Schwab Charles Investment Management Inc. Has $66.23 Million Stake in Liberty Property Trust (LPT)

Schwab Charles Investment Management Inc. lifted its holdings in shares of Liberty Property Trust (NYSE:LPT) by 6.4% in the first quarter, according to its most recent filing with the SEC. The firm owned 1,666,966 shares of the real estate investment trust’s stock after acquiring an additional 99,831 shares during the period. Schwab Charles Investment Management Inc. owned approximately 1.13% of Liberty Property Trust worth $66,229,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in LPT. Nisa Investment Advisors LLC lifted its holdings in shares of Liberty Property Trust by 12.5% during the 4th quarter. Nisa Investment Advisors LLC now owns 55,930 shares of the real estate investment trust’s stock worth $2,406,000 after acquiring an additional 6,200 shares during the period. Westpac Banking Corp lifted its holdings in shares of Liberty Property Trust by 129.5% during the 4th quarter. Westpac Banking Corp now owns 319,738 shares of the real estate investment trust’s stock worth $13,752,000 after acquiring an additional 180,448 shares during the period. State of Alaska Department of Revenue lifted its holdings in shares of Liberty Property Trust by 11.6% during the 4th quarter. State of Alaska Department of Revenue now owns 88,070 shares of the real estate investment trust’s stock worth $3,787,000 after acquiring an additional 9,170 shares during the period. Bowling Portfolio Management LLC lifted its holdings in shares of Liberty Property Trust by 49.5% during the 4th quarter. Bowling Portfolio Management LLC now owns 17,361 shares of the real estate investment trust’s stock worth $747,000 after acquiring an additional 5,751 shares during the period. Finally, Strs Ohio lifted its holdings in shares of Liberty Property Trust by 3.4% during the 4th quarter. Strs Ohio now owns 193,554 shares of the real estate investment trust’s stock worth $8,324,000 after acquiring an additional 6,385 shares during the period. 91.93% of the stock is owned by institutional investors.

Shares of Liberty Property Trust opened at $42.42 on Friday, Marketbeat reports. Liberty Property Trust has a 12-month low of $42.63 and a 12-month high of $43.02. The stock has a market cap of $6.31 billion, a P/E ratio of 16.18, a PEG ratio of 2.73 and a beta of 0.72. The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 0.86.

Liberty Property Trust (NYSE:LPT) last announced its quarterly earnings results on Tuesday, April 24th. The real estate investment trust reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.33. Liberty Property Trust had a net margin of 49.95% and a return on equity of 8.55%. The firm had revenue of $190.20 million during the quarter, compared to the consensus estimate of $145.62 million. During the same period last year, the firm posted $0.60 EPS. The firm’s quarterly revenue was up 14.7% on a year-over-year basis. equities research analysts expect that Liberty Property Trust will post 2.6 EPS for the current fiscal year.

A number of research firms have recently commented on LPT. ValuEngine downgraded shares of Liberty Property Trust from a “buy” rating to a “hold” rating in a report on Thursday. SunTrust Banks set a $43.00 price target on shares of Liberty Property Trust and gave the company a “buy” rating in a report on Friday, March 2nd. Finally, Stifel Nicolaus reissued a “buy” rating and set a $44.00 price target on shares of Liberty Property Trust in a report on Wednesday, February 7th. Two analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $44.17.

In related news, Director Frederick F. Buchholz sold 5,000 shares of Liberty Property Trust stock in a transaction dated Thursday, April 26th. The shares were sold at an average price of $40.18, for a total transaction of $200,900.00. Following the completion of the transaction, the director now directly owns 64,044 shares of the company’s stock, valued at approximately $2,573,287.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.20% of the company’s stock.

About Liberty Property Trust

Liberty Property Trust (NYSE:LPT) is a leader in commercial real estate, serving customers in the United States and United Kingdom, through the development, acquisition, ownership and management of superior industrial and office properties. Liberty's 101 million square foot operating portfolio provides productive work environments for 1,200 tenants.

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Institutional Ownership by Quarter for Liberty Property Trust (NYSE:LPT)

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