Nationwide Fund Advisors lowered its position in shares of Liberty Property Trust (NYSE:LPT) by 3.6% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 248,431 shares of the real estate investment trust’s stock after selling 9,286 shares during the quarter. Nationwide Fund Advisors owned approximately 0.17% of Liberty Property Trust worth $10,201,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. increased its position in Liberty Property Trust by 21.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 3,736,798 shares of the real estate investment trust’s stock valued at $152,125,000 after acquiring an additional 649,069 shares in the last quarter. Royal Bank of Canada increased its position in Liberty Property Trust by 4.5% in the 2nd quarter. Royal Bank of Canada now owns 3,333,422 shares of the real estate investment trust’s stock valued at $135,704,000 after acquiring an additional 142,553 shares in the last quarter. PGGM Investments increased its position in Liberty Property Trust by 4.9% in the 3rd quarter. PGGM Investments now owns 2,997,000 shares of the real estate investment trust’s stock valued at $123,057,000 after acquiring an additional 139,000 shares in the last quarter. Northern Trust Corp increased its position in Liberty Property Trust by 6.3% in the 2nd quarter. Northern Trust Corp now owns 2,279,886 shares of the real estate investment trust’s stock valued at $92,814,000 after acquiring an additional 135,578 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in Liberty Property Trust by 5.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,133,207 shares of the real estate investment trust’s stock valued at $86,844,000 after acquiring an additional 119,503 shares in the last quarter. Institutional investors and hedge funds own 91.46% of the company’s stock.

Several equities research analysts have weighed in on LPT shares. Sandler O’Neill upgraded shares of Liberty Property Trust from a “sell” rating to a “hold” rating and set a $45.00 price objective for the company in a research report on Wednesday, October 25th. Stifel Nicolaus restated a “buy” rating and issued a $44.00 price objective on shares of Liberty Property Trust in a research report on Thursday, September 21st. Zacks Investment Research cut shares of Liberty Property Trust from a “buy” rating to a “hold” rating in a research report on Monday, August 21st. KeyCorp restated a “hold” rating on shares of Liberty Property Trust in a research report on Friday, August 25th. Finally, ValuEngine upgraded shares of Liberty Property Trust from a “hold” rating to a “buy” rating in a research report on Friday, November 10th. Six analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Liberty Property Trust currently has a consensus rating of “Hold” and an average price target of $44.17.

Shares of Liberty Property Trust (NYSE LPT) traded down $0.58 during midday trading on Wednesday, hitting $44.17. 798,200 shares of the stock traded hands, compared to its average volume of 738,161. The company has a market cap of $6,596.96, a price-to-earnings ratio of 19.29, a PEG ratio of 2.93 and a beta of 0.88. The company has a quick ratio of 1.78, a current ratio of 1.78 and a debt-to-equity ratio of 0.93. Liberty Property Trust has a one year low of $37.21 and a one year high of $45.40.

Liberty Property Trust (NYSE:LPT) last issued its earnings results on Tuesday, October 24th. The real estate investment trust reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.63 by ($0.23). The business had revenue of $193.65 million during the quarter, compared to the consensus estimate of $174.65 million. Liberty Property Trust had a net margin of 47.78% and a return on equity of 11.41%. The firm’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same period last year, the business posted $0.66 EPS. equities research analysts expect that Liberty Property Trust will post 2.55 EPS for the current year.

Liberty Property Trust declared that its Board of Directors has initiated a stock repurchase plan on Monday, October 2nd that allows the company to repurchase $250.00 million in outstanding shares. This repurchase authorization allows the real estate investment trust to buy shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s management believes its shares are undervalued.

In other news, Director David L. Lingerfelt sold 18,000 shares of the firm’s stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $44.56, for a total value of $802,080.00. Following the transaction, the director now owns 56,814 shares of the company’s stock, valued at approximately $2,531,631.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.50% of the stock is currently owned by company insiders.

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Liberty Property Trust Company 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).

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

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