Great West Life Assurance Co. Can lowered its stake in shares of Liberty Property Trust (NYSE:LPT) by 13.2% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 223,767 shares of the real estate investment trust’s stock after selling 33,951 shares during the period. Great West Life Assurance Co. Can’s holdings in Liberty Property Trust were worth $9,924,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Daiwa Securities Group Inc. raised its position in shares of Liberty Property Trust by 19.4% during the 1st quarter. Daiwa Securities Group Inc. now owns 33,200 shares of the real estate investment trust’s stock worth $1,319,000 after purchasing an additional 5,400 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its position in shares of Liberty Property Trust by 5.1% during the 1st quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 42,415 shares of the real estate investment trust’s stock worth $1,685,000 after purchasing an additional 2,039 shares during the period. Comerica Bank raised its position in shares of Liberty Property Trust by 1.4% during the 1st quarter. Comerica Bank now owns 128,707 shares of the real estate investment trust’s stock worth $5,079,000 after purchasing an additional 1,832 shares during the period. Sumitomo Mitsui Trust Holdings Inc. raised its position in shares of Liberty Property Trust by 1.7% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 523,857 shares of the real estate investment trust’s stock worth $20,813,000 after purchasing an additional 8,961 shares during the period. Finally, Atria Investments LLC bought a new position in Liberty Property Trust in the 1st quarter worth approximately $223,000. Institutional investors and hedge funds own 91.34% of the company’s stock.

LPT has been the subject of a number of recent analyst reports. ValuEngine lowered Liberty Property Trust from a “buy” rating to a “hold” rating in a report on Thursday, May 17th. Morgan Stanley decreased their price objective on Liberty Property Trust from $44.00 to $43.00 and set an “equal weight” rating for the company in a report on Thursday, June 14th. JPMorgan Chase & Co. raised Liberty Property Trust from an “underweight” rating to a “neutral” rating in a report on Friday, June 15th. Stifel Nicolaus increased their price objective on Liberty Property Trust from $44.00 to $46.00 and gave the stock a “buy” rating in a report on Wednesday, July 25th. Finally, Sandler O’Neill set a $44.00 price objective on Liberty Property Trust and gave the stock a “hold” rating in a report on Wednesday, July 25th. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $44.83.

Shares of LPT stock opened at $43.52 on Friday. Liberty Property Trust has a 12-month low of $37.77 and a 12-month high of $45.40. The company has a market capitalization of $6.41 billion, a P/E ratio of 16.18, a price-to-earnings-growth ratio of 2.76 and a beta of 0.61. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.76 and a quick ratio of 1.76.

Liberty Property Trust (NYSE:LPT) last issued its quarterly earnings data on Tuesday, July 24th. The real estate investment trust reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.04. Liberty Property Trust had a return on equity of 7.21% and a net margin of 46.16%. The business had revenue of $176.60 million during the quarter, compared to analyst estimates of $166.69 million. During the same period in the prior year, the company posted $0.65 EPS. equities research analysts forecast that Liberty Property Trust will post 2.62 EPS for the current fiscal year.

About Liberty Property Trust

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 103 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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