Strs Ohio Sells 34,615 Shares of Liberty Property Trust (NYSE:LPT)
Strs Ohio cut its position in shares of Liberty Property Trust (NYSE:LPT) by 15.3% during the second quarter, Holdings Channel reports. The firm owned 191,703 shares of the real estate investment trust’s stock after selling 34,615 shares during the period. Strs Ohio’s holdings in Liberty Property Trust were worth $7,804,000 as of its most recent filing with the SEC.
Other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in Liberty Property Trust by 3.0% in the first quarter. Vanguard Group Inc. now owns 23,649,942 shares of the real estate investment trust’s stock worth $911,706,000 after buying an additional 695,589 shares during the period. BlackRock Inc. raised its stake in Liberty Property Trust by 1,913.0% in the first quarter. BlackRock Inc. now owns 19,225,871 shares of the real estate investment trust’s stock worth $741,156,000 after buying an additional 18,270,789 shares during the period. Morgan Stanley raised its stake in Liberty Property Trust by 5.1% in the first quarter. Morgan Stanley now owns 5,691,514 shares of the real estate investment trust’s stock worth $219,408,000 after buying an additional 276,677 shares during the period. PGGM Investments raised its stake in Liberty Property Trust by 2.4% in the second quarter. PGGM Investments now owns 2,858,000 shares of the real estate investment trust’s stock worth $116,349,000 after buying an additional 68,000 shares during the period. Finally, Principal Financial Group Inc. raised its stake in Liberty Property Trust by 10.7% in the first quarter. Principal Financial Group Inc. now owns 2,028,587 shares of the real estate investment trust’s stock worth $78,203,000 after buying an additional 196,871 shares during the period. 91.36% of the stock is owned by institutional investors.
Liberty Property Trust (NYSE:LPT) opened at 42.02 on Friday. The firm’s 50-day moving average price is $41.50 and its 200-day moving average price is $40.26. Liberty Property Trust has a 52-week low of $36.22 and a 52-week high of $42.80. The company has a market cap of $6.16 billion, a price-to-earnings ratio of 17.97 and a beta of 0.88.
Liberty Property Trust (NYSE:LPT) last released its quarterly earnings results on Tuesday, July 25th. The real estate investment trust reported $0.65 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.62 by $0.03. Liberty Property Trust had a return on equity of 11.37% and a net margin of 47.24%. The company had revenue of $183.13 million during the quarter, compared to analyst estimates of $175.60 million. During the same quarter last year, the business posted $0.68 earnings per share. The firm’s revenue was down 1.9% on a year-over-year basis. On average, equities analysts anticipate that Liberty Property Trust will post $1.24 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Saturday, July 15th. Shareholders of record on Monday, July 3rd were given a dividend of $0.40 per share. The ex-dividend date was Thursday, June 29th. This represents a $1.60 annualized dividend and a dividend yield of 3.81%. Liberty Property Trust’s dividend payout ratio (DPR) is presently 68.38%.
A number of equities research analysts have recently weighed in on LPT shares. BidaskClub lowered Liberty Property Trust from a “buy” rating to a “hold” rating in a research note on Wednesday, June 21st. Stifel Nicolaus reissued a “buy” rating and issued a $44.00 target price on shares of Liberty Property Trust in a research note on Thursday, July 6th. Finally, Zacks Investment Research raised Liberty Property Trust from a “hold” rating to a “buy” rating and set a $46.00 target price for the company in a research note on Wednesday, June 28th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company’s stock. Liberty Property Trust currently has a consensus rating of “Hold” and a consensus target price of $42.33.
About Liberty Property Trust
Liberty Property Trust (the Trust) is a self-administered and self-managed Maryland real estate investment trust (REIT). The Trust’s assets are owned directly or indirectly, and substantially all of the Trust’s operations are conducted directly or indirectly, by its subsidiary, Liberty Property Limited Partnership (the Operating Partnership).
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