Parametric Portfolio Associates LLC Has $10.60 Million Holdings in Liberty Property Trust (NYSE:LPT)

Parametric Portfolio Associates LLC boosted its position in Liberty Property Trust (NYSE:LPT) by 4.9% in the 1st quarter, Holdings Channel reports. The firm owned 218,898 shares of the real estate investment trust’s stock after buying an additional 10,267 shares during the quarter. Parametric Portfolio Associates LLC’s holdings in Liberty Property Trust were worth $10,599,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Northwood Liquid Management LP bought a new stake in Liberty Property Trust in the fourth quarter worth about $9,843,000. Laurion Capital Management LP bought a new stake in Liberty Property Trust in the first quarter worth about $1,658,000. BlackRock Inc. lifted its stake in Liberty Property Trust by 2.4% in the fourth quarter. BlackRock Inc. now owns 20,474,937 shares of the real estate investment trust’s stock worth $857,491,000 after purchasing an additional 478,128 shares during the last quarter. Stevens Capital Management LP lifted its stake in Liberty Property Trust by 133.1% in the first quarter. Stevens Capital Management LP now owns 30,811 shares of the real estate investment trust’s stock worth $1,492,000 after purchasing an additional 17,594 shares during the last quarter. Finally, Commonwealth Bank of Australia lifted its stake in Liberty Property Trust by 17,341.0% in the fourth quarter. Commonwealth Bank of Australia now owns 261,266 shares of the real estate investment trust’s stock worth $11,120,000 after purchasing an additional 259,768 shares during the last quarter. 92.61% of the stock is owned by institutional investors and hedge funds.

Several analysts have issued reports on the stock. Goldman Sachs Group assumed coverage on shares of Liberty Property Trust in a research note on Wednesday, May 15th. They issued a “neutral” rating and a $49.00 price objective for the company. Zacks Investment Research lowered shares of Liberty Property Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, April 10th. Seven investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $46.57.

Shares of NYSE:LPT opened at $50.17 on Friday. The company has a market cap of $7.36 billion, a PE ratio of 22.80, a P/E/G ratio of 3.20 and a beta of 0.76. Liberty Property Trust has a one year low of $39.82 and a one year high of $50.48. The company has a debt-to-equity ratio of 0.92, a quick ratio of 2.77 and a current ratio of 2.77.

Liberty Property Trust (NYSE:LPT) last issued its earnings results on Tuesday, April 30th. The real estate investment trust reported $0.62 EPS for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.02. The business had revenue of $156.89 million for the quarter, compared to analyst estimates of $126.10 million. Liberty Property Trust had a net margin of 57.53% and a return on equity of 4.61%. The company’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same period last year, the company posted $0.65 earnings per share. Sell-side analysts anticipate that Liberty Property Trust will post 2.59 earnings per share for the current year.

In other news, CAO Mary Beth Morrissey sold 5,870 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $49.97, for a total transaction of $293,323.90. Following the transaction, the chief accounting officer now directly owns 57,621 shares of the company’s stock, valued at $2,879,321.37. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.40% of the company’s stock.

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About Liberty Property Trust

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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