Virtu Financial LLC purchased a new position in shares of Liberty Property Trust (NYSE:LPT) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,027 shares of the real estate investment trust’s stock, valued at approximately $258,000.
Other hedge funds also recently modified their holdings of the company. State Street Corp grew its stake in shares of Liberty Property Trust by 4.6% during the 3rd quarter. State Street Corp now owns 10,292,083 shares of the real estate investment trust’s stock valued at $532,438,000 after buying an additional 456,926 shares during the period. Voya Investment Management LLC boosted its holdings in Liberty Property Trust by 57.2% in the third quarter. Voya Investment Management LLC now owns 41,195 shares of the real estate investment trust’s stock valued at $2,115,000 after acquiring an additional 14,991 shares during the last quarter. Insight Wealth Strategies LLC purchased a new stake in Liberty Property Trust during the third quarter valued at about $279,000. Northwestern Mutual Investment Management Company LLC grew its position in Liberty Property Trust by 6.4% during the third quarter. Northwestern Mutual Investment Management Company LLC now owns 44,987 shares of the real estate investment trust’s stock valued at $2,309,000 after acquiring an additional 2,699 shares during the period. Finally, HGI Capital Management LLC increased its stake in Liberty Property Trust by 42.1% during the third quarter. HGI Capital Management LLC now owns 121,415 shares of the real estate investment trust’s stock worth $6,232,000 after acquiring an additional 35,989 shares during the last quarter. 91.42% of the stock is owned by hedge funds and other institutional investors.
LPT has been the topic of a number of research reports. Morgan Stanley raised 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. Wells Fargo & Co cut Liberty Property Trust from an “outperform” rating to a “market perform” rating and boosted their target price for the stock from $57.00 to $59.00 in a report on Monday, November 4th. Zacks Investment Research raised shares of Liberty Property Trust from a “sell” rating to a “hold” rating and set a $66.00 target price for the company in a research report on Thursday, November 28th. ValuEngine lowered shares of Liberty Property Trust from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Finally, JPMorgan Chase & Co. raised their price target on shares of Liberty Property Trust from $49.00 to $53.00 and gave the company a “neutral” rating in a report on Thursday, September 12th. Eight analysts have rated the stock with a hold rating, Liberty Property Trust currently has a consensus rating of “Hold” and an average price target of $53.83.
Liberty Property Trust (NYSE:LPT) last issued its quarterly earnings data on Tuesday, October 29th. The real estate investment trust reported $0.66 EPS for the quarter, topping the Zacks’ consensus estimate of $0.63 by $0.03. Liberty Property Trust had a return on equity of 5.79% and a net margin of 64.23%. The company had revenue of $163.20 million for the quarter, compared to analysts’ expectations of $163.43 million. During the same quarter in the previous year, the firm posted $0.69 earnings per share. The firm’s quarterly revenue was up 1.2% on a year-over-year basis. Equities analysts anticipate that Liberty Property Trust will post 2.54 EPS for the current year.
In related news, CAO Mary Beth Morrissey sold 2,741 shares of the firm’s stock in a transaction dated 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 in the company, valued at approximately $2,591,654.34. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 1.40% of the company’s stock.
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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