Meeder Asset Management Inc. raised its stake in Liberty Property Trust (NYSE:LPT) by 432.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,252 shares of the real estate investment trust’s stock after acquiring an additional 1,017 shares during the period. Meeder Asset Management Inc.’s holdings in Liberty Property Trust were worth $63,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. AlphaCrest Capital Management LLC acquired a new position in Liberty Property Trust in the first quarter valued at $606,000. Laurion Capital Management LP acquired a new position in Liberty Property Trust in the first quarter valued at $1,658,000. Pictet Asset Management Ltd. boosted its stake in Liberty Property Trust by 28.6% in the first quarter. Pictet Asset Management Ltd. now owns 106,150 shares of the real estate investment trust’s stock valued at $5,140,000 after acquiring an additional 23,600 shares in the last quarter. Stevens Capital Management LP boosted its stake in Liberty Property Trust by 133.1% in the first quarter. Stevens Capital Management LP now owns 30,811 shares of the real estate investment trust’s stock valued at $1,492,000 after acquiring an additional 17,594 shares in the last quarter. Finally, Exane Derivatives acquired a new position in Liberty Property Trust in the second quarter valued at $207,000. Institutional investors own 94.20% of the company’s stock.
LPT has been the subject of several research analyst reports. Wells Fargo & Co upped their price objective on shares of Liberty Property Trust from $55.00 to $57.00 and gave the company an “outperform” rating in a research note on Wednesday, August 21st. Goldman Sachs Group initiated coverage on shares of Liberty Property Trust in a research note on Wednesday, May 15th. They issued a “neutral” rating and a $49.00 price objective for the company. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Liberty Property Trust has an average rating of “Hold” and a consensus target price of $50.75.
Shares of NYSE:LPT opened at $51.27 on Wednesday. The company has a 50-day simple moving average of $51.67 and a 200-day simple moving average of $49.48. Liberty Property Trust has a one year low of $39.82 and a one year high of $53.39. The company has a debt-to-equity ratio of 0.91, a quick ratio of 2.27 and a current ratio of 2.27. The stock has a market capitalization of $7.61 billion, a price-to-earnings ratio of 23.30, a PEG ratio of 3.31 and a beta of 0.75.
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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