New York State Common Retirement Fund increased its holdings in shares of Liberty Property Trust (NYSE:LPT) by 1.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 322,300 shares of the real estate investment trust’s stock after purchasing an additional 5,499 shares during the quarter. New York State Common Retirement Fund owned 0.22% of Liberty Property Trust worth $13,121,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of LPT. UBS Asset Management Americas Inc. increased its position in shares of Liberty Property Trust by 13.7% during the 1st quarter. UBS Asset Management Americas Inc. now owns 774,906 shares of the real estate investment trust’s stock worth $29,873,000 after purchasing an additional 93,245 shares during the last quarter. TD Asset Management Inc. increased its position in shares of Liberty Property Trust by 8.4% during the 1st quarter. TD Asset Management Inc. now owns 8,997 shares of the real estate investment trust’s stock worth $347,000 after purchasing an additional 700 shares during the last quarter. 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. Stifel Financial Corp increased its position in shares of Liberty Property Trust by 8.0% during the 1st quarter. Stifel Financial Corp now owns 43,041 shares of the real estate investment trust’s stock worth $1,661,000 after purchasing an additional 3,195 shares during the last quarter. Finally, SG Americas Securities LLC increased its position in shares of Liberty Property Trust by 793.0% during the 1st quarter. SG Americas Securities LLC now owns 27,843 shares of the real estate investment trust’s stock worth $1,073,000 after purchasing an additional 24,725 shares during the last quarter. 91.65% of the stock is owned by hedge funds and other institutional investors.

LPT has been the subject of a number of recent analyst reports. Zacks Investment Research raised Liberty Property Trust from a “hold” rating to a “buy” rating and set a $47.00 price objective for the company in a research report on Thursday, August 24th. BidaskClub downgraded Liberty Property Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, June 21st. Stifel Nicolaus reaffirmed a “buy” rating and issued a $44.00 target price on shares of Liberty Property Trust in a research report on Thursday, July 6th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Liberty Property Trust in a research report on Friday, August 25th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company’s stock. Liberty Property Trust presently has a consensus rating of “Hold” and a consensus target price of $43.60.

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Liberty Property Trust (NYSE:LPT) opened at 41.49 on Friday. The stock has a 50 day moving average price of $42.10 and a 200 day moving average price of $41.21. 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 $6.11 billion, a PE ratio of 17.75 and a beta of 0.88.

Liberty Property Trust (NYSE:LPT) last posted its earnings results on Tuesday, July 25th. The real estate investment trust reported $0.65 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analyst estimates of $175.60 million. During the same quarter last year, the firm earned $0.68 earnings per share. The company’s revenue for the quarter was down 1.9% compared to the same quarter last year. On average, equities analysts predict that Liberty Property Trust will post $1.23 earnings per share for the current year.

Liberty Property Trust announced that its board has initiated a share repurchase plan on Monday, October 2nd that authorizes the company to repurchase $250.00 million in shares. This repurchase authorization authorizes the real estate investment trust to buy shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board believes its shares are undervalued.

The business also recently announced a quarterly dividend, which will be paid on Sunday, October 15th. Stockholders of record on Monday, October 2nd will be paid a $0.40 dividend. The ex-dividend date is Friday, September 29th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.86%. Liberty Property Trust’s dividend payout ratio (DPR) is currently 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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