Crossmark Global Holdings Inc. acquired a new position in Liberty Property Trust (NYSE:LPT) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 16,147 shares of the real estate investment trust’s stock, valued at approximately $663,000.
A number of other institutional investors and hedge funds have also recently bought and sold shares of LPT. Teachers Advisors LLC raised its holdings in Liberty Property Trust by 9.0% in the first quarter. Teachers Advisors LLC now owns 198,856 shares of the real estate investment trust’s stock worth $7,666,000 after purchasing an additional 16,494 shares in the last quarter. AQR Capital Management LLC raised its holdings in Liberty Property Trust by 70.4% in the first quarter. AQR Capital Management LLC now owns 120,208 shares of the real estate investment trust’s stock worth $4,635,000 after purchasing an additional 49,655 shares in the last quarter. Capstone Asset Management Co. raised its holdings in Liberty Property Trust by 4.4% in the second quarter. Capstone Asset Management Co. now owns 15,447 shares of the real estate investment trust’s stock worth $629,000 after purchasing an additional 650 shares in the last quarter. NN Investment Partners Holdings N.V. raised its holdings in Liberty Property Trust by 12.1% in the second quarter. NN Investment Partners Holdings N.V. now owns 7,881 shares of the real estate investment trust’s stock worth $320,000 after purchasing an additional 848 shares in the last quarter. Finally, Mn Services Vermogensbeheer B.V. raised its holdings in Liberty Property Trust by 508.8% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 23,864 shares of the real estate investment trust’s stock worth $972,000 after purchasing an additional 19,944 shares in the last quarter. Institutional investors and hedge funds own 91.39% of the company’s stock.
LPT has been the subject of a number of research reports. Zacks Investment Research upgraded Liberty Property Trust from a “hold” rating to a “buy” rating and set a $47.00 price objective for the company in a report on Thursday, August 24th. Sandler O’Neill upgraded Liberty Property Trust from a “sell” rating to a “hold” rating and set a $45.00 price objective for the company in a report on Wednesday, October 25th. Stifel Nicolaus reiterated a “buy” rating and issued a $44.00 price objective on shares of Liberty Property Trust in a report on Thursday, September 21st. Finally, KeyCorp reiterated a “hold” rating on shares of Liberty Property Trust in a report on Friday, August 25th. Six research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Liberty Property Trust currently has a consensus rating of “Hold” and a consensus target price of $44.17.
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Shares of Liberty Property Trust (NYSE:LPT) opened at $44.18 on Thursday. Liberty Property Trust has a 12 month low of $37.21 and a 12 month high of $45.08. The company has a market capitalization of $6,619.07, a price-to-earnings ratio of 19.35, a PEG 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 released its earnings results on Tuesday, October 24th. The real estate investment trust reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.23). Liberty Property Trust had a return on equity of 11.41% and a net margin of 47.78%. The company had revenue of $193.65 million during the quarter, compared to analysts’ expectations of $174.65 million. During the same period in the prior year, the company posted $0.66 earnings per share. The company’s revenue was up 1.5% on a year-over-year basis. equities research analysts anticipate that Liberty Property Trust will post 2.55 EPS for the current year.
Liberty Property Trust announced that its board 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 repurchase shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company’s management believes its stock is undervalued.
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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