Liberty Property Trust (LPT) Position Increased by State of Tennessee Treasury Department

State of Tennessee Treasury Department boosted its holdings in shares of Liberty Property Trust (NYSE:LPT) by 11.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 187,700 shares of the real estate investment trust’s stock after purchasing an additional 20,000 shares during the quarter. State of Tennessee Treasury Department owned about 0.13% of Liberty Property Trust worth $7,707,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in LPT. Balyasny Asset Management LLC boosted its stake in Liberty Property Trust by 732.1% during the 2nd quarter. Balyasny Asset Management LLC now owns 749,540 shares of the real estate investment trust’s stock valued at $30,514,000 after purchasing an additional 659,467 shares during the period. JPMorgan Chase & Co. boosted its stake in Liberty Property Trust by 21.0% during the 2nd 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 during the period. Renaissance Technologies LLC boosted its stake in Liberty Property Trust by 231.7% during the 2nd quarter. Renaissance Technologies LLC now owns 571,800 shares of the real estate investment trust’s stock valued at $23,278,000 after purchasing an additional 399,424 shares during the period. Canada Pension Plan Investment Board boosted its stake in Liberty Property Trust by 891.4% during the 3rd quarter. Canada Pension Plan Investment Board now owns 439,200 shares of the real estate investment trust’s stock valued at $18,034,000 after purchasing an additional 394,900 shares during the period. Finally, Systematic Financial Management LP boosted its stake in Liberty Property Trust by 87.7% during the 2nd quarter. Systematic Financial Management LP now owns 515,620 shares of the real estate investment trust’s stock valued at $20,991,000 after purchasing an additional 240,921 shares during the period. Hedge funds and other institutional investors own 91.76% of the company’s stock.

Several brokerages recently weighed in on LPT. ValuEngine upgraded Liberty Property Trust from a “hold” rating to a “buy” rating in a research note on Friday. Zacks Investment Research raised Liberty Property Trust from a “hold” rating to a “buy” rating and set a $47.00 price target for the company in a report on Wednesday, August 16th. Sandler O’Neill raised Liberty Property Trust from a “sell” rating to a “hold” rating and set a $45.00 price target for the company in a report on Wednesday, October 25th. Stifel Nicolaus upped their price target on Liberty Property Trust from $44.00 to $46.00 and gave the company a “buy” rating in a report on Wednesday, October 25th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Liberty Property Trust in a report on Tuesday, October 24th. Six investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $44.17.

Liberty Property Trust (NYSE LPT) opened at $44.59 on Friday. The company has a quick ratio of 2.15, a current ratio of 1.78 and a debt-to-equity ratio of 0.93. The company has a market capitalization of $6,573.37, a P/E ratio of 19.22, a price-to-earnings-growth ratio of 2.91 and a beta of 0.87. Liberty Property Trust has a twelve month low of $36.22 and a twelve month high of $44.89.

Liberty Property Trust (NYSE:LPT) last posted its quarterly earnings results on Tuesday, October 24th. The real estate investment trust reported $0.40 EPS for the quarter, missing the consensus estimate of $0.63 by ($0.23). The firm had revenue of $193.65 million during the quarter, compared to analyst estimates of $174.65 million. Liberty Property Trust had a net margin of 47.78% and a return on equity of 11.41%. The company’s revenue was up 1.5% on a year-over-year basis. During the same period last year, the company earned $0.66 EPS. equities research analysts expect that Liberty Property Trust will post 2.56 earnings per share for the current year.

Liberty Property Trust declared that its Board of Directors has initiated a share buyback program on Monday, October 2nd that authorizes the company to repurchase $250.00 million in shares. This repurchase authorization authorizes the real estate investment trust to purchase shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its stock is undervalued.

The business also recently announced a quarterly dividend, which was paid on Sunday, October 15th. Stockholders of record on Monday, October 2nd were issued a $0.40 dividend. The ex-dividend date was Friday, September 29th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.59%. Liberty Property Trust’s payout ratio is presently 67.51%.

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

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