American International Group Inc. cut its position in shares of Liberty Property Trust (NYSE:LPT) by 3.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 294,992 shares of the real estate investment trust’s stock after selling 10,020 shares during the period. American International Group Inc. owned 0.20% of Liberty Property Trust worth $11,720,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. increased its stake in shares of Liberty Property Trust by 1.8% during the 4th quarter. BlackRock Inc. now owns 20,069,750 shares of the real estate investment trust’s stock worth $863,199,000 after purchasing an additional 358,983 shares during the last quarter. Westpac Banking Corp increased its stake in shares of Liberty Property Trust by 129.5% during the 4th quarter. Westpac Banking Corp now owns 319,738 shares of the real estate investment trust’s stock worth $13,752,000 after purchasing an additional 180,448 shares during the last quarter. Heitman Real Estate Securities LLC acquired a new position in shares of Liberty Property Trust during the 4th quarter worth about $34,580,000. Renaissance Technologies LLC increased its stake in shares of Liberty Property Trust by 55.3% during the 4th quarter. Renaissance Technologies LLC now owns 950,100 shares of the real estate investment trust’s stock worth $40,864,000 after purchasing an additional 338,200 shares during the last quarter. Finally, Martingale Asset Management L P increased its stake in shares of Liberty Property Trust by 14.2% during the 4th quarter. Martingale Asset Management L P now owns 356,888 shares of the real estate investment trust’s stock worth $15,351,000 after purchasing an additional 44,302 shares during the last quarter. Institutional investors own 91.93% of the company’s stock.

In related news, Director Frederick F. Buchholz sold 5,000 shares of the company’s stock in a transaction dated Thursday, April 26th. The shares were sold at an average price of $40.18, for a total value of $200,900.00. Following the transaction, the director now owns 64,044 shares in the company, valued at approximately $2,573,287.92. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 1.20% of the stock is currently owned by corporate insiders.

LPT has been the topic of several recent analyst reports. SunTrust Banks upgraded shares of Liberty Property Trust from a “hold” rating to a “buy” rating in a research note on Monday, January 22nd. Stifel Nicolaus restated a “buy” rating and set a $44.00 price objective on shares of Liberty Property Trust in a research note on Wednesday, February 7th. Finally, ValuEngine lowered shares of Liberty Property Trust from a “buy” rating to a “hold” rating in a research note on Thursday. Two analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $44.17.

Shares of Liberty Property Trust opened at $42.42 on Friday, according to MarketBeat. Liberty Property Trust has a 52 week low of $42.63 and a 52 week high of $43.02. The stock has a market capitalization of $6.32 billion, a P/E ratio of 16.38, a P/E/G ratio of 2.74 and a beta of 0.72. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 0.86.

Liberty Property Trust (NYSE:LPT) last announced its quarterly earnings results on Tuesday, April 24th. The real estate investment trust reported $0.95 EPS for the quarter, beating the Zacks’ consensus estimate of $0.62 by $0.33. Liberty Property Trust had a net margin of 49.95% and a return on equity of 8.55%. The business had revenue of $190.20 million for the quarter, compared to analyst estimates of $145.62 million. During the same quarter in the prior year, the business earned $0.60 EPS. Liberty Property Trust’s quarterly revenue was up 14.7% on a year-over-year basis. equities analysts expect that Liberty Property Trust will post 2.6 earnings per share for the current year.

Liberty Property Trust Profile

Liberty Property Trust (NYSE:LPT) is a leader in commercial real estate, serving customers in the United States and United Kingdom, through the development, acquisition, ownership and management of superior industrial and office properties. Liberty's 101 million square foot operating portfolio provides productive work environments for 1,200 tenants.

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

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