Liberty Property Trust (LPT) Holdings Lifted by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System raised its position in Liberty Property Trust (NYSE:LPT) by 1.0% in the first quarter, HoldingsChannel reports. The institutional investor owned 39,600 shares of the real estate investment trust’s stock after purchasing an additional 400 shares during the period. Louisiana State Employees Retirement System’s holdings in Liberty Property Trust were worth $1,917,000 as of its most recent filing with the SEC.

Several other hedge funds also recently added to or reduced their stakes in LPT. Cohen & Steers Inc. increased its stake in shares of Liberty Property Trust by 81.8% during the fourth quarter. Cohen & Steers Inc. now owns 6,274,563 shares of the real estate investment trust’s stock worth $262,779,000 after purchasing an additional 2,823,846 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC increased its stake in shares of Liberty Property Trust by 108.6% during the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 4,979,397 shares of the real estate investment trust’s stock worth $208,537,000 after purchasing an additional 2,592,559 shares in the last quarter. Oregon Public Employees Retirement Fund increased its stake in shares of Liberty Property Trust by 4,088.0% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 2,448,263 shares of the real estate investment trust’s stock worth $58,000 after purchasing an additional 2,389,804 shares in the last quarter. Deutsche Bank AG increased its stake in shares of Liberty Property Trust by 305.9% during the fourth quarter. Deutsche Bank AG now owns 2,061,811 shares of the real estate investment trust’s stock worth $86,343,000 after purchasing an additional 1,553,824 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Liberty Property Trust during the fourth quarter worth about $62,405,000. 94.18% of the stock is owned by institutional investors and hedge funds.

In related news, Director David L. Lingerfelt sold 2,200 shares of the company’s stock in a transaction dated Thursday, February 7th. The shares were sold at an average price of $47.24, for a total transaction of $103,928.00. Following the completion of the sale, the director now owns 50,915 shares of the company’s stock, valued at approximately $2,405,224.60. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CAO Mary Beth Morrissey sold 6,237 shares of the company’s stock in a transaction dated Friday, February 1st. The shares were sold at an average price of $46.75, for a total transaction of $291,579.75. Following the sale, the chief accounting officer now directly owns 60,698 shares of the company’s stock, valued at approximately $2,837,631.50. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 36,063 shares of company stock valued at $1,700,007. 1.20% of the stock is owned by corporate insiders.

A number of analysts have recently commented on the stock. SunTrust Banks cut shares of Liberty Property Trust from a “buy” rating to a “hold” rating in a research note on Tuesday, January 15th. Zacks Investment Research raised shares of Liberty Property Trust from a “sell” rating to a “hold” rating in a research note on Thursday, January 17th. Finally, Mitsubishi UFJ Financial Group cut shares of Liberty Property Trust from an “overweight” rating to a “neutral” rating and cut their target price for the stock from $47.00 to $42.00 in a research note on Friday, January 4th. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Liberty Property Trust has a consensus rating of “Hold” and a consensus target price of $46.17.

LPT stock opened at $49.14 on Tuesday. The stock has a market cap of $7.36 billion, a PE ratio of 22.34, a P/E/G ratio of 3.22 and a beta of 0.77. The company has a debt-to-equity ratio of 0.91, a current ratio of 2.68 and a quick ratio of 2.68. Liberty Property Trust has a 52 week low of $39.12 and a 52 week high of $49.77.

Liberty Property Trust (NYSE:LPT) last released its earnings results on Tuesday, February 5th. The real estate investment trust reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.11. The business had revenue of $124.90 million during the quarter, compared to analysts’ expectations of $123.19 million. Liberty Property Trust had a net margin of 66.67% and a return on equity of 4.81%. The company’s quarterly revenue was up 9.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.68 earnings per share. As a group, equities analysts anticipate that Liberty Property Trust will post 2.58 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Monday, April 1st were paid a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 3.34%. The ex-dividend date was Friday, March 29th. This is a boost from Liberty Property Trust’s previous quarterly dividend of $0.40. Liberty Property Trust’s dividend payout ratio is currently 74.55%.

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Liberty Property Trust Profile

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 superior logistics, warehouse, manufacturing, and R&D facilities in key markets. Liberty's 106 million square foot operating portfolio provides productive work environments to 1,200 tenants.

Read More: Hedge Funds – How They Work For Investors

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

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