Clean Yield Group Reduces Position in Liberty Property Trust (LPT)

Clean Yield Group lessened its position in shares of Liberty Property Trust (NYSE:LPT) by 30.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 34,100 shares of the real estate investment trust’s stock after selling 15,072 shares during the quarter. Clean Yield Group’s holdings in Liberty Property Trust were worth $1,467,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in LPT. Nisa Investment Advisors LLC grew its stake in shares of Liberty Property Trust by 12.5% in the 4th quarter. Nisa Investment Advisors LLC now owns 55,930 shares of the real estate investment trust’s stock valued at $2,406,000 after purchasing an additional 6,200 shares during the last quarter. DnB Asset Management AS purchased a new position in shares of Liberty Property Trust in the 4th quarter valued at approximately $508,000. Public Employees Retirement System of Ohio grew its stake in shares of Liberty Property Trust by 28.3% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 290,716 shares of the real estate investment trust’s stock valued at $11,937,000 after purchasing an additional 64,072 shares during the last quarter. GSA Capital Partners LLP grew its stake in shares of Liberty Property Trust by 239.7% in the 3rd quarter. GSA Capital Partners LLP now owns 21,576 shares of the real estate investment trust’s stock valued at $886,000 after purchasing an additional 15,225 shares during the last quarter. Finally, Fieldpoint Private Securities LLC purchased a new position in shares of Liberty Property Trust in the 3rd quarter valued at approximately $100,000. Hedge funds and other institutional investors own 91.36% of the company’s stock.

Liberty Property Trust (NYSE LPT) traded down $0.34 on Tuesday, hitting $40.72. The stock had a trading volume of 882,600 shares, compared to its average volume of 700,189. The company has a quick ratio of 1.78, a current ratio of 1.78 and a debt-to-equity ratio of 0.93. The firm has a market cap of $6,002.86, a PE ratio of 17.18, a P/E/G ratio of 2.60 and a beta of 0.89. Liberty Property Trust has a 1-year low of $37.21 and a 1-year high of $45.40.

Liberty Property Trust (NYSE:LPT) last posted its quarterly earnings results on Tuesday, October 24th. The real estate investment trust reported $0.40 EPS for the quarter, missing the consensus estimate of $0.63 by ($0.23). The business had revenue of $193.65 million during the quarter, compared to analyst estimates 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 quarterly revenue was up 1.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.66 earnings per share. sell-side analysts expect that Liberty Property Trust will post 2.55 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, January 15th. Stockholders of record on Tuesday, January 2nd were issued a $0.40 dividend. The ex-dividend date of this dividend was Friday, December 29th. This represents a $1.60 annualized dividend and a dividend yield of 3.93%. Liberty Property Trust’s dividend payout ratio is currently 67.51%.

Liberty Property Trust announced that its board has approved a stock repurchase plan 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 plans are generally a sign that the company’s board of directors believes its shares are undervalued.

LPT has been the topic of several analyst reports. Stifel Nicolaus lifted their target price on Liberty Property Trust from $44.00 to $46.00 and gave the company a “buy” rating in a research note on Wednesday, October 25th. ValuEngine upgraded Liberty Property Trust from a “hold” rating to a “buy” rating in a research note on Friday, November 10th. Morgan Stanley reiterated an “equal weight” rating and issued a $43.00 target price on shares of Liberty Property Trust in a research note on Thursday, December 14th. Sandler O’Neill upgraded Liberty Property Trust from a “sell” rating to a “hold” rating and set a $45.00 target price on the stock in a research note on Wednesday, October 25th. Finally, KeyCorp reiterated a “hold” rating on shares of Liberty Property Trust in a research note on Tuesday, October 24th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $43.43.

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

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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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