Liberty Property Trust (LPT) Stake Maintained by Advisors Asset Management Inc.
Advisors Asset Management Inc. continued to hold its position in Liberty Property Trust (NYSE:LPT) during the second quarter, according to its most recent filing with the SEC. The firm owned 3,900 shares of the real estate investment trust’s stock at the end of the second quarter. Advisors Asset Management Inc.’s holdings in Liberty Property Trust were worth $155,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. State Street Corp boosted its position in Liberty Property Trust by 3.5% in the first quarter. State Street Corp now owns 7,844,501 shares of the real estate investment trust’s stock valued at $262,476,000 after buying an additional 268,863 shares in the last quarter. Bank of New York Mellon Corp boosted its position in Liberty Property Trust by 5.2% in the second quarter. Bank of New York Mellon Corp now owns 5,485,462 shares of the real estate investment trust’s stock valued at $217,884,000 after buying an additional 269,662 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in Liberty Property Trust by 4.9% in the first quarter. Goldman Sachs Group Inc. now owns 5,058,576 shares of the real estate investment trust’s stock valued at $169,261,000 after buying an additional 237,477 shares in the last quarter. Nuveen Asset Management LLC boosted its position in Liberty Property Trust by 4.7% in the first quarter. Nuveen Asset Management LLC now owns 4,551,846 shares of the real estate investment trust’s stock valued at $152,305,000 after buying an additional 204,715 shares in the last quarter. Finally, Royal Bank of Canada boosted its position in Liberty Property Trust by 5.6% in the first quarter. Royal Bank of Canada now owns 2,847,251 shares of the real estate investment trust’s stock valued at $95,269,000 after buying an additional 152,216 shares in the last quarter. 97.14% of the stock is owned by institutional investors and hedge funds.
Shares of Liberty Property Trust (NYSE:LPT) traded down 0.54% during trading on Friday, hitting $38.38. The stock had a trading volume of 197,068 shares. The stock has a market cap of $5.63 billion, a price-to-earnings ratio of 20.36 and a beta of 0.97. Liberty Property Trust has a one year low of $26.94 and a one year high of $42.26. The stock’s 50-day moving average price is $40.42 and its 200 day moving average price is $38.11.
Liberty Property Trust (NYSE:LPT) last posted its earnings results on Tuesday, July 26th. The real estate investment trust reported $0.68 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.64 by $0.04. The company had revenue of $186.65 million for the quarter, compared to analyst estimates of $191.42 million. Liberty Property Trust had a net margin of 35.96% and a return on equity of 9.36%. The business’s revenue for the quarter was down 8.3% compared to the same quarter last year. During the same period last year, the business posted $0.67 earnings per share. On average, equities analysts forecast that Liberty Property Trust will post $2.35 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 17th. Investors of record on Monday, October 3rd will be issued a dividend of $0.475 per share. The ex-dividend date of this dividend is Thursday, September 29th. This represents a $1.90 dividend on an annualized basis and a dividend yield of 4.92%. Liberty Property Trust’s payout ratio is 101.06%.
Several research analysts have recently issued reports on the company. Morgan Stanley assumed coverage on Liberty Property Trust in a research report on Tuesday, September 6th. They issued an “equal weight” rating and a $38.00 target price for the company. Zacks Investment Research cut Liberty Property Trust from a “hold” rating to a “sell” rating in a research report on Wednesday. Citigroup Inc. upped their target price on Liberty Property Trust from $34.00 to $41.00 and gave the company a “neutral” rating in a research report on Thursday, July 7th. Capital One Financial Corp. raised Liberty Property Trust from an “equal weight” rating to an “overweight” rating and set a $41.00 target price for the company in a research report on Tuesday. Finally, BTIG Research assumed coverage on Liberty Property Trust in a research report on Thursday, August 25th. They issued a “neutral” rating for the company. One analyst has rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company. Liberty Property Trust presently has a consensus rating of “Hold” and an average target price of $37.57.
Liberty Property Trust Company Profile
Liberty Property Trust is a real estate investment trust. The Company’s operations are primarily conducted by its subsidiary, Liberty Property Limited Partnership. Its segments include Carolinas; Chicago/Milwaukee; Houston, Lehigh/Central PA; Minnesota; Orlando; Philadelphia; Richmond/Hampton Roads; Southeastern PA; South Florida; Tampa; United Kingdom, and Other, which includes Arizona, Atlanta, Cincinnati/Columbus/Indianapolis, Dallas, Maryland, New Jersey, Northern Virginia, Southern California, Washington DC and other segments.
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