Liberty Property Trust (LPT) Position Lessened by Guyasuta Investment Advisors Inc.
Guyasuta Investment Advisors Inc. trimmed its holdings in shares of Liberty Property Trust (NYSE:LPT) by 6.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 53,945 shares of the real estate investment trust’s stock after selling 4,000 shares during the quarter. Guyasuta Investment Advisors Inc.’s holdings in Liberty Property Trust were worth $2,196,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. Robecosam AG increased its position in shares of Liberty Property Trust by 107.7% during the 1st quarter. Robecosam AG now owns 2,700 shares of the real estate investment trust’s stock worth $103,000 after purchasing an additional 1,400 shares during the last quarter. First Quadrant L P CA acquired a new stake in shares of Liberty Property Trust during the 1st quarter worth about $136,000. Mn Services Vermogensbeheer B.V. increased its position in shares of Liberty Property Trust by 5.5% during the 1st quarter. Mn Services Vermogensbeheer B.V. now owns 3,920 shares of the real estate investment trust’s stock worth $141,000 after purchasing an additional 206 shares during the last quarter. Gilbert & Cook Inc. acquired a new stake in shares of Liberty Property Trust during the 2nd quarter worth about $203,000. Finally, Envestnet Asset Management Inc. increased its position in shares of Liberty Property Trust by 25.0% during the 1st quarter. Envestnet Asset Management Inc. now owns 5,736 shares of the real estate investment trust’s stock worth $223,000 after purchasing an additional 1,148 shares during the last quarter. 91.67% of the stock is owned by hedge funds and other institutional investors.
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Liberty Property Trust (NYSE:LPT) traded up 0.38% during trading on Monday, reaching $42.76. The company’s stock had a trading volume of 432,313 shares. The company has a market capitalization of $6.30 billion, a P/E ratio of 18.29 and a beta of 0.88. The company’s 50-day moving average is $41.71 and its 200-day moving average is $40.66. Liberty Property Trust has a 1-year low of $36.22 and a 1-year high of $42.94.
Liberty Property Trust (NYSE:LPT) last announced its quarterly earnings results on Tuesday, July 25th. The real estate investment trust reported $0.65 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.62 by $0.03. The company had revenue of $183.13 million during the quarter, compared to analyst estimates of $175.60 million. Liberty Property Trust had a return on equity of 11.37% and a net margin of 47.24%. The firm’s revenue was down 1.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.68 earnings per share. Equities analysts anticipate that Liberty Property Trust will post $1.24 EPS for the current year.
LPT has been the subject of a number of recent analyst reports. BidaskClub downgraded Liberty Property Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, June 21st. Zacks Investment Research raised Liberty Property Trust from a “hold” rating to a “buy” rating and set a $46.00 price objective for the company in a research report on Wednesday, June 28th. Stifel Nicolaus reissued a “buy” rating and set a $44.00 price objective on shares of Liberty Property Trust in a research report on Thursday, July 6th. Finally, KeyCorp reissued a “hold” rating on shares of Liberty Property Trust in a research report on Friday, August 25th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company’s stock. Liberty Property Trust presently has a consensus rating of “Hold” and a consensus price target of $42.50.
Liberty Property Trust Company 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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