Public Employees Retirement System of Ohio lessened its position in Liberty Property Trust (NYSE:LPT) by 0.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 226,644 shares of the real estate investment trust’s stock after selling 1,461 shares during the period. Public Employees Retirement System of Ohio owned about 0.15% of Liberty Property Trust worth $9,227,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Advisor Group Inc. lifted its stake in shares of Liberty Property Trust by 3.9% in the second quarter. Advisor Group Inc. now owns 2,585 shares of the real estate investment trust’s stock worth $105,000 after buying an additional 98 shares in the last quarter. Commonwealth Bank of Australia lifted its stake in shares of Liberty Property Trust by 4.8% in the second quarter. Commonwealth Bank of Australia now owns 3,119 shares of the real estate investment trust’s stock worth $126,000 after buying an additional 143 shares in the last quarter. Gilbert & Cook Inc. bought a new position in shares of Liberty Property Trust in the second quarter worth approximately $203,000. Virtu KCG Holdings LLC bought a new position in shares of Liberty Property Trust in the second quarter worth approximately $212,000. Finally, Envestnet Asset Management Inc. lifted its stake in shares of Liberty Property Trust by 25.0% in the first quarter. Envestnet Asset Management Inc. now owns 5,736 shares of the real estate investment trust’s stock worth $223,000 after buying an additional 1,148 shares in the last quarter. Hedge funds and other institutional investors own 91.50% of the company’s stock.

Liberty Property Trust (LPT) opened at 41.26 on Friday. The stock has a 50 day moving average of $42.07 and a 200 day moving average of $41.45. The company has a market cap of $6.08 billion, a P/E ratio of 17.65 and a beta of 0.88. Liberty Property Trust has a 52 week low of $36.22 and a 52 week high of $43.70.

Liberty Property Trust (NYSE:LPT) last issued its quarterly earnings data on Tuesday, July 25th. The real estate investment trust reported $0.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.62 by $0.03. Liberty Property Trust had a net margin of 47.24% and a return on equity of 11.37%. The firm had revenue of $183.13 million for the quarter, compared to the consensus estimate of $175.60 million. During the same quarter in the previous year, the firm earned $0.68 EPS. The company’s quarterly revenue was down 1.9% compared to the same quarter last year. On average, analysts expect that Liberty Property Trust will post $1.23 earnings per share for the current year.

Liberty Property Trust declared that its Board of Directors has initiated a share repurchase program on Monday, October 2nd that permits the company to repurchase $250.00 million in outstanding shares. This repurchase authorization permits the real estate investment trust to reacquire shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company’s leadership believes its shares are undervalued.

The company also recently disclosed a quarterly dividend, which was paid on Sunday, October 15th. Stockholders of record on Monday, October 2nd were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.87%. The ex-dividend date of this dividend was Friday, September 29th. Liberty Property Trust’s payout ratio is currently 68.38%.

Several research analysts have recently issued reports on LPT shares. Stifel Nicolaus reiterated a “buy” rating and issued a $44.00 target price on shares of Liberty Property Trust in a research note on Thursday, July 6th. Zacks Investment Research downgraded shares of Liberty Property Trust from a “buy” rating to a “hold” rating in a research note on Monday, September 4th. Finally, KeyCorp reiterated a “hold” rating on shares of Liberty Property Trust in a research note on Friday, August 25th. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. Liberty Property Trust presently has a consensus rating of “Hold” and a consensus target price of $43.60.

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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).

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

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