Standard Life Aberdeen plc Grows Holdings in Liberty Property Trust (LPT)

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Standard Life Aberdeen plc raised its stake in Liberty Property Trust (NYSE:LPT) by 14.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 20,195 shares of the real estate investment trust’s stock after buying an additional 2,593 shares during the quarter. Standard Life Aberdeen plc’s holdings in Liberty Property Trust were worth $845,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in LPT. Wells Fargo & Company MN lifted its position in Liberty Property Trust by 5.8% during the 3rd quarter. Wells Fargo & Company MN now owns 273,205 shares of the real estate investment trust’s stock worth $11,543,000 after acquiring an additional 14,893 shares during the period. Bessemer Group Inc. lifted its position in Liberty Property Trust by 723.5% during the 3rd quarter. Bessemer Group Inc. now owns 3,788 shares of the real estate investment trust’s stock worth $160,000 after acquiring an additional 3,328 shares during the period. SG Americas Securities LLC lifted its position in Liberty Property Trust by 84.5% during the 3rd quarter. SG Americas Securities LLC now owns 133,768 shares of the real estate investment trust’s stock worth $5,652,000 after acquiring an additional 61,274 shares during the period. Fort Washington Investment Advisors Inc. OH lifted its position in Liberty Property Trust by 29.2% during the 3rd quarter. Fort Washington Investment Advisors Inc. OH now owns 12,400 shares of the real estate investment trust’s stock worth $524,000 after acquiring an additional 2,800 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its position in Liberty Property Trust by 1.7% during the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 564,729 shares of the real estate investment trust’s stock worth $23,860,000 after acquiring an additional 9,300 shares during the period. Hedge funds and other institutional investors own 93.54% of the company’s stock.

Several equities analysts have recently issued reports on LPT shares. Zacks Investment Research raised Liberty Property Trust from a “sell” rating to a “hold” rating in a report on Monday, February 4th. ValuEngine raised Liberty Property Trust from a “hold” rating to a “buy” rating in a report on Wednesday, November 21st. Mitsubishi UFJ Financial Group cut Liberty Property Trust from an “overweight” rating to a “neutral” rating and decreased their price objective for the company from $47.00 to $42.00 in a report on Friday, January 4th. Finally, SunTrust Banks cut Liberty Property Trust from a “buy” rating to a “hold” rating in a report on Tuesday, January 15th. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Liberty Property Trust has an average rating of “Hold” and a consensus price target of $44.83.

In related news, Director David L. Lingerfelt sold 2,200 shares of the company’s stock in a transaction dated Thursday, February 7th. The stock was sold at an average price of $47.24, for a total value of $103,928.00. Following the completion of the transaction, the director now owns 50,915 shares of the company’s stock, valued at approximately $2,405,224.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Mary Beth Morrissey sold 6,237 shares of the company’s stock in a transaction dated Friday, February 1st. The stock was sold at an average price of $46.75, for a total value of $291,579.75. Following the completion of the transaction, 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 three months, insiders sold 36,063 shares of company stock valued at $1,700,007. Insiders own 1.20% of the company’s stock.

Shares of LPT stock opened at $48.59 on Friday. The stock has a market capitalization of $7.19 billion, a PE ratio of 22.09, a P/E/G ratio of 3.14 and a beta of 0.77. The company has a quick ratio of 2.68, a current ratio of 2.68 and a debt-to-equity ratio of 0.91. Liberty Property Trust has a 52-week low of $38.58 and a 52-week high of $49.08.

Liberty Property Trust (NYSE:LPT) last issued its quarterly earnings data on Tuesday, February 5th. The real estate investment trust reported $0.74 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate 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 return on equity of 4.81% and a net margin of 66.67%. The company’s revenue for the quarter was up 9.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.68 EPS. As a group, equities research analysts expect that Liberty Property Trust will post 2.58 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Monday, April 1st will be issued a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 3.38%. The ex-dividend date is Friday, March 29th. This is a boost from Liberty Property Trust’s previous quarterly dividend of $0.40. Liberty Property Trust’s payout ratio is 72.73%.

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Liberty Property Trust Company 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 industrial and office properties. Liberty's 103.5 million square foot operating portfolio provides productive work environments for 1,200 tenants.

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

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