Andra AP fonden lessened its holdings in shares of Liberty Property Trust (NYSE:LPT) by 13.8% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 132,800 shares of the real estate investment trust’s stock after selling 21,200 shares during the quarter. Andra AP fonden owned approximately 0.09% of Liberty Property Trust worth $5,453,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors also recently modified their holdings of the company. Advisor Group Inc. boosted its position in shares of Liberty Property Trust by 3.9% during the second quarter. Advisor Group Inc. now owns 2,585 shares of the real estate investment trust’s stock valued at $105,000 after buying an additional 98 shares during the last quarter. Commonwealth Bank of Australia boosted its position in Liberty Property Trust by 4.8% in the second quarter. Commonwealth Bank of Australia now owns 3,119 shares of the real estate investment trust’s stock worth $126,000 after purchasing an additional 143 shares during the last quarter. Gilbert & Cook Inc. purchased a new position in Liberty Property Trust in the second quarter worth about $203,000. Emerald Advisers Inc. PA purchased a new position in Liberty Property Trust in the third quarter worth about $208,000. Finally, Virtu KCG Holdings LLC purchased a new position in Liberty Property Trust in the second quarter worth about $212,000. Hedge funds and other institutional investors own 91.39% of the company’s stock.
A number of research analysts have recently weighed in on the company. Stifel Nicolaus reaffirmed a “buy” rating and set a $44.00 price objective on shares of Liberty Property Trust in a research report on Thursday, September 21st. Sandler O’Neill raised Liberty Property Trust from a “sell” rating to a “hold” rating and set a $45.00 target price on the stock in a research note on Wednesday, October 25th. Zacks Investment Research downgraded Liberty Property Trust from a “buy” rating to a “hold” rating in a research note on Monday, August 21st. KeyCorp reaffirmed a “hold” rating on shares of Liberty Property Trust in a research note on Friday, August 25th. Finally, ValuEngine upgraded Liberty Property Trust from a “hold” rating to a “buy” rating in a report on Friday, November 10th. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $44.17.
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Shares of Liberty Property Trust (LPT) traded up $0.03 during trading hours on Wednesday, reaching $44.90. The company had a trading volume of 664,600 shares, compared to its average volume of 747,547. Liberty Property Trust has a 12 month low of $37.21 and a 12 month high of $45.08. The firm has a market cap of $6,614.65, a price-to-earnings ratio of 19.34, a P/E/G ratio of 2.93 and a beta of 0.87. The company has a quick ratio of 1.78, a current ratio of 1.78 and a debt-to-equity ratio of 0.93.
Liberty Property Trust (NYSE:LPT) last announced its earnings results on Tuesday, October 24th. The real estate investment trust reported $0.40 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.63 by ($0.23). The business had revenue of $193.65 million for the quarter, compared to analyst estimates of $174.65 million. Liberty Property Trust had a net margin of 47.78% and a return on equity of 11.41%. The company’s quarterly revenue was up 1.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.66 earnings per share. equities analysts predict that Liberty Property Trust will post 2.56 earnings per share for the current fiscal year.
Liberty Property Trust announced that its Board of Directors has approved a share repurchase program on Monday, October 2nd that authorizes the company to repurchase $250.00 million in outstanding shares. This repurchase authorization authorizes the real estate investment trust to buy shares of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s leadership believes its shares are undervalued.
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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