Liberty Property Trust (LPT) Holdings Trimmed by Dalton Greiner Hartman Maher & Co.

Dalton Greiner Hartman Maher & Co. lowered its holdings in shares of Liberty Property Trust (NYSE:LPT) by 11.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 182,439 shares of the real estate investment trust’s stock after selling 23,248 shares during the period. Dalton Greiner Hartman Maher & Co. owned approximately 0.12% of Liberty Property Trust worth $7,847,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Advisor Group Inc. raised its stake in shares of Liberty Property Trust by 3.9% in the 2nd quarter. Advisor Group Inc. now owns 2,585 shares of the real estate investment trust’s stock worth $105,000 after buying an additional 98 shares in the last quarter. Commonwealth Bank of Australia raised its stake in shares of Liberty Property Trust by 4.8% in the 2nd quarter. Commonwealth Bank of Australia now owns 3,119 shares of the real estate investment trust’s stock worth $126,000 after buying an additional 143 shares in the last quarter. Ameritas Investment Partners Inc. raised its stake in shares of Liberty Property Trust by 0.8% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 86,453 shares of the real estate investment trust’s stock worth $3,519,000 after buying an additional 722 shares in the last quarter. M&T Bank Corp raised its stake in shares of Liberty Property Trust by 6.8% in the 2nd quarter. M&T Bank Corp now owns 11,993 shares of the real estate investment trust’s stock worth $488,000 after buying an additional 765 shares in the last quarter. Finally, Stifel Financial Corp raised its stake in shares of Liberty Property Trust by 2.1% in the 2nd quarter. Stifel Financial Corp now owns 43,934 shares of the real estate investment trust’s stock worth $1,787,000 after buying an additional 893 shares in the last quarter. 91.28% of the stock is currently owned by hedge funds and other institutional investors.

LPT has been the topic of a number of research reports. KeyCorp reissued a “hold” rating on shares of Liberty Property Trust in a research note on Tuesday, October 24th. JPMorgan Chase & Co. downgraded Liberty Property Trust from a “neutral” rating to an “underweight” rating and set a $41.00 price objective on the stock. in a research note on Friday, December 15th. Sandler O’Neill raised Liberty Property Trust from a “sell” rating to a “hold” rating and set a $45.00 price objective on the stock in a research note on Wednesday, October 25th. Morgan Stanley reissued an “equal weight” rating and issued a $43.00 price objective on shares of Liberty Property Trust in a research note on Thursday, December 14th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $44.00 price objective on shares of Liberty Property Trust in a research note on Thursday, September 21st. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $43.43.

Shares of Liberty Property Trust (NYSE LPT) opened at $41.06 on Friday. The stock has a market capitalization of $6,175.34, a price-to-earnings ratio of 17.32, a PEG ratio of 2.67 and a beta of 0.89. The company has a current ratio of 1.78, a quick ratio of 1.78 and a debt-to-equity ratio of 0.93. Liberty Property Trust has a 52-week low of $37.21 and a 52-week high of $45.40.

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 analysts’ consensus estimates of $0.63 by ($0.23). The company had revenue of $193.65 million for the quarter, compared to analyst estimates of $174.65 million. Liberty Property Trust had a return on equity of 11.41% and a net margin of 47.78%. The firm’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same period last year, the firm earned $0.66 earnings per share. research analysts anticipate that Liberty Property Trust will post 2.55 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, January 15th. Stockholders of record on Tuesday, January 2nd will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.90%. The ex-dividend date of this dividend is Friday, December 29th. Liberty Property Trust’s dividend payout ratio (DPR) is presently 67.51%.

Liberty Property Trust announced that its Board of Directors has initiated a share repurchase program on Monday, October 2nd that authorizes the company to buyback $250.00 million in outstanding shares. This buyback authorization authorizes the real estate investment trust to repurchase shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.

In other news, Director David L. Lingerfelt sold 18,000 shares of the business’s stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $44.56, for a total transaction of $802,080.00. Following the sale, the director now directly owns 56,814 shares of the company’s stock, valued at $2,531,631.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.50% of the stock is owned by insiders.

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

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