Dai Ichi Life Insurance Company Ltd lowered its holdings in Liberty Property Trust (NYSE:LPT) by 6.7% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 18,608 shares of the real estate investment trust’s stock after selling 1,328 shares during the period. Dai Ichi Life Insurance Company Ltd’s holdings in Liberty Property Trust were worth $758,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of LPT. Shell Asset Management Co. boosted its holdings in Liberty Property Trust by 1.0% in the first quarter. Shell Asset Management Co. now owns 8,681 shares of the real estate investment trust’s stock valued at $335,000 after purchasing an additional 84 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in Liberty Property Trust by 3.0% in the first quarter. Wells Fargo & Company MN now owns 216,512 shares of the real estate investment trust’s stock valued at $8,347,000 after purchasing an additional 6,350 shares during the last quarter. Canada Pension Plan Investment Board boosted its holdings in Liberty Property Trust by 90.8% in the first quarter. Canada Pension Plan Investment Board now owns 29,200 shares of the real estate investment trust’s stock valued at $1,126,000 after purchasing an additional 13,900 shares during the last quarter. DekaBank Deutsche Girozentrale boosted its holdings in Liberty Property Trust by 119.5% in the first quarter. DekaBank Deutsche Girozentrale now owns 10,894 shares of the real estate investment trust’s stock valued at $436,000 after purchasing an additional 5,932 shares during the last quarter. Finally, Pictet Asset Management Ltd. boosted its holdings in Liberty Property Trust by 8.9% in the first quarter. Pictet Asset Management Ltd. now owns 63,703 shares of the real estate investment trust’s stock valued at $2,456,000 after purchasing an additional 5,200 shares during the last quarter. 91.67% of the stock is owned by hedge funds and other institutional investors.

LPT has been the subject of a number of analyst reports. 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 Thursday, August 24th. BidaskClub downgraded Liberty Property Trust from a “buy” rating to a “hold” rating in a report on Wednesday, June 21st. Stifel Nicolaus reissued a “buy” rating and issued a $44.00 price target on shares of Liberty Property Trust in a report on Thursday, July 6th. Finally, KeyCorp reissued a “hold” rating on shares of Liberty Property Trust in a report on Friday, August 25th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $43.60.

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Liberty Property Trust (NYSE:LPT) opened at 42.84 on Friday. The company has a market cap of $6.31 billion, a P/E ratio of 18.32 and a beta of 0.88. The firm’s 50-day moving average price is $42.05 and its 200-day moving average price is $40.90. Liberty Property Trust has a 12-month low of $36.22 and a 12-month high of $43.70.

Liberty Property Trust (NYSE:LPT) last released its earnings results on Tuesday, July 25th. The real estate investment trust reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.03. Liberty Property Trust had a return on equity of 11.37% and a net margin of 47.24%. The business had revenue of $183.13 million for the quarter, compared to the consensus estimate of $175.60 million. During the same period last year, the business earned $0.68 earnings per share. The firm’s revenue for the quarter was down 1.9% compared to the same quarter last year. Analysts expect that Liberty Property Trust will post $1.23 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Sunday, October 15th. Investors of record on Monday, October 2nd will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 3.73%. The ex-dividend date of this dividend is Friday, September 29th. Liberty Property Trust’s dividend payout ratio (DPR) is presently 68.38%.

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

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