Prudential Financial Inc. decreased its position in Liberty Property Trust (NYSE:LPT) by 1.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 650,942 shares of the real estate investment trust’s stock after selling 9,470 shares during the period. Prudential Financial Inc. owned approximately 0.44% of Liberty Property Trust worth $25,093,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of LPT. Zacks Investment Management increased its position in shares of Liberty Property Trust by 8.9% in the third quarter. Zacks Investment Management now owns 572,993 shares of the real estate investment trust’s stock worth $23,120,000 after buying an additional 46,657 shares in the last quarter. AMP Capital Investors Ltd increased its position in shares of Liberty Property Trust by 3.3% in the third quarter. AMP Capital Investors Ltd now owns 123,535 shares of the real estate investment trust’s stock worth $5,014,000 after buying an additional 3,900 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Liberty Property Trust by 63.8% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 31,776 shares of the real estate investment trust’s stock worth $1,282,000 after buying an additional 12,382 shares in the last quarter. Analytic Investors LLC bought a new position in shares of Liberty Property Trust during the third quarter worth approximately $3,151,000. Finally, Nuveen Fund Advisors LLC increased its position in shares of Liberty Property Trust by 24.1% in the third quarter. Nuveen Fund Advisors LLC now owns 7,897 shares of the real estate investment trust’s stock worth $319,000 after buying an additional 1,535 shares in the last quarter. Institutional investors own 95.35% of the company’s stock.

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

Liberty Property Trust (LPT) opened at 42.43 on Friday. The firm has a 50-day moving average price of $41.37 and a 200 day moving average price of $39.87. The stock has a market cap of $6.25 billion, a PE ratio of 18.22 and a beta of 0.90. Liberty Property Trust has a 52-week low of $36.22 and a 52-week high of $42.80.

Liberty Property Trust (NYSE:LPT) last released its earnings results on Tuesday, April 25th. The real estate investment trust reported $0.60 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.02. The firm had revenue of $175.40 million during the quarter, compared to analysts’ expectations of $177.25 million. Liberty Property Trust had a return on equity of 11.44% and a net margin of 46.77%. The company’s revenue was down 7.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.62 EPS. Equities analysts anticipate that Liberty Property Trust will post $1.26 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Saturday, July 15th. Shareholders of record on Monday, July 3rd will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 3.77%. The ex-dividend date of this dividend is Thursday, June 29th. Liberty Property Trust’s dividend payout ratio (DPR) is presently 68.67%.

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A number of equities analysts recently issued reports on LPT shares. BMO Capital Markets reaffirmed a “hold” rating and issued a $40.00 price target on shares of Liberty Property Trust in a report on Wednesday, March 22nd. Mitsubishi UFJ Financial Group reaffirmed an “overweight” rating on shares of Liberty Property Trust in a report on Thursday, March 30th. Finally, Stifel Nicolaus boosted their price objective on Liberty Property Trust from $42.00 to $44.00 and gave the company a “buy” rating in a research note on Wednesday, April 26th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $41.71.

In related news, Director Fredric J. Tomczyk acquired 5,000 shares of the firm’s stock in a transaction dated Monday, March 27th. The stock was bought at an average price of $38.85 per share, for a total transaction of $194,250.00. Following the acquisition, the director now directly owns 12,583 shares of the company’s stock, valued at $488,849.55. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.40% of the stock is currently owned by corporate insiders.

About Liberty Property Trust

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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