Teachers Insurance & Annuity Association of America lowered its stake in shares of Liberty Property Trust (NYSE:LPT) by 3.4% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 147,200 shares of the real estate investment trust’s stock after selling 5,107 shares during the period. Teachers Insurance & Annuity Association of America owned 0.10% of Liberty Property Trust worth $5,993,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Robecosam AG raised its stake 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 in the last quarter. Commonwealth Bank of Australia raised its stake in shares of Liberty Property Trust by 4.8% during the 2nd quarter. Commonwealth Bank of Australia now owns 3,119 shares of the real estate investment trust’s stock worth $126,000 after purchasing an additional 143 shares in the last quarter. Gilbert & Cook Inc. bought a new stake in shares of Liberty Property Trust during the 2nd quarter worth approximately $203,000. Envestnet Asset Management Inc. raised its stake 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 in the last quarter. Finally, Laurion Capital Management LP bought a new stake in shares of Liberty Property Trust during the 1st quarter worth approximately $239,000. Institutional investors own 91.65% of the company’s stock.

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LPT has been the topic of a number of analyst reports. Stifel Nicolaus reiterated a “buy” rating and set a $44.00 price objective on shares of Liberty Property Trust in a research note on Thursday, July 6th. Zacks Investment Research upgraded Liberty Property Trust from a “hold” rating to a “buy” rating and set a $46.00 price objective on the stock in a research note on Wednesday, June 28th. BidaskClub cut Liberty Property Trust from a “buy” rating to a “hold” rating in a research note on Wednesday, June 21st. Finally, KeyCorp reiterated a “hold” rating on shares of Liberty Property Trust in a research note on Friday, August 25th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $43.60.

Liberty Property Trust (NYSE:LPT) traded down 0.30% during midday trading on Tuesday, reaching $42.57. The company had a trading volume of 74,729 shares. The stock’s 50 day moving average is $42.08 and its 200 day moving average is $40.95. Liberty Property Trust has a 12-month low of $36.22 and a 12-month high of $43.70. The firm has a market capitalization of $6.27 billion, a price-to-earnings ratio of 18.21 and a beta of 0.88.

Liberty Property Trust (NYSE:LPT) last announced its earnings results on Tuesday, July 25th. The real estate investment trust reported $0.65 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.62 by $0.03. The company had revenue of $183.13 million for the quarter, compared to analysts’ expectations of $175.60 million. Liberty Property Trust had a return on equity of 11.37% and a net margin of 47.24%. Liberty Property Trust’s quarterly revenue was down 1.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.68 earnings per share. Equities research analysts expect that Liberty Property Trust will post $1.23 earnings per share for the current year.

The business 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. The ex-dividend date is Friday, September 29th. This represents a $1.60 annualized dividend and a dividend yield of 3.75%. Liberty Property Trust’s payout ratio is 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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