Legal & General Group Plc grew its position in shares of Liberty Property Trust (NYSE:LPT) by 4.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,126,020 shares of the real estate investment trust’s stock after purchasing an additional 45,964 shares during the period. Legal & General Group Plc owned 0.76% of Liberty Property Trust worth $46,235,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in LPT. Advisor Group Inc. boosted its position 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 acquiring an additional 98 shares during the last quarter. Commonwealth Bank of Australia boosted its position 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 acquiring an additional 143 shares during the last quarter. World Asset Management Inc boosted its position in shares of Liberty Property Trust by 1.7% in the second quarter. World Asset Management Inc now owns 11,453 shares of the real estate investment trust’s stock worth $466,000 after acquiring an additional 196 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Liberty Property Trust by 0.7% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 31,893 shares of the real estate investment trust’s stock worth $1,298,000 after acquiring an additional 213 shares during the last quarter. Finally, CIBC Asset Management Inc boosted its position in shares of Liberty Property Trust by 3.2% in the second quarter. CIBC Asset Management Inc now owns 10,886 shares of the real estate investment trust’s stock worth $443,000 after acquiring an additional 342 shares during the last quarter. 91.46% of the stock is currently owned by institutional investors.

Several equities research analysts recently issued reports on the stock. Zacks Investment Research raised shares of Liberty Property Trust from a “hold” rating to a “buy” rating and set a $47.00 target price on the stock in a research report on Wednesday, August 16th. KeyCorp restated a “hold” rating on shares of Liberty Property Trust in a report on Tuesday, October 24th. Stifel Nicolaus raised their price target on shares of Liberty Property Trust from $44.00 to $46.00 and gave the company a “buy” rating in a report on Wednesday, October 25th. Finally, ValuEngine upgraded shares of Liberty Property Trust from a “hold” rating to a “buy” rating in a report on Friday, November 10th. Six investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Liberty Property Trust currently has a consensus rating of “Hold” and a consensus target price of $44.17.

In other news, Director David L. Lingerfelt sold 18,000 shares of Liberty Property Trust stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $44.56, for a total transaction of $802,080.00. Following the sale, the director now owns 56,814 shares in the company, valued at $2,531,631.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.50% of the company’s stock.

Liberty Property Trust (LPT) traded down $0.01 on Thursday, hitting $44.16. 597,800 shares of the stock were exchanged, compared to its average volume of 737,564. The stock has a market capitalization of $6,511.45, a price-to-earnings ratio of 19.04, a P/E/G ratio of 2.89 and a beta of 0.88. Liberty Property Trust has a 12 month low of $37.21 and a 12 month high of $45.40. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.78 and a quick ratio of 1.78.

Liberty Property Trust (NYSE:LPT) last posted its quarterly earnings data on Tuesday, October 24th. The real estate investment trust reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.23). The firm had revenue of $193.65 million for the quarter, compared to analysts’ expectations of $174.65 million. Liberty Property Trust had a net margin of 47.78% and a return on equity of 11.41%. The company’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.66 EPS. analysts forecast that Liberty Property Trust will post 2.55 earnings per share for the current year.

Liberty Property Trust announced that its board has initiated a share repurchase plan on Monday, October 2nd that permits the company to buyback $250.00 million in outstanding shares. This buyback authorization permits the real estate investment trust to reacquire shares of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.

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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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