Liberty Property Trust (LPT) Position Decreased by Land & Buildings Investment Management LLC

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Land & Buildings Investment Management LLC cut its stake in shares of Liberty Property Trust (NYSE:LPT) by 53.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 403,193 shares of the real estate investment trust’s stock after selling 464,137 shares during the quarter. Liberty Property Trust accounts for approximately 4.7% of Land & Buildings Investment Management LLC’s holdings, making the stock its 9th biggest position. Land & Buildings Investment Management LLC owned approximately 0.27% of Liberty Property Trust worth $16,886,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc increased its position in shares of Liberty Property Trust by 0.5% in the third quarter. Vanguard Group Inc now owns 21,713,904 shares of the real estate investment trust’s stock valued at $917,412,000 after buying an additional 98,884 shares in the last quarter. BlackRock Inc. increased its position in shares of 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 valued at $857,491,000 after buying an additional 478,128 shares in the last quarter. Cohen & Steers Inc. increased its position in shares of Liberty Property Trust by 81.8% in the fourth quarter. Cohen & Steers Inc. now owns 6,274,563 shares of the real estate investment trust’s stock valued at $262,779,000 after buying an additional 2,823,846 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Liberty Property Trust by 22.3% in the third quarter. JPMorgan Chase & Co. now owns 3,276,931 shares of the real estate investment trust’s stock valued at $138,450,000 after buying an additional 597,054 shares in the last quarter. Finally, Principal Financial Group Inc. increased its position in shares of Liberty Property Trust by 100.9% in the fourth quarter. Principal Financial Group Inc. now owns 2,738,079 shares of the real estate investment trust’s stock valued at $114,672,000 after buying an additional 1,375,253 shares in the last quarter. 92.88% of the stock is owned by hedge funds and other institutional investors.

In other 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 transaction of $103,928.00. Following the completion of the sale, the director now owns 50,915 shares in the company, valued at approximately $2,405,224.60. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CIO Michael T. Hagan sold 27,626 shares of the stock in a transaction that occurred on Wednesday, February 27th. The shares were sold at an average price of $47.22, for a total value of $1,304,499.72. Following the sale, the executive now owns 194,052 shares of the company’s stock, valued at approximately $9,163,135.44. The disclosure for this sale can be found here. Insiders have sold 36,063 shares of company stock worth $1,700,007 over the last ninety days. 1.20% of the stock is owned by insiders.

Shares of NYSE LPT opened at $48.27 on Tuesday. Liberty Property Trust has a twelve month low of $38.58 and a twelve month high of $49.08. The company has a quick ratio of 2.68, a current ratio of 2.68 and a debt-to-equity ratio of 0.91. The company has a market capitalization of $7.19 billion, a PE ratio of 21.94, a PEG ratio of 3.14 and a beta of 0.77.

Liberty Property Trust (NYSE:LPT) last released 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 Zacks’ consensus estimate of $0.63 by $0.11. Liberty Property Trust had a return on equity of 4.81% and a net margin of 66.67%. The business had revenue of $124.90 million during the quarter, compared to analyst estimates of $123.19 million. During the same quarter in the previous year, the firm posted $0.68 EPS. The business’s revenue for the quarter was up 9.2% compared to the same quarter last year. On average, equities analysts forecast that Liberty Property Trust will post 2.58 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Monday, April 1st will be given a dividend of $0.41 per share. The ex-dividend date is Friday, March 29th. This is a positive change from Liberty Property Trust’s previous quarterly dividend of $0.40. This represents a $1.64 dividend on an annualized basis and a dividend yield of 3.40%. Liberty Property Trust’s payout ratio is 72.73%.

A number of brokerages have recently weighed in on LPT. Zacks Investment Research upgraded Liberty Property Trust from a “sell” rating to a “hold” rating in a research report on Tuesday, February 12th. SunTrust Banks cut Liberty Property Trust from a “buy” rating to a “hold” rating in a research report on Tuesday, January 15th. ValuEngine upgraded Liberty Property Trust from a “hold” rating to a “buy” rating in a research report on Wednesday, November 21st. Finally, Mitsubishi UFJ Financial Group cut Liberty Property Trust from an “overweight” rating to a “neutral” rating and dropped their price target for the company from $47.00 to $42.00 in a research report on Friday, January 4th. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Liberty Property Trust presently has a consensus rating of “Hold” and an average price target of $44.83.

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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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