APG Asset Management N.V. decreased its stake in shares of Liberty Property Trust (NYSE:LPT) by 22.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 85,844 shares of the real estate investment trust’s stock after selling 24,300 shares during the quarter. APG Asset Management N.V.’s holdings in Liberty Property Trust were worth $3,145,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds also recently made changes to their positions in the company. ERTS Wealth Advisors LLC acquired a new stake in Liberty Property Trust during the fourth quarter worth about $33,000. Meeder Asset Management Inc. acquired a new position in Liberty Property Trust in the 4th quarter valued at approximately $41,000. Fort L.P. acquired a new position in Liberty Property Trust in the 4th quarter valued at approximately $44,000. Laurel Wealth Advisors LLC bought a new stake in shares of Liberty Property Trust in the 4th quarter worth approximately $54,000. Finally, Private Capital Group LLC lifted its position in shares of Liberty Property Trust by 144.2% in the 4th quarter. Private Capital Group LLC now owns 1,292 shares of the real estate investment trust’s stock worth $55,000 after acquiring an additional 763 shares during the period. 94.13% of the stock is owned by institutional investors and hedge funds.
In other Liberty Property Trust news, Director David L. Lingerfelt sold 2,200 shares of the company’s stock in a transaction on Thursday, February 7th. The stock was sold at an average price of $47.24, for a total value of $103,928.00. Following the sale, the director now directly owns 50,915 shares in the company, valued at $2,405,224.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Mary Beth Morrissey sold 6,237 shares of the company’s stock in a transaction on Friday, February 1st. The shares were sold at an average price of $46.75, for a total value of $291,579.75. Following the completion of the sale, the chief accounting officer now owns 60,698 shares in the company, valued at $2,837,631.50. The disclosure for this sale can be found here. Insiders have sold a total of 36,063 shares of company stock valued at $1,700,007 in the last 90 days. 1.20% of the stock is owned by corporate insiders.
NYSE:LPT opened at $49.35 on Friday. Liberty Property Trust has a 12-month low of $38.72 and a 12-month high of $49.61. The company has a debt-to-equity ratio of 0.91, a current ratio of 2.68 and a quick ratio of 2.68. The stock has a market capitalization of $7.28 billion, a P/E ratio of 22.43, a price-to-earnings-growth ratio of 3.18 and a beta of 0.77.
Liberty Property Trust (NYSE:LPT) last announced its quarterly earnings results on Tuesday, February 5th. The real estate investment trust reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.11. The firm had revenue of $124.90 million during the quarter, compared to analysts’ expectations of $123.19 million. Liberty Property Trust had a net margin of 66.67% and a return on equity of 4.81%. During the same quarter last year, the company earned $0.68 earnings per share. The company’s revenue for the quarter was up 9.2% compared to the same quarter last year. Equities analysts predict that Liberty Property Trust will post 2.58 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Monday, April 1st will be issued a $0.41 dividend. The ex-dividend date of this dividend is Friday, March 29th. This is a boost from Liberty Property Trust’s previous quarterly dividend of $0.40. This represents a $1.64 dividend on an annualized basis and a dividend yield of 3.32%. Liberty Property Trust’s dividend payout ratio is presently 74.55%.
Several analysts have recently weighed in on LPT shares. Zacks Investment Research lowered Liberty Property Trust from a “hold” rating to a “sell” rating in a report on Wednesday, January 23rd. Mitsubishi UFJ Financial Group lowered Liberty Property Trust from an “overweight” rating to a “neutral” rating and cut their target price for the company from $47.00 to $42.00 in a research note on Friday, January 4th. Finally, SunTrust Banks cut Liberty Property Trust from a “buy” rating to a “hold” rating in a research report on Tuesday, January 15th. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $44.83.
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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 industrial and office properties. Liberty's 103.5 million square foot operating portfolio provides productive work environments for 1,200 tenants.
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