Colony Capital Inc. Buys New Position in Liberty Property Trust (NYSE:LPT)

Colony Capital Inc. bought a new stake in Liberty Property Trust (NYSE:LPT) during the 4th quarter, Holdings Channel.com reports. The firm bought 64,000 shares of the real estate investment trust’s stock, valued at approximately $3,844,000. Liberty Property Trust comprises about 3.5% of Colony Capital Inc.’s portfolio, making the stock its 11th largest position.

A number of other hedge funds also recently made changes to their positions in the stock. Retirement Network acquired a new position in Liberty Property Trust in the fourth quarter valued at approximately $167,000. IndexIQ Advisors LLC acquired a new position in Liberty Property Trust in the fourth quarter valued at approximately $47,686,000. American International Group Inc. lifted its stake in Liberty Property Trust by 0.6% in the fourth quarter. American International Group Inc. now owns 304,455 shares of the real estate investment trust’s stock valued at $18,283,000 after buying an additional 1,826 shares during the period. Oregon Public Employees Retirement Fund lifted its stake in Liberty Property Trust by 64.6% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 100,377 shares of the real estate investment trust’s stock valued at $6,028,000 after buying an additional 39,399 shares during the period. Finally, Rhumbline Advisers lifted its stake in Liberty Property Trust by 2.5% in the fourth quarter. Rhumbline Advisers now owns 449,862 shares of the real estate investment trust’s stock valued at $27,014,000 after buying an additional 11,092 shares during the period. Institutional investors and hedge funds own 91.28% of the company’s stock.

Shares of LPT opened at $61.95 on Friday. Liberty Property Trust has a 52-week low of $46.03 and a 52-week high of $65.38. The company has a debt-to-equity ratio of 0.78, a quick ratio of 7.33 and a current ratio of 7.33. The business’s 50 day moving average price is $61.93 and its two-hundred day moving average price is $56.54. The firm has a market cap of $9.78 billion, a PE ratio of 21.81, a price-to-earnings-growth ratio of 3.86 and a beta of 0.81.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Thursday, January 2nd were paid a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 2.65%. The ex-dividend date of this dividend was Tuesday, December 31st. Liberty Property Trust’s dividend payout ratio (DPR) is presently 74.55%.

Several brokerages have issued reports on LPT. Wells Fargo & Co lowered Liberty Property Trust from an “outperform” rating to a “market perform” rating and boosted their price target for the company from $57.00 to $59.00 in a research note on Monday, November 4th. Zacks Investment Research raised Liberty Property Trust from a “sell” rating to a “hold” rating and set a $66.00 price target on the stock in a research note on Thursday, November 28th. Six equities research analysts have rated the stock with a hold rating, The stock currently has an average rating of “Hold” and a consensus target price of $56.20.

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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