Liberty Property Trust (LPT) Shares Bought by Rhumbline Advisers

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Rhumbline Advisers lifted its position in Liberty Property Trust (NYSE:LPT) by 41.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 412,381 shares of the real estate investment trust’s stock after acquiring an additional 119,988 shares during the period. Rhumbline Advisers owned 0.28% of Liberty Property Trust worth $17,271,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently modified their holdings of the company. Hill Winds Capital LP acquired a new stake in shares of Liberty Property Trust in the fourth quarter worth approximately $7,957,000. Zimmer Partners LP lifted its position in Liberty Property Trust by 95.0% during the third quarter. Zimmer Partners LP now owns 487,500 shares of the real estate investment trust’s stock worth $20,597,000 after buying an additional 237,500 shares in the last quarter. SG Americas Securities LLC lifted its position in Liberty Property Trust by 84.5% during the third quarter. SG Americas Securities LLC now owns 133,768 shares of the real estate investment trust’s stock worth $5,652,000 after buying an additional 61,274 shares in the last quarter. Wells Fargo & Company MN lifted its position in Liberty Property Trust by 5.8% during the third quarter. Wells Fargo & Company MN now owns 273,205 shares of the real estate investment trust’s stock worth $11,543,000 after buying an additional 14,893 shares in the last quarter. Finally, Vanguard Group Inc lifted its position in Liberty Property Trust by 0.5% during the third quarter. Vanguard Group Inc now owns 21,713,904 shares of the real estate investment trust’s stock worth $917,412,000 after buying an additional 98,884 shares in the last quarter. 93.03% of the stock is currently owned by hedge funds and other institutional investors.

In other Liberty Property Trust news, Director David L. Lingerfelt sold 2,200 shares of Liberty Property Trust stock in a transaction on Thursday, February 7th. The stock was sold at an average price of $47.24, for a total value of $103,928.00. Following the sale, the director now owns 50,915 shares in the company, valued at $2,405,224.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Mary Beth Morrissey sold 6,843 shares of Liberty Property Trust stock in a transaction on Wednesday, December 12th. The shares were sold at an average price of $45.52, for a total value of $311,493.36. Following the completion of the sale, the chief accounting officer now owns 73,778 shares in the company, valued at approximately $3,358,374.56. The disclosure for this sale can be found here. 1.20% of the stock is owned by insiders.

Shares of Liberty Property Trust stock opened at $47.42 on Tuesday. Liberty Property Trust has a one year low of $38.49 and a one year high of $48.14. The company has a market cap of $7.03 billion, a P/E ratio of 21.55, a P/E/G ratio of 3.08 and a beta of 0.79. The company has a current ratio of 2.68, a quick ratio of 1.54 and a debt-to-equity ratio of 0.91.

Liberty Property Trust (NYSE:LPT) last announced its quarterly earnings data on Tuesday, February 5th. The real estate investment trust reported $0.74 EPS for the quarter, topping the Zacks’ consensus estimate of $0.63 by $0.11. Liberty Property Trust had a return on equity of 4.81% and a net margin of 66.67%. The firm had revenue of $124.90 million for the quarter, compared to the consensus estimate of $123.19 million. During the same quarter last year, the business posted $0.68 earnings per share. The firm’s revenue was up 9.2% compared to the same quarter last year. On average, research analysts predict that Liberty Property Trust will post 2.57 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 15th. Shareholders of record on Wednesday, January 2nd were given a $0.40 dividend. The ex-dividend date was Monday, December 31st. This represents a $1.60 dividend on an annualized basis and a yield of 3.37%. Liberty Property Trust’s dividend payout ratio is currently 72.73%.

A number of brokerages recently commented on LPT. SunTrust Banks downgraded Liberty Property Trust from a “buy” rating to a “hold” rating in a research report on Tuesday, January 15th. Zacks Investment Research upgraded Liberty Property Trust from a “sell” rating to a “hold” rating in a research report on Thursday, January 17th. ValuEngine downgraded Liberty Property Trust from a “buy” rating to a “hold” rating in a research report on Friday, November 2nd. Finally, Mitsubishi UFJ Financial Group downgraded Liberty Property Trust from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $47.00 to $42.00 in a research report on Friday, January 4th. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $44.83.

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About Liberty Property Trust

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.

See Also: Coverage Ratio

Institutional Ownership by Quarter for Liberty Property Trust (NYSE:LPT)

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