Clean Yield Group Has $1.47 Million Stake in Liberty Property Trust (NYSE:LPT)

Clean Yield Group cut its stake in shares of Liberty Property Trust (NYSE:LPT) by 30.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor 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.

Several other large investors also recently modified their holdings of the company. Advisor Group Inc. boosted its position in shares of Liberty Property Trust by 3.9% during the second quarter. Advisor Group Inc. now owns 2,585 shares of the real estate investment trust’s stock valued at $105,000 after buying an additional 98 shares during the last quarter. Commonwealth Bank of Australia boosted its position in shares of Liberty Property Trust by 4.8% during the second quarter. Commonwealth Bank of Australia now owns 3,119 shares of the real estate investment trust’s stock valued at $126,000 after buying an additional 143 shares during the last quarter. Ameritas Investment Partners Inc. boosted its position in shares of Liberty Property Trust by 0.8% during the second quarter. Ameritas Investment Partners Inc. now owns 86,453 shares of the real estate investment trust’s stock valued at $3,519,000 after buying an additional 722 shares during the last quarter. M&T Bank Corp boosted its position in shares of Liberty Property Trust by 6.8% during the second quarter. M&T Bank Corp now owns 11,993 shares of the real estate investment trust’s stock valued at $488,000 after buying an additional 765 shares during the last quarter. Finally, Stifel Financial Corp boosted its position in shares of Liberty Property Trust by 2.1% during the second quarter. Stifel Financial Corp now owns 43,934 shares of the real estate investment trust’s stock valued at $1,787,000 after buying an additional 893 shares during the last quarter. Hedge funds and other institutional investors own 90.91% of the company’s stock.

Several research firms recently commented on LPT. SunTrust Banks raised Liberty Property Trust from a “hold” rating to a “buy” rating in a research report on Monday. Zacks Investment Research cut Liberty Property Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, January 3rd. Morgan Stanley raised their target price on Liberty Property Trust from $43.00 to $44.00 and gave the stock an “equal weight” rating in a research report on Friday, December 15th. JPMorgan Chase & Co. cut Liberty Property Trust from a “neutral” rating to an “underweight” rating and set a $41.00 price objective on the stock. in a research report on Friday, December 15th. Finally, ValuEngine raised Liberty Property Trust from a “hold” rating to a “buy” rating in a research report on Friday, November 10th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $43.43.

Shares of Liberty Property Trust (LPT) traded up $0.83 on Tuesday, reaching $41.76. The company had a trading volume of 882,500 shares, compared to its average volume of 725,057. The company has a market cap of $6,033.82, a P/E ratio of 17.62, a PEG ratio of 2.61 and a beta of 0.89. Liberty Property Trust has a 52 week low of $37.21 and a 52 week high of $45.40. 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 (NYSE:LPT) last issued its earnings results on Tuesday, October 24th. The real estate investment trust reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.63 by ($0.23). Liberty Property Trust had a net margin of 47.78% and a return on equity of 11.41%. The business had revenue of $193.65 million for the quarter, compared to the consensus estimate of $174.65 million. During the same period last year, the business posted $0.66 EPS. The firm’s revenue for the quarter was up 1.5% compared to the same quarter last year. equities research analysts predict that Liberty Property Trust will post 2.55 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 15th. Shareholders of record on Tuesday, January 2nd were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 3.83%. The ex-dividend date of this dividend was Friday, December 29th. Liberty Property Trust’s payout ratio is 67.51%.

Liberty Property Trust declared that its board has authorized a stock buyback plan on Monday, October 2nd that authorizes the company to buyback $250.00 million in outstanding shares. This buyback authorization authorizes the real estate investment trust to reacquire shares of its stock through open market purchases. Shares buyback plans are often an indication that the company’s board believes its stock is undervalued.

In other Liberty Property Trust news, Director David L. Lingerfelt sold 18,000 shares of Liberty Property Trust 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 sale, the director now owns 56,814 shares of the company’s stock, valued at approximately $2,531,631.84. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 1.50% of the company’s stock.

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About Liberty Property Trust

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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