Barclays PLC Has $15.96 Million Position in Liberty Property Trust (LPT)

Barclays PLC trimmed its position in shares of Liberty Property Trust (NYSE:LPT) by 4.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 381,056 shares of the real estate investment trust’s stock after selling 16,394 shares during the period. Barclays PLC owned about 0.26% of Liberty Property Trust worth $15,959,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Wells Fargo & Company MN increased its holdings in shares of Liberty Property Trust by 5.8% in the third quarter. Wells Fargo & Company MN now owns 273,205 shares of the real estate investment trust’s stock worth $11,543,000 after acquiring an additional 14,893 shares in the last quarter. Bessemer Group Inc. increased its holdings in shares of Liberty Property Trust by 723.5% in the third quarter. Bessemer Group Inc. now owns 3,788 shares of the real estate investment trust’s stock worth $160,000 after acquiring an additional 3,328 shares in the last quarter. SG Americas Securities LLC increased its holdings in shares of Liberty Property Trust by 84.5% in the third quarter. SG Americas Securities LLC now owns 133,768 shares of the real estate investment trust’s stock worth $5,652,000 after acquiring an additional 61,274 shares in the last quarter. Fort Washington Investment Advisors Inc. OH increased its holdings in shares of Liberty Property Trust by 29.2% in the third quarter. Fort Washington Investment Advisors Inc. OH now owns 12,400 shares of the real estate investment trust’s stock worth $524,000 after acquiring an additional 2,800 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its holdings in shares of Liberty Property Trust by 1.7% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 564,729 shares of the real estate investment trust’s stock worth $23,860,000 after acquiring an additional 9,300 shares in the last quarter. Institutional investors own 93.54% of the company’s stock.

In related news, Director David L. Lingerfelt sold 2,200 shares of the stock in a transaction that occurred on Thursday, February 7th. The stock was sold at an average price of $47.24, for a total transaction of $103,928.00. Following the completion of the transaction, the director now directly owns 50,915 shares of the company’s stock, valued at $2,405,224.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CIO Michael T. Hagan sold 27,626 shares of the stock in a transaction that occurred on Wednesday, February 27th. The shares were sold at an average price of $47.22, for a total value of $1,304,499.72. Following the transaction, the executive now directly owns 194,052 shares of the company’s stock, valued at $9,163,135.44. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 36,063 shares of company stock valued at $1,700,007. 1.20% of the stock is owned by corporate insiders.

NYSE:LPT opened at $48.59 on Friday. The company has a quick ratio of 2.68, a current ratio of 2.68 and a debt-to-equity ratio of 0.91. The stock has a market cap of $7.19 billion, a P/E ratio of 22.09, a PEG ratio of 3.14 and a beta of 0.77. Liberty Property Trust has a 52-week low of $38.58 and a 52-week high of $49.08.

Liberty Property Trust (NYSE:LPT) last posted its quarterly earnings data on Tuesday, February 5th. The real estate investment trust reported $0.74 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.63 by $0.11. The business had revenue of $124.90 million during the quarter, compared to the consensus estimate of $123.19 million. Liberty Property Trust had a return on equity of 4.81% and a net margin of 66.67%. Liberty Property Trust’s quarterly revenue was up 9.2% on a year-over-year basis. During the same period last year, the company earned $0.68 earnings per share. On average, research analysts predict that Liberty Property Trust will post 2.58 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Monday, April 1st will be issued a dividend of $0.41 per share. The ex-dividend date is Friday, March 29th. This is an increase from Liberty Property Trust’s previous quarterly dividend of $0.40. This represents a $1.64 dividend on an annualized basis and a dividend yield of 3.38%. Liberty Property Trust’s dividend payout ratio (DPR) is presently 72.73%.

A number of research analysts recently issued reports on LPT shares. Zacks Investment Research downgraded Liberty Property Trust from a “hold” rating to a “sell” rating in a report on Wednesday, January 23rd. ValuEngine upgraded Liberty Property Trust from a “hold” rating to a “buy” rating in a report on Wednesday, November 21st. Mitsubishi UFJ Financial Group downgraded Liberty Property Trust from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $47.00 to $42.00 in a report on Friday, January 4th. Finally, SunTrust Banks downgraded Liberty Property Trust from a “buy” rating to a “hold” rating in a report on Tuesday, January 15th. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $44.83.

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Liberty Property Trust Company Profile

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 industrial and office properties. Liberty's 103.5 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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