Hartford Financial Management Inc. lessened its holdings in Liberty Property Trust (NYSE:LPT) by 10.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 38,164 shares of the real estate investment trust’s stock after selling 4,650 shares during the period. Hartford Financial Management Inc.’s holdings in Liberty Property Trust were worth $1,641,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Nisa Investment Advisors LLC raised its stake in Liberty Property Trust by 12.5% in the 4th quarter. Nisa Investment Advisors LLC now owns 55,930 shares of the real estate investment trust’s stock valued at $2,406,000 after acquiring an additional 6,200 shares during the period. DnB Asset Management AS acquired a new position in Liberty Property Trust in the 4th quarter valued at $508,000. Public Employees Retirement System of Ohio grew its holdings in Liberty Property Trust by 28.3% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 290,716 shares of the real estate investment trust’s stock valued at $11,937,000 after buying an additional 64,072 shares in the last quarter. GSA Capital Partners LLP grew its holdings in Liberty Property Trust by 239.7% in the 3rd quarter. GSA Capital Partners LLP now owns 21,576 shares of the real estate investment trust’s stock valued at $886,000 after buying an additional 15,225 shares in the last quarter. Finally, Fieldpoint Private Securities LLC acquired a new position in Liberty Property Trust in the 3rd quarter valued at $100,000. Institutional investors and hedge funds own 91.36% of the company’s stock.
A number of brokerages have commented on LPT. ValuEngine raised Liberty Property Trust from a “hold” rating to a “buy” rating in a report on Friday, November 10th. Morgan Stanley upped their price objective on Liberty Property Trust from $43.00 to $44.00 and gave the company an “equal weight” rating in a report on Friday, December 15th. JPMorgan Chase & Co. lowered Liberty Property Trust from a “neutral” rating to an “underweight” rating and set a $41.00 price objective on the stock. in a report on Friday, December 15th. Zacks Investment Research lowered Liberty Property Trust from a “hold” rating to a “sell” rating in a report on Wednesday, January 3rd. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $44.00 price objective on shares of Liberty Property Trust in a report on Thursday, September 21st. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $43.43.
Liberty Property Trust (NYSE:LPT) traded down $0.34 on Tuesday, hitting $40.72. The stock had a trading volume of 882,600 shares, compared to its average volume of 700,189. The firm has a market cap of $6,002.86, a price-to-earnings ratio of 17.18, a P/E/G ratio of 2.60 and a beta of 0.89. Liberty Property Trust has a 12 month low of $37.21 and a 12 month high of $45.40. 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 (NYSE:LPT) last released its earnings results on Tuesday, October 24th. The real estate investment trust reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate 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 business’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same period last year, the company posted $0.66 earnings per share. equities analysts anticipate that Liberty Property Trust will post 2.55 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Monday, January 15th. Stockholders of record on Tuesday, January 2nd were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 3.93%. The ex-dividend date was Friday, December 29th. Liberty Property Trust’s dividend payout ratio (DPR) is currently 67.51%.
Liberty Property Trust announced that its board has initiated a stock 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 generally an indication that the company’s board believes its stock is undervalued.
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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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