Kempen Capital Management N.V. trimmed its stake in Liberty Property Trust (NYSE:LPT) by 7.0% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 68,993 shares of the real estate investment trust’s stock after selling 5,177 shares during the quarter. Kempen Capital Management N.V.’s holdings in Liberty Property Trust were worth $2,809,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in Liberty Property Trust by 3.0% in the first quarter. Vanguard Group Inc. now owns 23,649,942 shares of the real estate investment trust’s stock valued at $911,706,000 after purchasing an additional 695,589 shares in the last quarter. BlackRock Inc. grew its stake in Liberty Property Trust by 1,913.0% in the first quarter. BlackRock Inc. now owns 19,225,871 shares of the real estate investment trust’s stock valued at $741,156,000 after purchasing an additional 18,270,789 shares in the last quarter. Morgan Stanley grew its stake in Liberty Property Trust by 5.1% in the first quarter. Morgan Stanley now owns 5,691,514 shares of the real estate investment trust’s stock valued at $219,408,000 after purchasing an additional 276,677 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Liberty Property Trust by 21.0% in the second quarter. JPMorgan Chase & Co. now owns 3,736,798 shares of the real estate investment trust’s stock valued at $152,125,000 after purchasing an additional 649,069 shares in the last quarter. Finally, PGGM Investments grew its stake in Liberty Property Trust by 2.4% in the second quarter. PGGM Investments now owns 2,858,000 shares of the real estate investment trust’s stock valued at $116,349,000 after purchasing an additional 68,000 shares in the last quarter. Hedge funds and other institutional investors own 91.65% of the company’s stock.
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A number of research analysts have weighed in on the company. Zacks Investment Research upgraded Liberty Property Trust from a “hold” rating to a “buy” rating and set a $48.00 price target for the company in a research note on Tuesday, September 5th. KeyCorp restated a “hold” rating on shares of Liberty Property Trust in a research note on Friday, August 25th. Stifel Nicolaus restated a “buy” rating and issued a $44.00 price target on shares of Liberty Property Trust in a research note on Thursday, July 6th. Finally, BidaskClub downgraded Liberty Property Trust from a “buy” rating to a “hold” rating in a research note on Wednesday, June 21st. One analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company. Liberty Property Trust presently has a consensus rating of “Hold” and an average price target of $43.60.
Liberty Property Trust (NYSE LPT) traded down 0.30% on Monday, reaching $42.71. The company’s stock had a trading volume of 70,479 shares. The firm’s 50-day moving average price is $42.05 and its 200 day moving average price is $40.90. The company has a market cap of $6.29 billion, a P/E ratio of 18.27 and a beta of 0.88. Liberty Property Trust has a 52-week low of $36.22 and a 52-week high of $43.70.
Liberty Property Trust (NYSE:LPT) last issued its quarterly earnings data on Tuesday, July 25th. The real estate investment trust reported $0.65 EPS for the quarter, topping the consensus estimate of $0.62 by $0.03. The firm had revenue of $183.13 million during the quarter, compared to the consensus estimate of $175.60 million. Liberty Property Trust had a return on equity of 11.37% and a net margin of 47.24%. The company’s quarterly revenue was down 1.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.68 earnings per share. Equities analysts anticipate that Liberty Property Trust will post $1.23 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Sunday, October 15th. Stockholders of record on Monday, October 2nd will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 3.73%. The ex-dividend date of this dividend is Friday, September 29th. Liberty Property Trust’s dividend payout ratio (DPR) is presently 68.38%.
Liberty Property Trust Profile
Liberty Property Trust (the Trust) is a self-administered and self-managed Maryland real estate investment trust (REIT). The Trust’s assets are owned directly or indirectly, and substantially all of the Trust’s operations are conducted directly or indirectly, by its subsidiary, Liberty Property Limited Partnership (the Operating Partnership).
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