Shares of Liberty Property Trust (NYSE:LPT) fell 2.4% during trading on Friday . The company traded as low as $39.88 and last traded at $39.93, with a volume of 513,135 shares. The stock had previously closed at $40.90.

A number of brokerages recently commented on LPT. Citigroup Inc. raised their price target on Liberty Property Trust from $34.00 to $41.00 and gave the stock a “neutral” rating in a research note on Thursday, July 7th. Zacks Investment Research lowered Liberty Property Trust from a “buy” rating to a “hold” rating in a research note on Tuesday, June 21st. BMO Capital Markets reaffirmed a “hold” rating on shares of Liberty Property Trust in a research note on Thursday, April 28th. Stifel Nicolaus raised Liberty Property Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, April 27th. They noted that the move was a valuation call. Finally, TheStreet raised Liberty Property Trust from a “hold” rating to a “buy” rating in a research note on Wednesday, April 6th. Nine analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $36.50.

The company’s 50-day moving average is $38.77 and its 200 day moving average is $33.67. The stock has a market capitalization of $5.91 billion and a price-to-earnings ratio of 22.65.

Liberty Property Trust (NYSE:LPT) last released its earnings results on Tuesday, April 26th. The real estate investment trust reported $0.62 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $0.01. The company had revenue of $190.14 million for the quarter, compared to the consensus estimate of $195.65 million. During the same period in the prior year, the firm posted $0.70 EPS. The business’s revenue for the quarter was down 8.1% compared to the same quarter last year. On average, equities research analysts forecast that Liberty Property Trust will post $2.48 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, July 15th. Stockholders of record on Friday, July 1st will be given a dividend of $0.475 per share. This represents a $1.90 annualized dividend and a dividend yield of 4.71%. The ex-dividend date is Wednesday, June 29th.

Several institutional investors recently added to or reduced their stakes in LPT. Russell Frank Co increased its position in Liberty Property Trust by 7.4% in the fourth quarter. Russell Frank Co now owns 388,794 shares of the real estate investment trust’s stock valued at $12,230,000 after buying an additional 26,832 shares in the last quarter. Great West Life Assurance Co. Can increased its position in Liberty Property Trust by 0.9% in the fourth quarter. Great West Life Assurance Co. Can now owns 72,141 shares of the real estate investment trust’s stock valued at $2,241,000 after buying an additional 643 shares in the last quarter. Swiss National Bank increased its position in Liberty Property Trust by 1.6% in the fourth quarter. Swiss National Bank now owns 270,848 shares of the real estate investment trust’s stock valued at $8,410,000 after buying an additional 4,200 shares in the last quarter. Sei Investments Co. increased its position in Liberty Property Trust by 36.5% in the fourth quarter. Sei Investments Co. now owns 63,684 shares of the real estate investment trust’s stock valued at $1,977,000 after buying an additional 17,029 shares in the last quarter. Finally, Rhumbline Advisers increased its position in Liberty Property Trust by 1.4% in the fourth quarter. Rhumbline Advisers now owns 236,326 shares of the real estate investment trust’s stock valued at $7,338,000 after buying an additional 3,187 shares in the last quarter.

Liberty Property Trust (the Trust) is a self-administered and self-managed Maryland real estate investment trust. The Trust’s operations are conducted through its subsidiary, Liberty Property Limited Partnership (Operating Partnership or the Company), a Pennsylvania limited partnership. The Company provides leasing, property management, development and other tenant-related services for the properties under development and the properties in operation.

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