Crestline Management LP increased its stake in shares of Liberty Property Trust (NYSE:LPT) by 29.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 180,517 shares of the real estate investment trust’s stock after purchasing an additional 41,200 shares during the quarter. Liberty Property Trust makes up approximately 1.1% of Crestline Management LP’s holdings, making the stock its 6th largest holding. Crestline Management LP owned 0.12% of Liberty Property Trust worth $7,560,000 at the end of the most recent reporting period.
A number of other institutional investors also recently bought and sold shares of the stock. ERTS Wealth Advisors LLC acquired a new stake in Liberty Property Trust in the 4th quarter worth about $33,000. Meeder Asset Management Inc. acquired a new stake in Liberty Property Trust in the 4th quarter worth about $41,000. Fort L.P. acquired a new position in shares of Liberty Property Trust in the 4th quarter valued at about $44,000. Laurel Wealth Advisors LLC acquired a new position in shares of Liberty Property Trust in the 4th quarter valued at about $54,000. Finally, Private Capital Group LLC lifted its stake in shares of Liberty Property Trust by 144.2% in the 4th quarter. Private Capital Group LLC now owns 1,292 shares of the real estate investment trust’s stock valued at $55,000 after purchasing an additional 763 shares in the last quarter. Hedge funds and other institutional investors own 93.54% of the company’s stock.
LPT has been the topic of several research analyst reports. SunTrust Banks lowered Liberty Property Trust from a “buy” rating to a “hold” rating in a research note on Tuesday, January 15th. Mitsubishi UFJ Financial Group lowered Liberty Property Trust from an “overweight” rating to a “neutral” rating and reduced their price objective for the company from $47.00 to $42.00 in a research note on Friday, January 4th. Zacks Investment Research raised Liberty Property Trust from a “sell” rating to a “hold” rating in a research note on Tuesday, February 12th. Finally, ValuEngine raised Liberty Property Trust from a “hold” rating to a “buy” rating in a research note on Wednesday, November 21st. Six research analysts have rated the stock with a hold rating and two 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 $44.83.
NYSE LPT opened at $48.59 on Friday. The stock has a market capitalization of $7.19 billion, a PE ratio of 22.09, a PEG ratio of 3.14 and a beta of 0.77. Liberty Property Trust has a 1-year low of $38.58 and a 1-year high of $49.08. The company has a current ratio of 2.68, a quick ratio of 2.68 and a debt-to-equity ratio of 0.91.
Liberty Property Trust (NYSE:LPT) last released its quarterly earnings data on Tuesday, February 5th. The real estate investment trust reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.11. The business had revenue of $124.90 million for the quarter, compared to analyst estimates of $123.19 million. Liberty Property Trust had a return on equity of 4.81% and a net margin of 66.67%. The company’s revenue was up 9.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.68 EPS. Sell-side analysts expect that Liberty Property Trust will post 2.58 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Monday, April 1st will be given a dividend of $0.41 per share. The ex-dividend date of this dividend is Friday, March 29th. This is a positive change from Liberty Property Trust’s previous quarterly dividend of $0.40. This represents a $1.64 annualized dividend and a yield of 3.38%. Liberty Property Trust’s payout ratio is 72.73%.
In related news, CAO Mary Beth Morrissey sold 6,237 shares of the business’s stock in a transaction that occurred on Friday, February 1st. The stock was sold at an average price of $46.75, for a total transaction of $291,579.75. Following the transaction, the chief accounting officer now directly owns 60,698 shares of the company’s stock, valued at approximately $2,837,631.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CIO Michael T. Hagan sold 27,626 shares of the business’s stock in a transaction that occurred on Wednesday, February 27th. The stock was 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 in the company, valued at $9,163,135.44. The disclosure for this sale can be found here. Insiders have sold a total of 36,063 shares of company stock worth $1,700,007 over the last three months. 1.20% of the stock is currently owned by corporate insiders.
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 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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