Liberty Property Trust (LPT) Hits New 1-Year High at $46.95

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Liberty Property Trust (NYSE:LPT) hit a new 52-week high on Thursday . The company traded as high as $46.95 and last traded at $46.88, with a volume of 23364 shares changing hands. The stock had previously closed at $46.64.

A number of equities research analysts have weighed in on LPT shares. Zacks Investment Research raised Liberty Property Trust from a “sell” rating to a “hold” rating in a report on Friday, January 11th. ValuEngine raised Liberty Property Trust from a “hold” rating to a “buy” rating in a report on Wednesday, November 21st. Mitsubishi UFJ Financial Group reduced their target price on Liberty Property Trust from $49.00 to $47.00 and set an “overweight” rating on the stock in a report on Wednesday, October 24th. Finally, SunTrust Banks downgraded Liberty Property Trust from a “buy” rating to a “hold” rating in a report on Tuesday, January 15th. One research analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company’s stock. Liberty Property Trust presently has a consensus rating of “Hold” and an average target price of $44.83.

The firm has a market cap of $6.84 billion, a price-to-earnings ratio of 18.18, a price-to-earnings-growth ratio of 2.98 and a beta of 0.64. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.94.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 15th. Shareholders of record on Wednesday, January 2nd were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.40%. The ex-dividend date of this dividend was Monday, December 31st. Liberty Property Trust’s dividend payout ratio is presently 61.78%.

In other news, CAO Mary Beth Morrissey sold 6,843 shares of the stock in a transaction on Wednesday, December 12th. The stock was sold at an average price of $45.52, for a total value of $311,493.36. Following the completion of the transaction, the chief accounting officer now directly owns 73,778 shares in the company, valued at approximately $3,358,374.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.20% of the stock is currently owned by corporate insiders.

A number of large investors have recently made changes to their positions in the stock. Oppenheimer Asset Management Inc. raised its position in Liberty Property Trust by 90.5% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 19,314 shares of the real estate investment trust’s stock worth $809,000 after purchasing an additional 9,175 shares during the last quarter. Emerald Advisers LLC raised its position in Liberty Property Trust by 32.7% during the 4th quarter. Emerald Advisers LLC now owns 7,175 shares of the real estate investment trust’s stock worth $300,000 after purchasing an additional 1,770 shares during the last quarter. Oppenheimer & Co. Inc. raised its position in Liberty Property Trust by 9.8% during the 4th quarter. Oppenheimer & Co. Inc. now owns 39,100 shares of the real estate investment trust’s stock worth $1,638,000 after purchasing an additional 3,492 shares during the last quarter. Royal London Asset Management Ltd. raised its position in Liberty Property Trust by 9.1% during the 4th quarter. Royal London Asset Management Ltd. now owns 65,545 shares of the real estate investment trust’s stock worth $2,743,000 after purchasing an additional 5,458 shares during the last quarter. Finally, Arizona State Retirement System raised its position in Liberty Property Trust by 1.1% during the 4th quarter. Arizona State Retirement System now owns 106,097 shares of the real estate investment trust’s stock worth $4,443,000 after purchasing an additional 1,142 shares during the last quarter. 91.41% of the stock is owned by institutional investors and hedge funds.

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About Liberty Property Trust (NYSE:LPT)

Liberty Property Trust (NYSE:LPT) is a leader in commercial real estate, serving customers in the United States and United Kingdom, through the development, acquisition, ownership and management of industrial and office properties. Liberty's 103.5 million square foot operating portfolio provides productive work environments for 1,200 tenants.

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