Forward Management LLC maintained its position in shares of Liberty Property Trust (NYSE:LPT) during the second quarter, Holdings Channel reports. The firm owned 45,800 shares of the real estate investment trust’s stock at the end of the second quarter. Forward Management LLC’s holdings in Liberty Property Trust were worth $1,864,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Profund Advisors LLC boosted its position in shares of 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 worth $952,000 after buying an additional 681 shares during the last quarter. Bank of Montreal Can boosted its position in shares of 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 in the last quarter. State Treasurer State of Michigan boosted its position in shares of Liberty Property Trust by 1.7% in the second quarter. State Treasurer State of Michigan now owns 60,700 shares of the real estate investment trust’s stock valued at $2,471,000 after buying an additional 1,000 shares in the last quarter. First Citizens Bank & Trust Co. boosted its position in shares of 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 in the last quarter. Finally, NN Investment Partners Holdings N.V. boosted its position in shares of Liberty Property Trust by 12.1% in the second quarter. NN Investment Partners Holdings N.V. now owns 7,881 shares of the real estate investment trust’s stock valued at $320,000 after buying an additional 848 shares in the last quarter. Institutional investors and hedge funds own 91.52% of the company’s stock.

Liberty Property Trust (NYSE LPT) opened at 40.68 on Friday. The stock has a market cap of $5.99 billion, a price-to-earnings ratio of 17.40 and a beta of 0.88. Liberty Property Trust has a 12 month low of $36.22 and a 12 month high of $42.80. The firm’s 50-day moving average price is $41.37 and its 200 day moving average price is $40.32.

Liberty Property Trust (NYSE:LPT) last posted its quarterly earnings results on Tuesday, July 25th. The real estate investment trust reported $0.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business had revenue of $183.13 million for the quarter, compared to the consensus estimate of $175.60 million. During the same quarter in the prior year, the company earned $0.68 EPS. The business’s revenue was down 1.9% compared to the same quarter last year. On average, analysts anticipate 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. Stockholders of record on Monday, July 3rd were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.93%. The ex-dividend date was Thursday, June 29th. Liberty Property Trust’s payout ratio is 68.38%.

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

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