State of Alaska Department of Revenue decreased its position in Liberty Property Trust (NYSE:LPT) by 44.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 40,914 shares of the real estate investment trust’s stock after selling 32,836 shares during the quarter. State of Alaska Department of Revenue’s holdings in Liberty Property Trust were worth $2,099,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the stock. 6 Meridian raised its holdings in Liberty Property Trust by 1.9% in the second quarter. 6 Meridian now owns 10,987 shares of the real estate investment trust’s stock valued at $550,000 after acquiring an additional 209 shares in the last quarter. WealthPLAN Partners LLC raised its holdings in Liberty Property Trust by 2.0% during the first quarter. WealthPLAN Partners LLC now owns 11,410 shares of the real estate investment trust’s stock worth $548,000 after purchasing an additional 220 shares in the last quarter. Independent Advisor Alliance raised its holdings in Liberty Property Trust by 4.6% during the second quarter. Independent Advisor Alliance now owns 5,012 shares of the real estate investment trust’s stock worth $251,000 after purchasing an additional 222 shares in the last quarter. Natixis Advisors L.P. raised its holdings in Liberty Property Trust by 1.3% during the second quarter. Natixis Advisors L.P. now owns 23,478 shares of the real estate investment trust’s stock worth $1,175,000 after purchasing an additional 302 shares in the last quarter. Finally, O Shares Investment Advisers LLC raised its holdings in Liberty Property Trust by 3.0% during the first quarter. O Shares Investment Advisers LLC now owns 11,508 shares of the real estate investment trust’s stock worth $557,000 after purchasing an additional 336 shares in the last quarter. 92.86% of the stock is currently owned by hedge funds and other institutional investors.

A number of analysts have weighed in on LPT shares. JPMorgan Chase & Co. raised their price objective on shares of Liberty Property Trust from $49.00 to $53.00 and gave the stock a “neutral” rating in a report on Thursday, September 12th. Wells Fargo & Co raised their price objective on shares of Liberty Property Trust from $55.00 to $57.00 and gave the stock an “outperform” rating in a report on Wednesday, August 21st. Morgan Stanley raised their price objective on shares of Liberty Property Trust from $49.00 to $54.00 and gave the stock an “equal weight” rating in a report on Monday. Finally, ValuEngine cut shares of Liberty Property Trust from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Seven research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $51.67.

In other news, CAO Mary Beth Morrissey sold 2,741 shares of Liberty Property Trust stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $51.26, for a total value of $140,503.66. Following the transaction, the chief accounting officer now directly owns 50,559 shares of the company’s stock, valued at approximately $2,591,654.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.40% of the company’s stock.

Shares of Liberty Property Trust stock traded down $0.17 during trading on Wednesday, reaching $51.04. The company’s stock had a trading volume of 1,303 shares, compared to its average volume of 873,092. The company has a 50-day moving average price of $51.36 and a two-hundred day moving average price of $50.18. The firm has a market cap of $7.60 billion, a PE ratio of 23.23, a P/E/G ratio of 3.31 and a beta of 0.75. Liberty Property Trust has a fifty-two week low of $39.82 and a fifty-two week high of $53.39. The company has a current ratio of 2.27, a quick ratio of 2.27 and a debt-to-equity ratio of 0.91.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 1st will be issued a $0.41 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 3.21%. Liberty Property Trust’s payout ratio is 74.55%.

About Liberty Property Trust

Liberty Property Trust 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 logistics, warehouse, manufacturing, and R&D facilities in key markets. Liberty's 108 million square foot operating portfolio provides productive work environments to 1,200 tenants.

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

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