Hartford Financial Management Inc. trimmed its holdings in shares of Liberty Property Trust (NYSE:LPT) by 1.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 22,987 shares of the real estate investment trust’s stock after selling 436 shares during the period. Hartford Financial Management Inc.’s holdings in Liberty Property Trust were worth $1,150,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in LPT. AlphaCrest Capital Management LLC purchased a new stake in shares of Liberty Property Trust during the first quarter worth $606,000. Laurion Capital Management LP purchased a new stake in shares of Liberty Property Trust during the first quarter worth $1,658,000. Pictet Asset Management Ltd. grew its holdings in shares of Liberty Property Trust by 28.6% during the first quarter. Pictet Asset Management Ltd. now owns 106,150 shares of the real estate investment trust’s stock worth $5,140,000 after buying an additional 23,600 shares in the last quarter. Stevens Capital Management LP grew its holdings in shares of Liberty Property Trust by 133.1% during the first quarter. Stevens Capital Management LP now owns 30,811 shares of the real estate investment trust’s stock worth $1,492,000 after buying an additional 17,594 shares in the last quarter. Finally, Exane Derivatives purchased a new stake in shares of Liberty Property Trust during the second quarter worth $207,000. Institutional investors and hedge funds own 91.87% of the company’s stock.
Shares of LPT opened at $51.54 on Wednesday. The company has a debt-to-equity ratio of 0.91, a current ratio of 2.27 and a quick ratio of 2.27. The stock has a market capitalization of $7.74 billion, a price-to-earnings ratio of 23.43, a P/E/G ratio of 3.36 and a beta of 0.75. The firm has a 50-day moving average price of $51.38. Liberty Property Trust has a 12-month low of $39.82 and a 12-month high of $53.39.
Separately, Goldman Sachs Group began coverage on shares of Liberty Property Trust in a report on Wednesday, May 15th. They issued a “neutral” rating and a $49.00 price objective for the company. Four analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $48.67.
In other Liberty Property Trust news, SVP Mary Beth Morrissey sold 4,321 shares of the stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $52.34, for a total transaction of $226,161.14. Following the completion of the transaction, the senior vice president now owns 53,300 shares of the company’s stock, valued at $2,789,722. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 1.40% of the company’s stock.
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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