Quantbot Technologies LP Has $1.09 Million Stake in Liberty Property Trust (LPT)
Quantbot Technologies LP increased its holdings in Liberty Property Trust (NYSE:LPT) by 316.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,605 shares of the real estate investment trust’s stock after acquiring an additional 20,218 shares during the period. Quantbot Technologies LP’s holdings in Liberty Property Trust were worth $1,092,000 at the end of the most recent reporting period.
A number of other institutional investors have also made changes to their positions in LPT. Advisor Group Inc. lifted its stake in Liberty Property Trust by 3.9% in the 2nd quarter. Advisor Group Inc. now owns 2,585 shares of the real estate investment trust’s stock worth $105,000 after acquiring an additional 98 shares in the last quarter. Commonwealth Bank of Australia lifted its stake 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 in the last quarter. Gilbert & Cook Inc. purchased a new stake in Liberty Property Trust in the 2nd quarter worth about $203,000. Emerald Advisers Inc. PA purchased a new stake in Liberty Property Trust in the 3rd quarter worth about $208,000. Finally, Virtu KCG Holdings LLC purchased a new stake in Liberty Property Trust in the 2nd quarter worth about $212,000. 90.37% of the stock is owned by hedge funds and other institutional investors.
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Shares of Liberty Property Trust (LPT) traded up $0.16 during midday trading on Tuesday, hitting $44.52. The stock had a trading volume of 737,500 shares, compared to its average volume of 744,589. The firm has a market cap of $6,539.46, a price-to-earnings ratio of 19.12, a price-to-earnings-growth ratio of 2.89 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 fifty-two week low of $37.21 and a fifty-two week high of $45.08.
Liberty Property Trust (NYSE:LPT) last released its earnings results on Tuesday, October 24th. The real estate investment trust reported $0.40 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.63 by ($0.23). The business had revenue of $193.65 million during the quarter, compared to analyst estimates of $174.65 million. Liberty Property Trust had a net margin of 47.78% and a return on equity of 11.41%. The business’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same period last year, the business earned $0.66 EPS. analysts predict that Liberty Property Trust will post 2.55 earnings per share for the current year.
Liberty Property Trust announced that its board has initiated a share buyback plan 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 plans are often a sign that the company’s leadership believes its stock is undervalued.
Several equities research analysts recently issued reports on the company. ValuEngine raised Liberty Property Trust from a “hold” rating to a “buy” rating in a research note on Friday, November 10th. Zacks Investment Research raised Liberty Property Trust from a “hold” rating to a “buy” rating and set a $48.00 price objective for the company in a research note on Tuesday, September 5th. KeyCorp reissued a “hold” rating on shares of Liberty Property Trust in a research note on Tuesday, October 24th. Stifel Nicolaus increased their price objective on Liberty Property Trust from $44.00 to $46.00 and gave the stock a “buy” rating in a research note on Wednesday, October 25th. Finally, Sandler O’Neill raised Liberty Property Trust from a “sell” rating to a “hold” rating and set a $45.00 price objective for the company in a research note on Wednesday, October 25th. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $44.17.
Liberty Property Trust 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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