Clean Yield Group raised its stake in shares of Liberty Property Trust (NYSE:LPT) by 0.8% during the second quarter, Holdings Channel reports. The firm owned 99,682 shares of the real estate investment trust’s stock after buying an additional 800 shares during the period. Liberty Property Trust makes up approximately 1.7% of Clean Yield Group’s holdings, making the stock its 16th largest position. Clean Yield Group’s holdings in Liberty Property Trust were worth $3,959,000 at the end of the most recent reporting period.
Several other institutional investors have also added to or reduced their stakes in LPT. Aviva PLC boosted its stake in Liberty Property Trust by 0.4% in the first quarter. Aviva PLC now owns 76,662 shares of the real estate investment trust’s stock valued at $2,565,000 after buying an additional 278 shares in the last quarter. USS Investment Management Ltd boosted its stake in Liberty Property Trust by 114.5% in the first quarter. USS Investment Management Ltd now owns 197,097 shares of the real estate investment trust’s stock valued at $6,592,000 after buying an additional 105,222 shares in the last quarter. NN Investment Partners Holdings N.V. purchased a new stake in Liberty Property Trust during the first quarter valued at $4,546,000. BlackRock Japan Co. Ltd boosted its stake in Liberty Property Trust by 0.5% in the first quarter. BlackRock Japan Co. Ltd now owns 208,735 shares of the real estate investment trust’s stock valued at $6,984,000 after buying an additional 1,072 shares in the last quarter. Finally, BlackRock Inc. boosted its stake in Liberty Property Trust by 6.9% in the first quarter. BlackRock Inc. now owns 328,401 shares of the real estate investment trust’s stock valued at $10,989,000 after buying an additional 21,334 shares in the last quarter. Institutional investors and hedge funds own 97.14% of the company’s stock.
Shares of Liberty Property Trust (NYSE:LPT) traded down 0.77% on Thursday, reaching $40.57. 534,500 shares of the company were exchanged. The stock’s 50-day moving average is $40.53 and its 200 day moving average is $37.83. The firm has a market capitalization of $5.95 billion, a PE ratio of 21.52 and a beta of 1.04. Liberty Property Trust has a 12-month low of $26.94 and a 12-month high of $42.26.
Liberty Property Trust (NYSE:LPT) last announced its quarterly earnings data on Tuesday, July 26th. The real estate investment trust reported $0.68 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.64 by $0.04. Liberty Property Trust had a return on equity of 9.36% and a net margin of 35.96%. The firm earned $186.65 million during the quarter, compared to the consensus estimate of $191.42 million. During the same quarter in the previous year, the company posted $0.67 earnings per share. The business’s revenue was down 8.3% on a year-over-year basis. On average, analysts forecast that Liberty Property Trust will post $2.35 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, October 17th. Stockholders of record on Monday, October 3rd will be paid a dividend of $0.475 per share. The ex-dividend date is Thursday, September 29th. This represents a $1.90 annualized dividend and a dividend yield of 4.68%. Liberty Property Trust’s dividend payout ratio (DPR) is presently 101.06%.
Several equities research analysts recently weighed in on the stock. Morgan Stanley reaffirmed an “equal weight” rating and set a $38.00 price objective on shares of Liberty Property Trust in a research report on Tuesday, September 6th. BTIG Research assumed coverage on shares of Liberty Property Trust in a research report on Thursday, August 25th. They set a “neutral” rating for the company. Zacks Investment Research cut shares of Liberty Property Trust from a “buy” rating to a “hold” rating in a research report on Tuesday, June 21st. Finally, Citigroup Inc. upped their price objective on shares of Liberty Property Trust from $34.00 to $41.00 and gave the stock a “neutral” rating in a research report on Thursday, July 7th. Ten investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $37.00.
About Liberty Property Trust
Liberty Property Trust is a real estate investment trust. The Company’s operations are primarily conducted by its subsidiary, Liberty Property Limited Partnership. Its segments include Carolinas; Chicago/Milwaukee; Houston, Lehigh/Central PA; Minnesota; Orlando; Philadelphia; Richmond/Hampton Roads; Southeastern PA; South Florida; Tampa; United Kingdom, and Other, which includes Arizona, Atlanta, Cincinnati/Columbus/Indianapolis, Dallas, Maryland, New Jersey, Northern Virginia, Southern California, Washington DC and other segments.
Want to see what other hedge funds are holding LPT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Liberty Property Trust (NYSE:LPT).
Receive News & Ratings for Liberty Property Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Liberty Property Trust and related companies with MarketBeat.com's FREE daily email newsletter.