Neuberger Berman Group LLC reduced its holdings in Liberty Property Trust (NYSE:LPT) by 25.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 5,609 shares of the real estate investment trust’s stock after selling 1,877 shares during the period. Neuberger Berman Group LLC’s holdings in Liberty Property Trust were worth $230,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. JPMorgan Chase & Co. increased its stake 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 buying an additional 649,069 shares during the last quarter. Royal Bank of Canada increased its stake 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 buying an additional 142,553 shares during the last quarter. PGGM Investments increased its stake 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 buying an additional 139,000 shares during the last quarter. Northern Trust Corp increased its stake 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 buying an additional 135,578 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Liberty Property Trust by 0.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,151,144 shares of the real estate investment trust’s stock valued at $88,328,000 after buying an additional 17,937 shares during the last quarter. Hedge funds and other institutional investors own 91.28% of the company’s stock.

LPT has been the subject of a number of analyst reports. KeyCorp reissued a “hold” rating on shares of Liberty Property Trust in a research report on Tuesday, October 24th. Sandler O’Neill raised 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. Zacks Investment Research raised shares of Liberty Property Trust from a “hold” rating to a “buy” rating and set a $48.00 price objective for the company in a research report on Tuesday, September 12th. JPMorgan Chase & Co. downgraded shares of Liberty Property Trust from a “neutral” rating to an “underweight” rating and set a $41.00 price objective for the company. in a research report on Friday, December 15th. Finally, Morgan Stanley reissued an “equal weight” rating and issued a $43.00 price objective on shares of Liberty Property Trust in a research report on Thursday, December 14th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $43.75.

Liberty Property Trust (NYSE:LPT) opened at $41.66 on Friday. Liberty Property Trust has a 12-month low of $37.21 and a 12-month high of $45.40. The company has a market cap of $6,257.89, a PE ratio of 17.58, a PEG ratio of 2.71 and a beta of 0.89. 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 announced its earnings results on Tuesday, October 24th. The real estate investment trust reported $0.40 EPS for the quarter, missing the consensus estimate of $0.63 by ($0.23). The company had revenue of $193.65 million for the quarter, compared to the consensus estimate of $174.65 million. Liberty Property Trust had a return on equity of 11.41% and a net margin of 47.78%. The business’s quarterly revenue was up 1.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.66 EPS. sell-side analysts expect that Liberty Property Trust will post 2.55 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, January 15th. Investors of record on Tuesday, January 2nd will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 3.84%. The ex-dividend date is Friday, December 29th. Liberty Property Trust’s payout ratio is 67.51%.

Liberty Property Trust announced that its Board of Directors has approved a stock repurchase program on Monday, October 2nd that authorizes the company to buyback $250.00 million in shares. This buyback authorization authorizes the real estate investment trust to reacquire shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s board believes its stock is undervalued.

In related news, Director David L. Lingerfelt sold 18,000 shares of Liberty Property Trust stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $44.56, for a total transaction of $802,080.00. Following the completion of the sale, 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 is accessible through this link. Insiders own 1.50% of the company’s stock.

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About Liberty Property Trust

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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