Liberty Property Trust (LPT) Shares Bought by Flinton Capital Management LLC

Flinton Capital Management LLC lifted its stake in Liberty Property Trust (NYSE:LPT) by 70.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 15,708 shares of the real estate investment trust’s stock after purchasing an additional 6,494 shares during the period. Flinton Capital Management LLC’s holdings in Liberty Property Trust were worth $640,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the company. Royal Bank of Canada lifted its position in shares of Liberty Property Trust by 4.5% in the 2nd quarter. Royal Bank of Canada now owns 3,333,422 shares of the real estate investment trust’s stock worth $135,704,000 after purchasing an additional 142,553 shares during the period. HighTower Advisors LLC purchased a new position in Liberty Property Trust during the 2nd quarter valued at about $388,000. Balyasny Asset Management LLC lifted its position in Liberty Property Trust by 732.1% during the 2nd quarter. Balyasny Asset Management LLC now owns 749,540 shares of the real estate investment trust’s stock valued at $30,514,000 after acquiring an additional 659,467 shares during the period. QS Investors LLC lifted its position in Liberty Property Trust by 213.6% during the 2nd quarter. QS Investors LLC now owns 104,632 shares of the real estate investment trust’s stock valued at $4,260,000 after acquiring an additional 71,266 shares during the period. Finally, Stifel Financial Corp lifted its position in Liberty Property Trust by 2.1% during the 2nd quarter. Stifel Financial Corp now owns 43,934 shares of the real estate investment trust’s stock valued at $1,787,000 after acquiring an additional 893 shares during the period. 91.65% of the stock is owned by hedge funds and other institutional investors.

LPT has been the subject of a number of recent research reports. BidaskClub cut shares of Liberty Property Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, June 21st. Stifel Nicolaus reissued a “buy” rating and set a $44.00 price target on shares of Liberty Property Trust in a research report on Thursday, July 6th. Zacks Investment Research raised shares of Liberty Property Trust from a “hold” rating to a “buy” rating and set a $47.00 price target for the company in a research report on Wednesday, August 16th. Finally, KeyCorp reissued a “hold” rating on shares of Liberty Property Trust in a research report on Friday, August 25th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $43.60.

Liberty Property Trust (LPT) opened at 41.55 on Tuesday. The stock has a market capitalization of $6.12 billion, a PE ratio of 17.77 and a beta of 0.88. The company’s 50-day moving average is $42.11 and its 200-day moving average is $41.30. Liberty Property Trust has a 12 month low of $36.22 and a 12 month high of $43.70.

Liberty Property Trust (NYSE:LPT) last released its quarterly earnings data on Tuesday, July 25th. The real estate investment trust reported $0.65 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.62 by $0.03. Liberty Property Trust had a net margin of 47.24% and a return on equity of 11.37%. The company had revenue of $183.13 million during the quarter, compared to analyst estimates of $175.60 million. During the same period in the prior year, the firm earned $0.68 earnings per share. The firm’s revenue for the quarter was down 1.9% compared to the same quarter last year. Equities research analysts forecast that Liberty Property Trust will post $1.23 EPS for the current year.

Liberty Property Trust announced that its board has authorized a share buyback program on Monday, October 2nd that allows the company to repurchase $250.00 million in shares. This repurchase authorization allows the real estate investment trust to repurchase shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its shares are undervalued.

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, October 15th. Investors of record on Monday, October 2nd will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 3.85%. The ex-dividend date of this dividend is Friday, September 29th. Liberty Property Trust’s dividend payout ratio (DPR) is presently 68.38%.

WARNING: “Liberty Property Trust (LPT) Shares Bought by Flinton Capital Management LLC” was first reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this news story on another site, it was illegally copied and reposted in violation of United States & i

Several other large investors also recently bought and sold shares of the company. Royal Bank of Canada lifted its position in shares of Liberty Property Trust by 4.5% in the 2nd quarter. Royal Bank of Canada now owns 3,333,422 shares of the real estate investment trust’s stock worth $135,704,000 after purchasing an additional 142,553 shares during the period. HighTower Advisors LLC purchased a new position in Liberty Property Trust during the 2nd quarter valued at about $388,000. Balyasny Asset Management LLC lifted its position in Liberty Property Trust by 732.1% during the 2nd quarter. Balyasny Asset Management LLC now owns 749,540 shares of the real estate investment trust’s stock valued at $30,514,000 after acquiring an additional 659,467 shares during the period. QS Investors LLC lifted its position in Liberty Property Trust by 213.6% during the 2nd quarter. QS Investors LLC now owns 104,632 shares of the real estate investment trust’s stock valued at $4,260,000 after acquiring an additional 71,266 shares during the period. Finally, Stifel Financial Corp lifted its position in Liberty Property Trust by 2.1% during the 2nd quarter. Stifel Financial Corp now owns 43,934 shares of the real estate investment trust’s stock valued at $1,787,000 after acquiring an additional 893 shares during the period. 91.65% of the stock is owned by hedge funds and other institutional investors.

LPT has been the subject of a number of recent research reports. BidaskClub cut shares of Liberty Property Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, June 21st. Stifel Nicolaus reissued a “buy” rating and set a $44.00 price target on shares of Liberty Property Trust in a research report on Thursday, July 6th. Zacks Investment Research raised shares of Liberty Property Trust from a “hold” rating to a “buy” rating and set a $47.00 price target for the company in a research report on Wednesday, August 16th. Finally, KeyCorp reissued a “hold” rating on shares of Liberty Property Trust in a research report on Friday, August 25th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $43.60.

Liberty Property Trust (LPT) opened at 41.55 on Tuesday. The stock has a market capitalization of $6.12 billion, a PE ratio of 17.77 and a beta of 0.88. The company’s 50-day moving average is $42.11 and its 200-day moving average is $41.30. Liberty Property Trust has a 12 month low of $36.22 and a 12 month high of $43.70.

Liberty Property Trust (NYSE:LPT) last released its quarterly earnings data on Tuesday, July 25th. The real estate investment trust reported $0.65 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.62 by $0.03. Liberty Property Trust had a net margin of 47.24% and a return on equity of 11.37%. The company had revenue of $183.13 million during the quarter, compared to analyst estimates of $175.60 million. During the same period in the prior year, the firm earned $0.68 earnings per share. The firm’s revenue for the quarter was down 1.9% compared to the same quarter last year. Equities research analysts forecast that Liberty Property Trust will post $1.23 EPS for the current year.

Liberty Property Trust announced that its board has authorized a share buyback program on Monday, October 2nd that allows the company to repurchase $250.00 million in shares. This repurchase authorization allows the real estate investment trust to repurchase shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its shares are undervalued.

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, October 15th. Investors of record on Monday, October 2nd will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 3.85%. The ex-dividend date of this dividend is Friday, September 29th. Liberty Property Trust’s dividend payout ratio (DPR) is presently 68.38%.

WARNING: “Liberty Property Trust (LPT) Shares Bought by Flinton Capital Management LLC” was first reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this news story on another site, it was illegally copied and reposted in violation of United States & international copyright legislation. The correct version of this news story can be viewed at https://ledgergazette.com/2017/10/10/liberty-property-trust-lpt-shares-bought-by-flinton-capital-management-llc.html.

Liberty Property Trust Company 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).

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

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