Liberty Property Trust (LPT) Stake Increased by Macquarie Group Ltd.
Macquarie Group Ltd. boosted its position in Liberty Property Trust (NYSE:LPT) by 1,026.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 423,656 shares of the real estate investment trust’s stock after buying an additional 386,056 shares during the period. Macquarie Group Ltd. owned about 0.29% of Liberty Property Trust worth $16,828,000 as of its most recent SEC filing.
A number of other institutional investors have also recently modified their holdings of the company. Tower Research Capital LLC TRC increased its position in Liberty Property Trust by 35.9% in the second quarter. Tower Research Capital LLC TRC now owns 2,736 shares of the real estate investment trust’s stock valued at $109,000 after buying an additional 723 shares in the last quarter. Fort Washington Investment Advisors Inc OH bought a new position in Liberty Property Trust during the second quarter valued at approximately $207,000. Baldwin Investment Management LLC bought a new position in Liberty Property Trust during the second quarter valued at approximately $209,000. Hancock Holding Co. bought a new position in Liberty Property Trust during the second quarter valued at approximately $225,000. Finally, Jane Street Group LLC bought a new position in Liberty Property Trust during the second quarter valued at approximately $233,000. Institutional investors and hedge funds own 97.89% of the company’s stock.
Liberty Property Trust (NYSE:LPT) traded up 0.54% during midday trading on Monday, reaching $39.10. 1,023,865 shares of the company traded hands. The firm has a 50-day moving average price of $39.01 and a 200-day moving average price of $39.33. Liberty Property Trust has a one year low of $26.94 and a one year high of $42.26. The firm has a market capitalization of $5.75 billion, a price-to-earnings ratio of 23.81 and a beta of 0.97.
Liberty Property Trust (NYSE:LPT) last posted its quarterly earnings data on Tuesday, October 25th. The real estate investment trust reported $0.66 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.66. The firm had revenue of $190.86 million for the quarter, compared to the consensus estimate of $188.30 million. Liberty Property Trust had a net margin of 31.51% and a return on equity of 8.17%. The business’s revenue for the quarter was down 4.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.67 EPS. Equities analysts predict that Liberty Property Trust will post $2.36 EPS for the current fiscal year.
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LPT has been the topic of several research reports. Zacks Investment Research upgraded shares of Liberty Property Trust from a “sell” rating to a “hold” rating in a report on Friday, October 28th. Morgan Stanley started coverage on shares of Liberty Property Trust in a research report on Tuesday, September 6th. They issued an “equal weight” rating and a $38.00 target price for the company. Capital One Financial Corp. raised shares of Liberty Property Trust from an “equal weight” rating to an “overweight” rating and set a $41.00 target price for the company in a research report on Tuesday, October 4th. Stifel Nicolaus raised shares of Liberty Property Trust from a “hold” rating to a “buy” rating and boosted their target price for the company from $40.00 to $44.00 in a research report on Wednesday, October 26th. They noted that the move was a valuation call. Finally, BTIG Research started coverage on shares of Liberty Property Trust in a research report on Thursday, August 25th. They issued a “neutral” rating for the company. Eight research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Liberty Property Trust currently has an average rating of “Hold” and an average price target of $38.38.
Liberty Property Trust Company Profile
Liberty Property Trust is a real estate investment trust. The Company’s operations are primarily conducted by its subsidiary, Liberty Property Limited Partnership. Its segments include Carolinas; Chicago/Milwaukee; Houston, Lehigh/Central PA; Minnesota; Orlando; Philadelphia; Richmond/Hampton Roads; Southeastern PA; South Florida; Tampa; United Kingdom, and Other, which includes Arizona, Atlanta, Cincinnati/Columbus/Indianapolis, Dallas, Maryland, New Jersey, Northern Virginia, Southern California, Washington DC and other segments.
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