Wells Fargo & Company MN Buys 11,072 Shares of Liberty Property Trust (LPT)

Wells Fargo & Company MN grew its stake in shares of Liberty Property Trust (NYSE:LPT) by 4.5% in the second quarter, according to its most recent filing with the SEC. The fund owned 258,312 shares of the real estate investment trust’s stock after acquiring an additional 11,072 shares during the period. Wells Fargo & Company MN owned about 0.17% of Liberty Property Trust worth $11,450,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in LPT. Atria Investments LLC raised its stake in Liberty Property Trust by 20.0% during the 2nd quarter. Atria Investments LLC now owns 6,745 shares of the real estate investment trust’s stock valued at $299,000 after purchasing an additional 1,123 shares during the period. Louisiana State Employees Retirement System raised its stake in Liberty Property Trust by 3.1% during the 2nd quarter. Louisiana State Employees Retirement System now owns 39,900 shares of the real estate investment trust’s stock valued at $1,769,000 after purchasing an additional 1,200 shares during the period. Xact Kapitalforvaltning AB raised its stake in Liberty Property Trust by 1.5% during the 1st quarter. Xact Kapitalforvaltning AB now owns 82,878 shares of the real estate investment trust’s stock valued at $3,293,000 after purchasing an additional 1,219 shares during the period. Stifel Financial Corp raised its stake in Liberty Property Trust by 2.6% during the 1st quarter. Stifel Financial Corp now owns 48,116 shares of the real estate investment trust’s stock valued at $1,914,000 after purchasing an additional 1,230 shares during the period. Finally, Municipal Employees Retirement System of Michigan raised its stake in Liberty Property Trust by 2.9% during the 1st quarter. Municipal Employees Retirement System of Michigan now owns 45,820 shares of the real estate investment trust’s stock valued at $1,820,000 after purchasing an additional 1,270 shares during the period. Institutional investors own 91.34% of the company’s stock.

Shares of NYSE LPT traded down $0.59 during mid-day trading on Friday, reaching $42.93. The company had a trading volume of 1,691 shares, compared to its average volume of 627,044. Liberty Property Trust has a twelve month low of $37.77 and a twelve month high of $45.40. The company has a current ratio of 1.76, a quick ratio of 1.76 and a debt-to-equity ratio of 0.91. The company has a market capitalization of $6.41 billion, a PE ratio of 16.62, a price-to-earnings-growth ratio of 2.76 and a beta of 0.61.

Liberty Property Trust (NYSE:LPT) last posted its quarterly earnings results on Tuesday, July 24th. The real estate investment trust reported $0.69 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.65 by $0.04. Liberty Property Trust had a net margin of 46.16% and a return on equity of 7.21%. The business had revenue of $176.60 million for the quarter, compared to the consensus estimate of $166.69 million. During the same period in the prior year, the business posted $0.65 earnings per share. analysts predict that Liberty Property Trust will post 2.62 EPS for the current year.

Several brokerages have issued reports on LPT. ValuEngine downgraded shares of Liberty Property Trust from a “buy” rating to a “hold” rating in a research note on Thursday, May 17th. Zacks Investment Research raised shares of Liberty Property Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, August 8th. Stifel Nicolaus boosted their target price on shares of Liberty Property Trust from $44.00 to $46.00 and gave the company a “buy” rating in a research note on Wednesday, July 25th. JPMorgan Chase & Co. raised shares of Liberty Property Trust from an “underweight” rating to a “neutral” rating in a research note on Friday, June 15th. Finally, Morgan Stanley cut their target price on shares of Liberty Property Trust from $44.00 to $43.00 and set an “equal weight” rating on the stock in a research note on Thursday, June 14th. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $44.83.

Liberty Property Trust Company Profile

Liberty Property Trust (NYSE:LPT) 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 industrial and office properties. Liberty's 103 million square foot operating portfolio provides productive work environments for 1,200 tenants.

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

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