Sumitomo Mitsui Trust Holdings Inc. Purchases 51,949 Shares of Liberty Property Trust (NYSE:LPT)

Sumitomo Mitsui Trust Holdings Inc. lifted its position in Liberty Property Trust (NYSE:LPT) by 7.6% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 731,592 shares of the real estate investment trust’s stock after purchasing an additional 51,949 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned about 0.49% of Liberty Property Trust worth $37,553,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. Commonwealth Equity Services LLC grew its holdings in shares of Liberty Property Trust by 12.4% in the third quarter. Commonwealth Equity Services LLC now owns 8,726 shares of the real estate investment trust’s stock worth $447,000 after purchasing an additional 964 shares during the last quarter. State of Tennessee Treasury Department grew its holdings in shares of Liberty Property Trust by 22.0% in the third quarter. State of Tennessee Treasury Department now owns 197,917 shares of the real estate investment trust’s stock worth $10,160,000 after purchasing an additional 35,746 shares during the last quarter. Retirement Systems of Alabama grew its holdings in shares of Liberty Property Trust by 3.0% in the third quarter. Retirement Systems of Alabama now owns 419,291 shares of the real estate investment trust’s stock worth $21,522,000 after purchasing an additional 12,226 shares during the last quarter. Municipal Employees Retirement System of Michigan grew its holdings in shares of Liberty Property Trust by 5.9% in the third quarter. Municipal Employees Retirement System of Michigan now owns 28,950 shares of the real estate investment trust’s stock worth $1,486,000 after purchasing an additional 1,600 shares during the last quarter. Finally, Eii Capital Management Inc. grew its holdings in shares of Liberty Property Trust by 3.1% in the third quarter. Eii Capital Management Inc. now owns 22,738 shares of the real estate investment trust’s stock worth $1,167,000 after purchasing an additional 673 shares during the last quarter. Hedge funds and other institutional investors own 92.77% of the company’s stock.

In other news, CAO Mary Beth Morrissey sold 2,741 shares of the business’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $51.26, for a total transaction of $140,503.66. Following the sale, the chief accounting officer now owns 50,559 shares in the company, valued at approximately $2,591,654.34. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 1.40% of the company’s stock.

LPT has been the topic of several recent analyst reports. Wells Fargo & Co cut shares of Liberty Property Trust from an “outperform” rating to a “market perform” rating and raised their target price for the stock from $57.00 to $59.00 in a report on Monday. Morgan Stanley raised their target price on shares of Liberty Property Trust from $49.00 to $54.00 and gave the stock an “equal weight” rating in a report on Monday, October 7th. ValuEngine cut shares of Liberty Property Trust from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Finally, JPMorgan Chase & Co. raised their target price on shares of Liberty Property Trust from $49.00 to $53.00 and gave the stock a “neutral” rating in a report on Thursday, September 12th. Eight equities research analysts have rated the stock with a hold rating, Liberty Property Trust has an average rating of “Hold” and an average price target of $52.00.

NYSE:LPT opened at $58.76 on Friday. The stock has a market cap of $8.62 billion, a P/E ratio of 26.71, a price-to-earnings-growth ratio of 3.81 and a beta of 0.76. The firm’s fifty day simple moving average is $52.65 and its 200 day simple moving average is $50.91. Liberty Property Trust has a twelve month low of $40.15 and a twelve month high of $59.97. The company has a quick ratio of 2.27, a current ratio of 7.33 and a debt-to-equity ratio of 0.78.

Liberty Property Trust (NYSE:LPT) last released its quarterly earnings results on Tuesday, October 29th. The real estate investment trust reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.03. The business had revenue of $163.20 million for the quarter, compared to analysts’ expectations of $163.43 million. Liberty Property Trust had a net margin of 64.23% and a return on equity of 5.79%. The firm’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.69 earnings per share. On average, analysts expect that Liberty Property Trust will post 2.54 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 1st were issued a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.79%. The ex-dividend date was Monday, September 30th. Liberty Property Trust’s dividend payout ratio (DPR) is presently 74.55%.

Liberty Property Trust Profile

Liberty Property Trust 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 logistics, warehouse, manufacturing, and R&D facilities in key markets. Liberty's 108 million square foot operating portfolio provides productive work environments to 1,200 tenants.

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

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