MERIAN GLOBAL INVESTORS UK Ltd purchased a new stake in Liberty Property Trust (NYSE:LPT) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 22,900 shares of the real estate investment trust’s stock, valued at approximately $967,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in LPT. Flinton Capital Management LLC increased its position in shares of Liberty Property Trust by 5.5% during the second quarter. Flinton Capital Management LLC now owns 22,100 shares of the real estate investment trust’s stock worth $980,000 after buying an additional 1,156 shares during the period. Macquarie Group Ltd. increased its position in shares of Liberty Property Trust by 50.3% during the second quarter. Macquarie Group Ltd. now owns 261,654 shares of the real estate investment trust’s stock worth $11,599,000 after buying an additional 87,520 shares during the period. Raymond James Financial Services Advisors Inc. acquired a new stake in shares of Liberty Property Trust during the second quarter worth $1,655,000. Schwab Charles Investment Management Inc. increased its position in shares of Liberty Property Trust by 5.9% during the second quarter. Schwab Charles Investment Management Inc. now owns 1,765,863 shares of the real estate investment trust’s stock worth $78,281,000 after buying an additional 98,897 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in shares of Liberty Property Trust during the second quarter worth $1,768,000. Hedge funds and other institutional investors own 90.35% of the company’s stock.

NYSE:LPT opened at $40.23 on Tuesday. The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 0.91. The firm has a market capitalization of $6.00 billion, a price-to-earnings ratio of 15.53, a P/E/G ratio of 2.58 and a beta of 0.61. Liberty Property Trust has a 12 month low of $37.77 and a 12 month high of $45.40.

Liberty Property Trust (NYSE:LPT) last posted its quarterly earnings results on Tuesday, July 24th. The real estate investment trust reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.04. The business had revenue of $176.60 million during the quarter, compared to analysts’ expectations of $166.69 million. Liberty Property Trust had a net margin of 46.16% and a return on equity of 7.21%. During the same period last year, the company posted $0.65 earnings per share. As a group, research analysts anticipate that Liberty Property Trust will post 2.62 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, October 15th. Shareholders of record on Monday, October 1st were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 3.98%. The ex-dividend date of this dividend was Friday, September 28th. Liberty Property Trust’s payout ratio is 61.78%.

Several research firms have recently weighed in on LPT. SunTrust Banks reiterated a “buy” rating and set a $47.00 price objective on shares of Liberty Property Trust in a research report on Wednesday, August 8th. Zacks Investment Research upgraded shares of Liberty Property Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, August 8th. Stifel Nicolaus raised their price target on shares of Liberty Property Trust from $44.00 to $46.00 and gave the stock a “buy” rating in a report on Wednesday, July 25th. Finally, Sandler O’Neill set a $44.00 price target on shares of Liberty Property Trust and gave the stock a “hold” rating in a report on Wednesday, July 25th. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Liberty Property Trust has an average rating of “Hold” and an average target price of $44.67.

Liberty Property Trust Company Profile

Liberty Property Trust (NYSE:LPT) is a leader in commercial real estate, serving customers in the United States and United Kingdom, through the development, acquisition, ownership and management of superior industrial and office properties. Liberty's 103 million square foot operating portfolio provides productive work environments for 1,200 tenants.

See Also: Ex-Dividend

Institutional Ownership by Quarter for Liberty Property Trust (NYSE:LPT)

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