Aperio Group LLC increased its stake in shares of Liberty Property Trust (NYSE:LPT) by 5.7% during the second quarter, Holdings Channel reports. The firm owned 51,373 shares of the real estate investment trust’s stock after buying an additional 2,786 shares during the period. Aperio Group LLC’s holdings in Liberty Property Trust were worth $2,091,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Profund Advisors LLC increased its position in Liberty Property Trust by 2.8% in the first quarter. Profund Advisors LLC now owns 24,685 shares of the real estate investment trust’s stock valued at $952,000 after buying an additional 681 shares during the period. Bank of Montreal Can increased its position in Liberty Property Trust by 407.4% in the first quarter. Bank of Montreal Can now owns 1,082,608 shares of the real estate investment trust’s stock valued at $41,734,000 after buying an additional 869,239 shares during the period. First Citizens Bank & Trust Co. increased its position in Liberty Property Trust by 14.0% in the first quarter. First Citizens Bank & Trust Co. now owns 10,831 shares of the real estate investment trust’s stock valued at $418,000 after buying an additional 1,327 shares during the period. Legal & General Group Plc increased its position in Liberty Property Trust by 8.3% in the first quarter. Legal & General Group Plc now owns 1,050,298 shares of the real estate investment trust’s stock valued at $40,488,000 after buying an additional 80,916 shares during the period. Finally, Morgan Stanley increased its position 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 valued at $219,408,000 after buying an additional 276,677 shares during the period. Hedge funds and other institutional investors own 91.52% of the company’s stock.

Shares of Liberty Property Trust (NYSE:LPT) traded down 1.11% during midday trading on Wednesday, reaching $40.84. The company had a trading volume of 218,497 shares. The company’s 50 day moving average price is $41.48 and its 200 day moving average price is $40.30. Liberty Property Trust has a 52-week low of $36.22 and a 52-week high of $42.80. The stock has a market capitalization of $5.99 billion, a PE ratio of 17.47 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 consensus estimate of $0.62 by $0.03. The company had revenue of $183.13 million for the quarter, compared to analyst estimates of $175.60 million. Liberty Property Trust had a return on equity of 11.37% and a net margin of 47.24%. The firm’s revenue was down 1.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.68 earnings per share. Equities research analysts expect that Liberty Property Trust will post $1.24 earnings per share for the current year.

The company also recently declared 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. This represents a $1.60 annualized dividend and a yield of 3.87%. The ex-dividend date was Thursday, June 29th. Liberty Property Trust’s dividend payout ratio (DPR) is 68.38%.

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A number of equities research analysts recently commented on LPT shares. Stifel Nicolaus reiterated a “buy” rating and issued a $44.00 target price on shares of Liberty Property Trust in a research report on Thursday, July 6th. Zacks Investment Research upgraded Liberty Property Trust from a “hold” rating to a “buy” rating and set a $46.00 target price on the stock in a research report on Wednesday, June 28th. Finally, BidaskClub lowered Liberty Property Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, June 21st. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target 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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Institutional Ownership by Quarter for Liberty Property Trust (NYSE:LPT)

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