First Trust Advisors LP trimmed its holdings in shares of Liberty Property Trust (NYSE:LPT) by 25.6% in the third quarter, Holdings Channel reports. The firm owned 136,140 shares of the real estate investment trust’s stock after selling 46,914 shares during the period. First Trust Advisors LP’s holdings in Liberty Property Trust were worth $5,752,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. First Quadrant L P CA increased its position in shares of Liberty Property Trust by 54.3% during the 3rd quarter. First Quadrant L P CA now owns 282,214 shares of the real estate investment trust’s stock worth $11,924,000 after purchasing an additional 99,324 shares during the last quarter. IFM Investors Pty Ltd increased its position in shares of Liberty Property Trust by 17.6% during the 3rd quarter. IFM Investors Pty Ltd now owns 9,314 shares of the real estate investment trust’s stock worth $394,000 after purchasing an additional 1,397 shares during the last quarter. Oakbrook Investments LLC increased its position in shares of Liberty Property Trust by 35.4% during the 3rd quarter. Oakbrook Investments LLC now owns 9,172 shares of the real estate investment trust’s stock worth $388,000 after purchasing an additional 2,400 shares during the last quarter. Bowling Portfolio Management LLC acquired a new stake in shares of Liberty Property Trust during the 3rd quarter worth about $1,450,000. Finally, Aperio Group LLC increased its position in shares of Liberty Property Trust by 3.4% during the 3rd quarter. Aperio Group LLC now owns 53,384 shares of the real estate investment trust’s stock worth $2,255,000 after purchasing an additional 1,746 shares during the last quarter. 90.24% of the stock is owned by hedge funds and other institutional investors.

LPT has been the subject of a number of recent analyst reports. Stifel Nicolaus raised their price objective on Liberty Property Trust from $44.00 to $46.00 and gave the stock a “buy” rating in a research report on Wednesday, July 25th. Sandler O’Neill set a $44.00 target price on Liberty Property Trust and gave the company a “hold” rating in a research report on Wednesday, July 25th. SunTrust Banks reaffirmed a “buy” rating and issued a $47.00 target price on shares of Liberty Property Trust in a research report on Wednesday, August 8th. Zacks Investment Research raised Liberty Property Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, August 8th. Finally, Mitsubishi UFJ Financial Group dropped their target price on Liberty Property Trust from $49.00 to $47.00 and set an “overweight” rating for the company in a research report on Wednesday, October 24th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Liberty Property Trust has an average rating of “Hold” and an average price target of $45.00.

NYSE LPT opened at $43.79 on Monday. The stock has a market capitalization of $6.47 billion, a price-to-earnings ratio of 16.91, a PEG ratio of 2.76 and a beta of 0.55. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.54 and a quick ratio of 1.54. Liberty Property Trust has a 1-year low of $37.77 and a 1-year high of $45.40.

Liberty Property Trust (NYSE:LPT) last released its earnings results on Tuesday, October 23rd. The real estate investment trust reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.36. The company had revenue of $121.51 million during the quarter, compared to the consensus estimate of $119.79 million. Liberty Property Trust had a return on equity of 6.68% and a net margin of 59.89%. Liberty Property Trust’s revenue was up 6.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.66 EPS. On average, sell-side analysts forecast that Liberty Property Trust will post 2.64 earnings per share for the current fiscal year.

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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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