 after purchasing an additional 29,230 shares during the period. Institutional investors and hedge funds own 92.77% of the company’s stock.

In other news, CAO Mary Beth Morrissey sold 2,741 shares of the company’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $51.26, for a total transaction of $140,503.66. Following the sale, the chief accounting officer now directly owns 50,559 shares of the company’s stock, valued at approximately $2,591,654.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.40% of the stock is owned by corporate insiders.

Several analysts have recently issued reports on LPT shares. JPMorgan Chase & Co. upped their price objective on Liberty Property Trust from $49.00 to $53.00 and gave the stock a “neutral” rating in a report on Thursday, September 12th. ValuEngine cut Liberty Property Trust from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Morgan Stanley upped their price objective on Liberty Property Trust from $49.00 to $54.00 and gave the stock an “equal weight” rating in a report on Monday, October 7th. Finally, Wells Fargo & Co cut Liberty Property Trust from an “outperform” rating to a “market perform” rating and upped their price objective for the stock from $57.00 to $59.00 in a report on Monday. Eight equities research analysts have rated the stock with a hold rating, Liberty Property Trust presently has a consensus rating of “Hold” and an average target price of $52.00.

Shares of LPT opened at $58.76 on Friday. The stock has a market capitalization of $8.62 billion, a price-to-earnings ratio of 26.71, a price-to-earnings-growth ratio of 3.81 and a beta of 0.76. Liberty Property Trust has a 1 year low of $40.15 and a 1 year high of $59.97. The business’s 50 day simple moving average is $52.65 and its 200-day simple moving average is $50.91. The company has a debt-to-equity ratio of 0.78, a current ratio of 7.33 and a quick ratio of 2.27.

Liberty Property Trust (NYSE:LPT) last issued its quarterly earnings data on Tuesday, October 29th. The real estate investment trust reported $0.66 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.63 by $0.03. The business had revenue of $163.20 million for the quarter, compared to analysts’ expectations of $163.43 million. Liberty Property Trust had a return on equity of 5.79% and a net margin of 64.23%. The company’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.69 EPS. On average, sell-side analysts expect that Liberty Property Trust will post 2.54 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 1st were issued a dividend of $0.41 per share. The ex-dividend date was Monday, September 30th. This represents a $1.64 annualized dividend and a dividend yield of 2.79%. Liberty Property Trust’s dividend payout ratio (DPR) is 74.55%.

Liberty Property Trust Profile

Liberty Property Trust is a leader in commercial real estate, serving customers in the United States and United Kingdom, through the development, acquisition, ownership and management of superior logistics, warehouse, manufacturing, and R&D facilities in key markets. Liberty's 108 million square foot operating portfolio provides productive work environments to 1,200 tenants.

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

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