Liberty Property Trust (NYSE:LPT) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Monday.

According to Zacks, “Shares of Liberty Property have outperformed the industry it belongs to, year to date. However, the stock has seen the Zacks Consensus Estimate for current year funds from operations (FFO) per share being unchanged over the last seven days. In July, the company delivered a better-than-expected performance with respect to FFO per share and revenues. Recently, the company announced that it would develop a 220,000 square foot industrial building for global conveyance solutions leader, Intralox, at 7157 Ridge Road, in Hanover, MD. The company is poised for growth as fundamentals of the industrial real estate market remain solid, backed by growing demand, resulting in solid rent increase, enhanced occupancy and development opportunities. However, adverse near-term impact on earnings from dispositions and rise in interest rates remain concerns.”

Other equities analysts have also recently issued reports about the stock. Stifel Nicolaus restated a “buy” rating and set a $44.00 price target on shares of Liberty Property Trust in a report on Thursday, July 6th. KeyCorp restated a “hold” rating on shares of Liberty Property Trust in a report on Friday. Finally, BidaskClub cut shares of Liberty Property Trust from a “buy” rating to a “hold” rating in a report on Wednesday, June 21st. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $42.50.

Liberty Property Trust (LPT) traded down 1.815% during midday trading on Monday, reaching $41.395. The company’s stock had a trading volume of 359,645 shares. Liberty Property Trust has a 1-year low of $36.22 and a 1-year high of $42.80. The company has a 50 day moving average price of $41.49 and a 200 day moving average price of $40.53. The firm has a market cap of $6.10 billion, a price-to-earnings ratio of 17.705 and a beta of 0.88.

Liberty Property Trust (NYSE:LPT) last posted its quarterly earnings results on Tuesday, July 25th. The real estate investment trust reported $0.65 EPS for the quarter, beating the 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 business had revenue of $183.13 million for the quarter, compared to analysts’ expectations of $175.60 million. During the same period in the previous year, the company posted $0.68 EPS. Liberty Property Trust’s revenue was down 1.9% on a year-over-year basis. On average, equities research analysts expect that Liberty Property Trust will post $1.24 EPS for the current year.

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Several large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. raised its stake in Liberty Property Trust by 1,913.0% in the first quarter. BlackRock Inc. now owns 19,225,871 shares of the real estate investment trust’s stock valued at $741,156,000 after buying an additional 18,270,789 shares during the last quarter. Heitman Real Estate Securities LLC acquired a new stake in Liberty Property Trust during the first quarter valued at about $78,144,000. Voya Investment Management LLC raised its stake in Liberty Property Trust by 617.7% in the fourth quarter. Voya Investment Management LLC now owns 2,169,473 shares of the real estate investment trust’s stock valued at $67,363,000 after buying an additional 1,867,175 shares during the last quarter. PGGM Investments raised its stake in Liberty Property Trust by 108.7% in the first quarter. PGGM Investments now owns 2,790,000 shares of the real estate investment trust’s stock valued at $107,554,000 after buying an additional 1,453,000 shares during the last quarter. Finally, Norges Bank acquired a new stake in Liberty Property Trust during the fourth quarter valued at about $53,077,000. 91.64% of the stock is owned by institutional investors and hedge funds.

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).

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