Liberty Property Trust (LPT) Shares Sold by JPMorgan Chase & Co.

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JPMorgan Chase & Co. decreased its holdings in Liberty Property Trust (NYSE:LPT) by 9.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,459,519 shares of the real estate investment trust’s stock after selling 245,488 shares during the period. JPMorgan Chase & Co.’s holdings in Liberty Property Trust were worth $119,090,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the business. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its stake in shares of Liberty Property Trust by 0.6% in the 4th quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 43,178 shares of the real estate investment trust’s stock worth $1,755,000 after buying an additional 257 shares during the last quarter. Princeton Capital Management LLC boosted its stake in shares of Liberty Property Trust by 37.5% in the 1st quarter. Princeton Capital Management LLC now owns 1,077 shares of the real estate investment trust’s stock worth $52,000 after buying an additional 294 shares during the last quarter. Louisiana State Employees Retirement System lifted its position in Liberty Property Trust by 1.0% during the first quarter. Louisiana State Employees Retirement System now owns 39,600 shares of the real estate investment trust’s stock valued at $1,917,000 after purchasing an additional 400 shares in the last quarter. Quadrant Capital Group LLC lifted its position in Liberty Property Trust by 74.1% during the first quarter. Quadrant Capital Group LLC now owns 940 shares of the real estate investment trust’s stock valued at $40,000 after purchasing an additional 400 shares in the last quarter. Finally, DNB Asset Management AS lifted its position in Liberty Property Trust by 3.1% during the first quarter. DNB Asset Management AS now owns 15,156 shares of the real estate investment trust’s stock valued at $734,000 after purchasing an additional 456 shares in the last quarter. 90.01% of the stock is owned by institutional investors and hedge funds.

In related news, CIO Michael T. Hagan sold 27,626 shares of Liberty Property Trust stock in a transaction on Wednesday, February 27th. The stock was sold at an average price of $47.22, for a total transaction of $1,304,499.72. Following the transaction, the executive now directly owns 194,052 shares in the company, valued at $9,163,135.44. 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 5,870 shares of Liberty Property Trust stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $49.97, for a total value of $293,323.90. Following the transaction, the chief accounting officer now owns 57,621 shares in the company, valued at $2,879,321.37. The disclosure for this sale can be found here. 1.40% of the stock is currently owned by insiders.

LPT has been the topic of several analyst reports. Zacks Investment Research upgraded Liberty Property Trust from a “hold” rating to a “buy” rating and set a $55.00 target price on the stock in a research report on Tuesday, April 9th. Goldman Sachs Group initiated coverage on Liberty Property Trust in a research report on Wednesday, May 15th. They set a “neutral” rating and a $49.00 target price on the stock. Seven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Liberty Property Trust presently has an average rating of “Hold” and a consensus price target of $46.57.

NYSE LPT opened at $48.38 on Friday. The firm has a market cap of $7.21 billion, a P/E ratio of 21.99, a P/E/G ratio of 3.14 and a beta of 0.77. The company has a current ratio of 2.77, a quick ratio of 2.77 and a debt-to-equity ratio of 0.92. Liberty Property Trust has a fifty-two week low of $39.82 and a fifty-two week high of $50.48.

Liberty Property Trust (NYSE:LPT) last released its earnings results on Tuesday, April 30th. The real estate investment trust reported $0.62 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.02. The company had revenue of $156.89 million for the quarter, compared to the consensus estimate of $126.10 million. Liberty Property Trust had a return on equity of 4.61% and a net margin of 57.53%. Liberty Property Trust’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.65 earnings per share. On average, equities research analysts anticipate that Liberty Property Trust will post 2.58 EPS for the current year.

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Liberty Property Trust Profile

Liberty Property Trust is a leader in commercial real estate, serving customers in the United States and United Kingdom, through the development, acquisition, ownership and management of superior logistics, warehouse, manufacturing, and R&D facilities in key markets. Liberty's 108 million square foot operating portfolio provides productive work environments to 1,200 tenants.

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

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