Liberty Property Trust (LPT) Holdings Boosted by Ameriprise Financial Inc.

Ameriprise Financial Inc. grew its position in shares of Liberty Property Trust (NYSE:LPT) by 1.5% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 457,185 shares of the real estate investment trust’s stock after buying an additional 6,922 shares during the quarter. Ameriprise Financial Inc. owned 0.31% of Liberty Property Trust worth $18,777,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of LPT. Balyasny Asset Management LLC raised its holdings in shares of Liberty Property Trust by 732.1% in the 2nd quarter. Balyasny Asset Management LLC now owns 749,540 shares of the real estate investment trust’s stock worth $30,514,000 after purchasing an additional 659,467 shares during the period. JPMorgan Chase & Co. grew its stake in Liberty Property Trust by 21.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 3,736,798 shares of the real estate investment trust’s stock valued at $152,125,000 after buying an additional 649,069 shares in the last quarter. Renaissance Technologies LLC grew its stake in Liberty Property Trust by 231.7% in the 2nd quarter. Renaissance Technologies LLC now owns 571,800 shares of the real estate investment trust’s stock valued at $23,278,000 after buying an additional 399,424 shares in the last quarter. Canada Pension Plan Investment Board grew its stake in Liberty Property Trust by 891.4% in the 3rd quarter. Canada Pension Plan Investment Board now owns 439,200 shares of the real estate investment trust’s stock valued at $18,034,000 after buying an additional 394,900 shares in the last quarter. Finally, Prudential Financial Inc. grew its stake in Liberty Property Trust by 50.8% in the 3rd quarter. Prudential Financial Inc. now owns 983,042 shares of the real estate investment trust’s stock valued at $40,364,000 after buying an additional 331,010 shares in the last quarter. 91.46% of the stock is currently owned by institutional investors.

In other news, Director David L. Lingerfelt sold 18,000 shares of the business’s stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $44.56, for a total transaction of $802,080.00. Following the completion of the transaction, the director now directly owns 56,814 shares in the company, valued at approximately $2,531,631.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.50% of the stock is owned by insiders.

A number of research analysts recently weighed in on the stock. ValuEngine upgraded shares of Liberty Property Trust from a “hold” rating to a “buy” rating in a research note on Friday, November 10th. Sandler O’Neill upgraded shares of Liberty Property Trust from a “sell” rating to a “hold” rating and set a $45.00 price objective for the company in a research note on Wednesday, October 25th. Stifel Nicolaus lifted their price objective on shares of Liberty Property Trust from $44.00 to $46.00 and gave the company a “buy” rating in a research note on Wednesday, October 25th. KeyCorp reiterated a “hold” rating on shares of Liberty Property Trust in a research note on Tuesday, October 24th. Finally, Zacks Investment Research lowered shares of Liberty Property Trust from a “buy” rating to a “hold” rating in a research note on Wednesday, September 13th. Six research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Liberty Property Trust currently has an average rating of “Hold” and an average target price of $44.17.

Liberty Property Trust (NYSE:LPT) traded down $0.56 on Tuesday, hitting $44.22. 605,900 shares of the stock were exchanged, compared to its average volume of 736,310. The stock has a market cap of $6,601.38, a price-to-earnings ratio of 19.30, a P/E/G ratio of 2.93 and a beta of 0.88. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.78 and a quick ratio of 1.78. Liberty Property Trust has a 12-month low of $37.21 and a 12-month high of $45.40.

Liberty Property Trust (NYSE:LPT) last released its quarterly earnings results on Tuesday, October 24th. The real estate investment trust reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.23). The firm had revenue of $193.65 million for the quarter, compared to analysts’ expectations of $174.65 million. Liberty Property Trust had a net margin of 47.78% and a return on equity of 11.41%. The firm’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.66 earnings per share. research analysts forecast that Liberty Property Trust will post 2.55 earnings per share for the current year.

Liberty Property Trust declared that its board has approved a share repurchase plan on Monday, October 2nd that permits the company to buyback $250.00 million in shares. This buyback authorization permits the real estate investment trust to repurchase shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board of directors believes its shares are undervalued.

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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).

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

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