Amalgamated Bank boosted its holdings in Liberty Property Trust (NYSE:LPT) by 5.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 29,711 shares of the real estate investment trust’s stock after purchasing an additional 1,644 shares during the quarter. Amalgamated Bank’s holdings in Liberty Property Trust were worth $1,278,000 at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. Fieldpoint Private Securities LLC acquired a new stake in Liberty Property Trust in the 3rd quarter worth about $100,000. Spectrum Management Group Inc. acquired a new stake in Liberty Property Trust in the 3rd quarter worth about $168,000. FDx Advisors Inc. acquired a new stake in Liberty Property Trust in the 4th quarter worth about $204,000. OppenheimerFunds Inc. acquired a new stake in Liberty Property Trust in the 4th quarter worth about $227,000. Finally, Toronto Dominion Bank raised its stake in Liberty Property Trust by 244.3% in the 3rd quarter. Toronto Dominion Bank now owns 6,218 shares of the real estate investment trust’s stock worth $255,000 after purchasing an additional 4,412 shares in the last quarter. Institutional investors and hedge funds own 93.27% of the company’s stock.
Several brokerages have weighed in on LPT. SunTrust Banks set a $43.00 price objective on shares of Liberty Property Trust and gave the stock a “buy” rating in a research note on Friday, March 2nd. Stifel Nicolaus reiterated a “buy” rating and issued a $44.00 price objective on shares of Liberty Property Trust in a research note on Wednesday, February 7th. Zacks Investment Research cut shares of Liberty Property Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, January 3rd. Morgan Stanley lifted their price objective on shares of Liberty Property Trust from $43.00 to $44.00 and gave the stock an “equal weight” rating in a research note on Friday, December 15th. Finally, JPMorgan Chase & Co. cut shares of Liberty Property Trust from a “neutral” rating to an “underweight” rating and set a $41.00 target price for the company. in a research report on Friday, December 15th. Two analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $43.57.
Liberty Property Trust (NYSE:LPT) last issued its earnings results on Tuesday, February 6th. The real estate investment trust reported $0.68 EPS for the quarter, beating the consensus estimate of $0.65 by $0.03. The company had revenue of $192.80 million during the quarter, compared to analysts’ expectations of $173.02 million. Liberty Property Trust had a net margin of 37.90% and a return on equity of 8.59%. During the same period in the previous year, the company earned $0.41 EPS. sell-side analysts predict that Liberty Property Trust will post 2.59 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Sunday, April 15th. Stockholders of record on Monday, April 2nd will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 3.93%. The ex-dividend date is Thursday, March 29th. Liberty Property Trust’s payout ratio is presently 89.89%.
Liberty Property Trust 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).
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