Cipher Capital LP boosted its position in shares of Liberty Property Trust (NYSE:LPT) by 147.0% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 50,915 shares of the real estate investment trust’s stock after buying an additional 30,304 shares during the quarter. Cipher Capital LP’s holdings in Liberty Property Trust were worth $2,090,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Advisor Group Inc. grew its position in Liberty Property Trust by 3.9% during the second quarter. Advisor Group Inc. now owns 2,585 shares of the real estate investment trust’s stock valued at $105,000 after buying an additional 98 shares during the period. Commonwealth Bank of Australia grew its position in Liberty Property Trust by 4.8% during the second quarter. Commonwealth Bank of Australia now owns 3,119 shares of the real estate investment trust’s stock valued at $126,000 after buying an additional 143 shares during the period. Spectrum Management Group Inc. acquired a new stake in Liberty Property Trust during the third quarter valued at $168,000. Gilbert & Cook Inc. acquired a new stake in Liberty Property Trust during the second quarter valued at $203,000. Finally, Emerald Advisers Inc. PA acquired a new stake in Liberty Property Trust during the third quarter valued at $208,000. Institutional investors own 90.37% of the company’s stock.

Shares of Liberty Property Trust (LPT) traded up $0.16 during midday trading on Tuesday, hitting $44.52. 737,500 shares of the stock traded hands, compared to its average volume of 744,589. Liberty Property Trust has a 1-year low of $37.21 and a 1-year high of $45.08. The firm has a market capitalization of $6,539.46, a price-to-earnings ratio of 19.12, a price-to-earnings-growth ratio of 2.89 and a beta of 0.87. The company has a current ratio of 1.78, a quick ratio of 1.78 and a debt-to-equity ratio of 0.93.

Liberty Property Trust (NYSE:LPT) last announced its earnings results on Tuesday, October 24th. The real estate investment trust reported $0.40 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.63 by ($0.23). Liberty Property Trust had a net margin of 47.78% and a return on equity of 11.41%. The company had revenue of $193.65 million during the quarter, compared to analyst estimates of $174.65 million. During the same quarter last year, the business earned $0.66 EPS. The firm’s revenue for the quarter was up 1.5% compared to the same quarter last year. equities analysts expect that Liberty Property Trust will post 2.55 EPS for the current fiscal year.

Liberty Property Trust announced that its Board of Directors has initiated a stock buyback plan on Monday, October 2nd that authorizes the company to repurchase $250.00 million in outstanding shares. This repurchase authorization authorizes the real estate investment trust to reacquire shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

Several analysts recently commented on the stock. ValuEngine upgraded shares of Liberty Property Trust from a “hold” rating to a “buy” rating in a research report on Friday, November 10th. Zacks Investment Research upgraded shares of Liberty Property Trust from a “hold” rating to a “buy” rating and set a $48.00 price target on the stock in a research report on Tuesday, September 5th. KeyCorp restated a “hold” rating on shares of Liberty Property Trust in a research report on Tuesday, October 24th. Stifel Nicolaus raised their price target on shares of Liberty Property Trust from $44.00 to $46.00 and gave the company a “buy” rating in a research report on Wednesday, October 25th. Finally, Sandler O’Neill upgraded shares of Liberty Property Trust from a “sell” rating to a “hold” rating and set a $45.00 price target on the stock in a research report on Wednesday, October 25th. Six research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Liberty Property Trust currently has an average rating of “Hold” and a consensus price target of $44.17.

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Liberty Property Trust Profile

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).

Institutional Ownership by Quarter for Liberty Property Trust (NYSE:LPT)

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