Tower Research Capital LLC TRC boosted its stake in shares of Liberty Property Trust (NYSE:LPT) by 35.9% during the second quarter, Holdings Channel reports. The firm owned 2,736 shares of the real estate investment trust’s stock after buying an additional 723 shares during the period. Tower Research Capital LLC TRC’s holdings in Liberty Property Trust were worth $109,000 at the end of the most recent quarter.
Several other institutional investors have also recently modified their holdings of LPT. Baldwin Investment Management LLC purchased a new position in shares of Liberty Property Trust during the second quarter valued at about $209,000. Hancock Holding Co. purchased a new position in shares of Liberty Property Trust during the second quarter valued at about $225,000. Genesee Valley Trust Co. boosted its position in shares of Liberty Property Trust by 2.9% in the second quarter. Genesee Valley Trust Co. now owns 7,222 shares of the real estate investment trust’s stock valued at $287,000 after buying an additional 205 shares during the period. Oakbrook Investments LLC boosted its position in shares of Liberty Property Trust by 12.1% in the second quarter. Oakbrook Investments LLC now owns 7,402 shares of the real estate investment trust’s stock valued at $294,000 after buying an additional 800 shares during the period. Finally, Timber Hill LLC purchased a new position in shares of Liberty Property Trust during the second quarter valued at about $339,000. Institutional investors own 97.14% of the company’s stock.
Shares of Liberty Property Trust (NYSE:LPT) opened at 40.03 on Friday. The firm has a market cap of $5.87 billion, a PE ratio of 21.24 and a beta of 0.97. The stock has a 50 day moving average price of $40.21 and a 200 day moving average price of $38.30. 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 earnings results on Tuesday, July 26th. The real estate investment trust reported $0.68 EPS for the quarter, topping the consensus estimate of $0.64 by $0.04. The business had revenue of $186.65 million for the quarter, compared to the consensus estimate of $191.42 million. Liberty Property Trust had a return on equity of 9.36% and a net margin of 35.96%. Liberty Property Trust’s revenue was down 8.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.67 EPS. On average, equities research analysts expect that Liberty Property Trust will post $2.35 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 17th. Investors of record on Monday, October 3rd will be given a $0.475 dividend. This represents a $1.90 annualized dividend and a yield of 4.75%. The ex-dividend date of this dividend is Thursday, September 29th. Liberty Property Trust’s dividend payout ratio (DPR) is presently 101.06%.
LPT has been the topic of several research analyst reports. Zacks Investment Research upgraded Liberty Property Trust from a “hold” rating to a “buy” rating and set a $43.00 price target on the stock in a research report on Monday, June 20th. Morgan Stanley began coverage on Liberty Property Trust in a research note on Tuesday, September 6th. They set an “equal weight” rating and a $38.00 price objective for the company. BTIG Research began coverage on Liberty Property Trust in a research note on Thursday, August 25th. They set a “neutral” rating for the company. Citigroup Inc. raised their price objective on Liberty Property Trust from $34.00 to $41.00 and gave the stock a “neutral” rating in a research note on Thursday, July 7th. Finally, Capital One Financial Corp. raised Liberty Property Trust from an “equal weight” rating to an “overweight” rating and set a $41.00 price objective for the company in a research note on Tuesday, October 4th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $37.57.
Liberty Property Trust Company Profile
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.
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