Accident Compensation Corp Acquires 1,500 Shares of Liberty Property Trust (LPT)
Accident Compensation Corp grew its holdings in shares of Liberty Property Trust (NYSE:LPT) by 3.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 48,215 shares of the real estate investment trust’s stock after purchasing an additional 1,500 shares during the quarter. Accident Compensation Corp’s holdings in Liberty Property Trust were worth $1,963,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also added to or reduced their stakes in LPT. Robecosam AG raised its holdings 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 valued at $103,000 after purchasing an additional 1,400 shares in the last quarter. Commonwealth Bank of Australia raised its holdings in Liberty Property Trust by 4.8% in the 2nd quarter. Commonwealth Bank of Australia now owns 3,119 shares of the real estate investment trust’s stock worth $126,000 after acquiring an additional 143 shares during the period. Gilbert & Cook Inc. bought a new position in Liberty Property Trust in the 2nd quarter worth $203,000. Envestnet Asset Management Inc. raised its holdings in Liberty Property Trust by 25.0% in the 1st quarter. Envestnet Asset Management Inc. now owns 5,736 shares of the real estate investment trust’s stock worth $223,000 after acquiring an additional 1,148 shares during the period. Finally, Laurion Capital Management LP bought a new position in Liberty Property Trust in the 1st quarter worth $239,000. Institutional investors and hedge funds own 91.67% of the company’s stock.
Shares of Liberty Property Trust (NYSE LPT) traded down 0.14% on Friday, reaching $42.84. 1,067,826 shares of the company traded hands. The stock has a 50 day moving average of $42.05 and a 200 day moving average of $40.90. Liberty Property Trust has a 52-week low of $36.22 and a 52-week high of $43.70. The stock has a market cap of $6.31 billion, a price-to-earnings ratio of 18.32 and a beta of 0.88.
Liberty Property Trust (NYSE:LPT) last posted its quarterly earnings results on Tuesday, July 25th. The real estate investment trust reported $0.65 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.62 by $0.03. Liberty Property Trust had a net margin of 47.24% and a return on equity of 11.37%. The firm had revenue of $183.13 million for the quarter, compared to analyst estimates of $175.60 million. During the same period in the prior year, the firm posted $0.68 earnings per share. The company’s quarterly revenue was down 1.9% compared to the same quarter last year. On average, analysts expect that Liberty Property Trust will post $1.23 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Sunday, October 15th. Shareholders of record on Monday, October 2nd will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 3.73%. The ex-dividend date is Friday, September 29th. Liberty Property Trust’s dividend payout ratio (DPR) is currently 68.38%.
Several research analysts recently commented on the stock. Zacks Investment Research upgraded shares of Liberty Property Trust from a “hold” rating to a “buy” rating and set a $48.00 target price on the stock in a report on Tuesday, September 5th. KeyCorp reiterated a “hold” rating on shares of Liberty Property Trust in a report on Friday, August 25th. Stifel Nicolaus reiterated a “buy” rating and issued a $44.00 target price on shares of Liberty Property Trust in a report on Thursday, July 6th. Finally, BidaskClub downgraded shares of Liberty Property Trust from a “buy” rating to a “hold” rating in a report on Wednesday, June 21st. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $43.60.
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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