Teachers Insurance & Annuity Association of America cut its stake in shares of Liberty Property Trust (NYSE:LPT) by 1.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 152,307 shares of the real estate investment trust’s stock after selling 2,568 shares during the period. Teachers Insurance & Annuity Association of America owned 0.10% of Liberty Property Trust worth $5,871,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in the stock. Norges Bank purchased a new stake in shares of Liberty Property Trust during the fourth quarter valued at $53,077,000. Renaissance Technologies LLC increased its stake in shares of Liberty Property Trust by 652.7% in the fourth quarter. Renaissance Technologies LLC now owns 262,700 shares of the real estate investment trust’s stock valued at $10,377,000 after buying an additional 227,800 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Liberty Property Trust by 0.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,989,981 shares of the real estate investment trust’s stock valued at $78,602,000 after buying an additional 17,464 shares during the period. Profund Advisors LLC increased its stake in shares of Liberty Property Trust by 2.8% in the first quarter. Profund Advisors LLC now owns 24,685 shares of the real estate investment trust’s stock valued at $952,000 after buying an additional 681 shares during the period. Finally, Bank of Montreal Can increased its stake in shares of Liberty Property Trust by 407.4% in the first quarter. Bank of Montreal Can now owns 1,082,608 shares of the real estate investment trust’s stock valued at $41,734,000 after buying an additional 869,239 shares during the period. Institutional investors own 95.50% of the company’s stock.
Liberty Property Trust (NYSE LPT) traded down 1.23% during midday trading on Tuesday, hitting $41.70. 585,688 shares of the stock traded hands. Liberty Property Trust has a one year low of $36.22 and a one year high of $42.80. The stock has a market cap of $6.14 billion, a price-to-earnings ratio of 17.90 and a beta of 0.90. The company has a 50-day moving average price of $41.42 and a 200 day moving average price of $39.90.
Liberty Property Trust (NYSE:LPT) last issued its earnings results on Tuesday, April 25th. The real estate investment trust reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.02. Liberty Property Trust had a net margin of 46.77% and a return on equity of 11.44%. The business had revenue of $175.40 million during the quarter, compared to analysts’ expectations of $177.25 million. During the same quarter in the prior year, the business posted $0.62 EPS. The company’s revenue for the quarter was down 7.7% on a year-over-year basis. Equities research analysts anticipate that Liberty Property Trust will post $1.26 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Saturday, July 15th. Stockholders of record on Monday, July 3rd will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 3.84%. The ex-dividend date of this dividend is Thursday, June 29th. Liberty Property Trust’s payout ratio is 68.67%.
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LPT has been the subject of several recent analyst reports. Mitsubishi UFJ Financial Group restated an “overweight” rating on shares of Liberty Property Trust in a research note on Thursday, March 30th. Stifel Nicolaus lifted their price objective on shares of Liberty Property Trust from $42.00 to $44.00 and gave the stock a “buy” rating in a research note on Wednesday, April 26th. Finally, BMO Capital Markets reiterated a “hold” rating and set a $40.00 price objective on shares of Liberty Property Trust in a research note on Wednesday, March 22nd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company. Liberty Property Trust presently has an average rating of “Hold” and a consensus target price of $41.71.
In related news, Director Fredric J. Tomczyk bought 5,000 shares of the stock in a transaction dated Monday, March 27th. The stock was acquired at an average price of $38.85 per share, for a total transaction of $194,250.00. Following the acquisition, the director now owns 12,583 shares in the company, valued at approximately $488,849.55. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 1.40% of the company’s stock.
Liberty Property Trust Company Profile
Liberty Property Trust (the Trust) is a self-administered and self-managed Maryland real estate investment trust (REIT). The Trust’s assets are owned directly or indirectly, and substantially all of the Trust’s operations are conducted directly or indirectly, by its subsidiary, Liberty Property Limited Partnership (the Operating Partnership).
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