Liberty Property Trust (NYSE:LPT) Shares Sold by Skandinaviska Enskilda Banken AB publ

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Skandinaviska Enskilda Banken AB publ trimmed its position in Liberty Property Trust (NYSE:LPT) by 2.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,600 shares of the real estate investment trust’s stock after selling 200 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Liberty Property Trust were worth $330,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently made changes to their positions in LPT. JPMorgan Chase & Co. boosted its stake in Liberty Property Trust by 109.1% in the second quarter. JPMorgan Chase & Co. now owns 5,143,315 shares of the real estate investment trust’s stock valued at $256,701,000 after acquiring an additional 2,683,796 shares in the last quarter. Centersquare Investment Management LLC raised its holdings in shares of Liberty Property Trust by 35.9% in the second quarter. Centersquare Investment Management LLC now owns 2,062,700 shares of the real estate investment trust’s stock worth $103,218,000 after buying an additional 544,384 shares during the last quarter. Commonwealth Bank of Australia raised its holdings in shares of Liberty Property Trust by 83.6% in the first quarter. Commonwealth Bank of Australia now owns 479,576 shares of the real estate investment trust’s stock worth $23,217,000 after buying an additional 218,310 shares during the last quarter. California Public Employees Retirement System raised its holdings in shares of Liberty Property Trust by 20.9% in the first quarter. California Public Employees Retirement System now owns 901,780 shares of the real estate investment trust’s stock worth $43,664,000 after buying an additional 155,837 shares during the last quarter. Finally, Andra AP fonden purchased a new position in shares of Liberty Property Trust in the first quarter worth $6,788,000. Institutional investors own 94.20% of the company’s stock.

A number of research firms have issued reports on LPT. 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 target for the company. Wells Fargo & Co raised their price target on shares of Liberty Property Trust from $55.00 to $57.00 and gave the stock an “outperform” rating in a report on Wednesday, August 21st. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $50.75.

In other Liberty Property Trust news, SVP Mary Beth Morrissey sold 4,321 shares of the firm’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $52.34, for a total value 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 transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 1.40% of the company’s stock.

Shares of NYSE LPT traded down $1.59 during midday trading on Friday, reaching $50.49. The company had a trading volume of 9,750,929 shares, compared to its average volume of 593,752. The business’s 50-day simple moving average is $51.84 and its 200 day simple moving average is $49.70. The stock has a market cap of $7.73 billion, a P/E ratio of 22.95, a P/E/G ratio of 3.36 and a beta of 0.76. Liberty Property Trust has a 1 year low of $39.82 and a 1 year high of $53.39. The company has a current ratio of 2.27, a quick ratio of 2.27 and a debt-to-equity ratio of 0.91.

About Liberty Property Trust

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.

Further Reading: Outstanding Shares

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

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