Liberty Property Trust (NYSE:LPT) Shares Purchased by Royal London Asset Management Ltd.

Royal London Asset Management Ltd. boosted its position in Liberty Property Trust (NYSE:LPT) by 4.2% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 60,429 shares of the real estate investment trust’s stock after purchasing an additional 2,449 shares during the quarter. Royal London Asset Management Ltd.’s holdings in Liberty Property Trust were worth $3,023,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. AlphaCrest Capital Management LLC acquired a new position in Liberty Property Trust in the 1st quarter valued at $606,000. Laurion Capital Management LP acquired a new position in Liberty Property Trust in the 1st quarter valued at $1,658,000. Pictet Asset Management Ltd. raised its stake in Liberty Property Trust by 28.6% in the 1st quarter. Pictet Asset Management Ltd. now owns 106,150 shares of the real estate investment trust’s stock valued at $5,140,000 after purchasing an additional 23,600 shares during the last quarter. Stevens Capital Management LP raised its stake in Liberty Property Trust by 133.1% in the 1st quarter. Stevens Capital Management LP now owns 30,811 shares of the real estate investment trust’s stock valued at $1,492,000 after purchasing an additional 17,594 shares during the last quarter. Finally, Exane Derivatives acquired a new position in Liberty Property Trust in the 2nd quarter valued at $207,000. 91.87% of the stock is owned by hedge funds and other institutional investors.

In other Liberty Property Trust news, SVP Mary Beth Morrissey sold 4,321 shares of the firm’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $52.34, for a total value of $226,161.14. Following the completion of the sale, the senior vice president now directly owns 53,300 shares of the company’s stock, valued at approximately $2,789,722. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.40% of the stock is owned by company insiders.

Separately, Goldman Sachs Group initiated coverage on 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. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Liberty Property Trust has an average rating of “Hold” and an average target price of $48.67.

Shares of LPT opened at $51.32 on Friday. Liberty Property Trust has a 52-week low of $39.82 and a 52-week high of $53.39. The company has a market capitalization of $7.65 billion, a PE ratio of 23.33, a price-to-earnings-growth ratio of 3.32 and a beta of 0.75. The stock has a fifty day simple moving average of $51.42 and a two-hundred day simple moving average of $49.24. The company has a quick ratio of 2.27, a current ratio of 2.27 and a debt-to-equity ratio of 0.91.

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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