Aperio Group LLC Sells 2,015 Shares of Liberty Property Trust (LPT)
Aperio Group LLC decreased its position in Liberty Property Trust (NYSE:LPT) by 3.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 49,358 shares of the real estate investment trust’s stock after selling 2,015 shares during the quarter. Aperio Group LLC’s holdings in Liberty Property Trust were worth $2,027,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Balyasny Asset Management LLC grew its holdings in shares of Liberty Property Trust by 732.1% in the 2nd quarter. Balyasny Asset Management LLC now owns 749,540 shares of the real estate investment trust’s stock valued at $30,514,000 after acquiring an additional 659,467 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Liberty Property Trust by 21.0% during the second quarter. JPMorgan Chase & Co. now owns 3,736,798 shares of the real estate investment trust’s stock worth $152,125,000 after acquiring an additional 649,069 shares during the period. Renaissance Technologies LLC boosted its holdings in shares of Liberty Property Trust by 231.7% during the second quarter. Renaissance Technologies LLC now owns 571,800 shares of the real estate investment trust’s stock worth $23,278,000 after acquiring an additional 399,424 shares during the period. Systematic Financial Management LP boosted its holdings in shares of Liberty Property Trust by 87.7% during the second quarter. Systematic Financial Management LP now owns 515,620 shares of the real estate investment trust’s stock worth $20,991,000 after acquiring an additional 240,921 shares during the period. Finally, Candriam Luxembourg S.C.A. acquired a new stake in shares of Liberty Property Trust in the second quarter valued at approximately $7,720,000. 91.39% of the stock is currently owned by hedge funds and other institutional investors.
LPT has been the subject of a number of analyst reports. Zacks Investment Research upgraded shares of Liberty Property Trust from a “hold” rating to a “buy” rating and set a $47.00 price target for the company in a research report on Wednesday, August 16th. KeyCorp reiterated a “hold” rating on shares of Liberty Property Trust in a research report on Friday, August 25th. Finally, Stifel Nicolaus restated a “buy” rating and set a $44.00 price objective on shares of Liberty Property Trust in a research report on Thursday, September 21st. Six equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $44.17.
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Liberty Property Trust (LPT) opened at $44.87 on Tuesday. The stock has a market cap of $6,573.37, a price-to-earnings ratio of 19.22, a PEG ratio of 2.91 and a beta of 0.87. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.78 and a current ratio of 1.78. Liberty Property Trust has a 1-year low of $36.31 and a 1-year high of $45.08.
Liberty Property Trust (NYSE:LPT) last announced its quarterly earnings results on Tuesday, October 24th. The real estate investment trust reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.63 by ($0.23). Liberty Property Trust had a return on equity of 11.41% and a net margin of 47.78%. The company had revenue of $193.65 million for the quarter, compared to analyst estimates of $174.65 million. During the same quarter last year, the company posted $0.66 earnings per share. The firm’s quarterly revenue was up 1.5% on a year-over-year basis. research analysts predict that Liberty Property Trust will post 2.56 EPS for the current fiscal year.
Liberty Property Trust announced that its Board of Directors has authorized a stock repurchase program on Monday, October 2nd that allows the company to repurchase $250.00 million in outstanding shares. This repurchase authorization allows the real estate investment trust to reacquire shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.
The firm also recently disclosed a quarterly dividend, which was paid on Sunday, October 15th. Investors of record on Monday, October 2nd were paid a $0.40 dividend. The ex-dividend date was Friday, September 29th. This represents a $1.60 annualized dividend and a dividend yield of 3.57%. Liberty Property Trust’s dividend payout ratio is 67.51%.
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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