Alliancebernstein L.P. lowered its position in Liberty Property Trust (NYSE:LPT) by 8.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,272,762 shares of the real estate investment trust’s stock after selling 111,159 shares during the period. Alliancebernstein L.P. owned approximately 0.86% of Liberty Property Trust worth $54,741,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in LPT. Pictet Asset Management Ltd. grew its holdings in Liberty Property Trust by 6.6% during the 3rd quarter. Pictet Asset Management Ltd. now owns 67,900 shares of the real estate investment trust’s stock valued at $2,788,000 after buying an additional 4,197 shares during the last quarter. Crossmark Global Holdings Inc. acquired a new stake in Liberty Property Trust during the 3rd quarter valued at $663,000. State of Wisconsin Investment Board grew its holdings in Liberty Property Trust by 5.3% during the 3rd quarter. State of Wisconsin Investment Board now owns 133,775 shares of the real estate investment trust’s stock valued at $5,493,000 after buying an additional 6,767 shares during the last quarter. Prudential Financial Inc. grew its holdings in Liberty Property Trust by 50.8% during 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 during the last quarter. Finally, Swiss National Bank grew its holdings in Liberty Property Trust by 1.0% during the 3rd quarter. Swiss National Bank now owns 541,048 shares of the real estate investment trust’s stock valued at $22,215,000 after buying an additional 5,500 shares during the last quarter. Institutional investors and hedge funds own 93.27% of the company’s stock.
A number of equities research analysts have commented on LPT shares. SunTrust Banks set a $43.00 target price on Liberty Property Trust and gave the company a “buy” rating in a report on Friday, March 2nd. Stifel Nicolaus reiterated a “buy” rating and set a $44.00 target price on shares of Liberty Property Trust in a report on Wednesday, February 7th. Zacks Investment Research cut Liberty Property Trust from a “hold” rating to a “sell” rating in a report on Wednesday, January 3rd. JPMorgan Chase & Co. cut Liberty Property Trust from a “neutral” rating to an “underweight” rating and set a $41.00 target price on the stock. in a report on Friday, December 15th. Finally, Morgan Stanley increased their target price on Liberty Property Trust from $43.00 to $44.00 and gave the company an “equal weight” rating in a report on Friday, December 15th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company’s stock. Liberty Property Trust presently has a consensus rating of “Hold” and an average target price of $43.57.
Liberty Property Trust (NYSE:LPT) last issued its quarterly earnings results on Tuesday, February 6th. The real estate investment trust reported $0.68 earnings per share for the quarter, topping analysts’ consensus estimates of $0.65 by $0.03. Liberty Property Trust had a return on equity of 8.59% and a net margin of 37.90%. The company had revenue of $192.80 million for the quarter, compared to analyst estimates of $173.02 million. During the same quarter in the prior year, the company posted $0.41 EPS. sell-side analysts expect that Liberty Property Trust will post 2.59 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Sunday, April 15th. Shareholders of record on Monday, April 2nd will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.93%. The ex-dividend date is Thursday, March 29th. Liberty Property Trust’s dividend payout ratio is presently 89.89%.
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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).
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