Public Employees Retirement Association of Colorado Sells 7 Shares of Liberty Property Trust (NYSE:LPT)

Public Employees Retirement Association of Colorado cut its position in Liberty Property Trust (NYSE:LPT) by 0.0% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 36,817 shares of the real estate investment trust’s stock after selling 7 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Liberty Property Trust were worth $1,499,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Teachers Advisors LLC boosted its position in shares of Liberty Property Trust by 16.5% in the fourth quarter. Teachers Advisors LLC now owns 182,362 shares of the real estate investment trust’s stock worth $7,203,000 after buying an additional 25,870 shares during the last quarter. Gulf International Bank UK Ltd boosted its position in shares of Liberty Property Trust by 1.4% in the first quarter. Gulf International Bank UK Ltd now owns 49,039 shares of the real estate investment trust’s stock worth $1,890,000 after buying an additional 700 shares during the last quarter. Bank of Montreal Can boosted its position in shares of Liberty Property Trust by 407.4% in the first quarter. Bank of Montreal Can now owns 1,082,608 shares of the real estate investment trust’s stock worth $41,734,000 after buying an additional 869,239 shares during the last quarter. Capstone Asset Management Co. boosted its position in shares of Liberty Property Trust by 1.3% in the first quarter. Capstone Asset Management Co. now owns 14,797 shares of the real estate investment trust’s stock worth $570,000 after buying an additional 190 shares during the last quarter. Finally, Louisiana State Employees Retirement System boosted its position in shares of Liberty Property Trust by 2.2% in the first quarter. Louisiana State Employees Retirement System now owns 37,100 shares of the real estate investment trust’s stock worth $1,430,000 after buying an additional 800 shares during the last quarter. 91.52% of the stock is owned by institutional investors and hedge funds.

Shares of Liberty Property Trust (LPT) opened at 40.73 on Friday. The firm has a market capitalization of $6.00 billion, a PE ratio of 17.42 and a beta of 0.88. Liberty Property Trust has a 12-month low of $36.22 and a 12-month high of $42.80. The company’s 50-day moving average price is $41.34 and its 200-day moving average price is $40.32.

Liberty Property Trust (NYSE:LPT) last posted its earnings results on Tuesday, July 25th. The real estate investment trust reported $0.65 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.62 by $0.03. Liberty Property Trust had a net margin of 47.24% and a return on equity of 11.37%. The company had revenue of $183.13 million for the quarter, compared to analyst estimates of $175.60 million. During the same quarter in the prior year, the business posted $0.68 EPS. The firm’s revenue was down 1.9% compared to the same quarter last year. Analysts anticipate that Liberty Property Trust will post $1.24 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Saturday, July 15th. Investors of record on Monday, July 3rd were issued a $0.40 dividend. The ex-dividend date was Thursday, June 29th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.93%. Liberty Property Trust’s dividend payout ratio is presently 68.38%.

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LPT has been the subject of a number of recent research reports. Stifel Nicolaus increased their target price on Liberty Property Trust from $42.00 to $44.00 and gave the stock a “buy” rating in a report on Wednesday, April 26th. BidaskClub cut Liberty Property Trust from a “buy” rating to a “hold” rating in a report on Wednesday, June 21st. Finally, Zacks Investment Research raised Liberty Property Trust from a “hold” rating to a “buy” rating and set a $46.00 target price for the company in a report on Wednesday, June 28th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company’s stock. Liberty Property Trust currently has a consensus rating of “Hold” and a consensus price target of $42.33.

About Liberty Property Trust

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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