Allianz Asset Management GmbH increased its position in shares of Liberty Property Trust (NYSE:LPT) by 59.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 112,316 shares of the real estate investment trust’s stock after acquiring an additional 41,885 shares during the period. Allianz Asset Management GmbH owned about 0.08% of Liberty Property Trust worth $4,612,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Advisor Group Inc. boosted its position in shares of Liberty Property Trust by 3.9% during 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 boosted its position 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 acquiring an additional 143 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Liberty Property Trust by 0.7% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 31,893 shares of the real estate investment trust’s stock worth $1,298,000 after acquiring an additional 213 shares in the last quarter. GAM Holding AG boosted its position in shares of Liberty Property Trust by 1.9% during the 2nd quarter. GAM Holding AG now owns 20,456 shares of the real estate investment trust’s stock worth $833,000 after acquiring an additional 381 shares in the last quarter. Finally, Aviva PLC boosted its position in shares of Liberty Property Trust by 0.4% during the 2nd quarter. Aviva PLC now owns 92,212 shares of the real estate investment trust’s stock worth $3,755,000 after acquiring an additional 410 shares in the last quarter. Institutional investors and hedge funds own 91.28% of the company’s stock.

In other news, Director David L. Lingerfelt sold 18,000 shares of Liberty Property Trust stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $44.56, for a total transaction of $802,080.00. Following the transaction, the director now owns 56,814 shares in the company, valued at $2,531,631.84. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 1.50% of the stock is currently owned by insiders.

LPT has been the topic of several 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 on the stock in a research report on Thursday, August 24th. Morgan Stanley raised their target price on shares of Liberty Property Trust from $43.00 to $44.00 and gave the company an “equal weight” rating in a research report on Friday, December 15th. Sandler O’Neill upgraded shares of Liberty Property Trust from a “sell” rating to a “hold” rating and set a $45.00 target price on the stock in a research report on Wednesday, October 25th. Stifel Nicolaus restated a “buy” rating and issued a $44.00 target price on shares of Liberty Property Trust in a research report on Thursday, September 21st. Finally, J P Morgan Chase & Co lowered shares of Liberty Property Trust from a “neutral” rating to an “underweight” rating and set a $41.00 target price on the stock. in a research report on Friday, December 15th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company. Liberty Property Trust presently has a consensus rating of “Hold” and a consensus target price of $43.75.

Liberty Property Trust (NYSE:LPT) opened at $42.90 on Thursday. The company has a market cap of $6,366.98, a price-to-earnings ratio of 18.62, a PEG ratio of 2.82 and a beta of 0.88. 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 $45.40.

Liberty Property Trust (NYSE:LPT) last issued its quarterly earnings results on Tuesday, October 24th. The real estate investment trust reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.23). The business had revenue of $193.65 million for the quarter, compared to analyst estimates of $174.65 million. Liberty Property Trust had a return on equity of 11.41% and a net margin of 47.78%. Liberty Property Trust’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.66 EPS. research analysts forecast that Liberty Property Trust will post 2.55 EPS for the current year.

Liberty Property Trust declared that its Board of Directors has authorized a share repurchase program on Monday, October 2nd that permits the company to buyback $250.00 million in shares. This buyback authorization permits the real estate investment trust to buy shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 15th. Stockholders of record on Tuesday, January 2nd will be issued a dividend of $0.40 per share. The ex-dividend date is Friday, December 29th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.73%. Liberty Property Trust’s dividend payout ratio (DPR) is presently 67.51%.

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About Liberty Property Trust

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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