Ossiam bought a new position in shares of Liberty Property Trust (NYSE:LPT) during the 2nd quarter, HoldingsChannel reports. The institutional investor bought 13,004 shares of the real estate investment trust’s stock, valued at approximately $651,000.

A number of other large investors have also bought and sold shares of LPT. South Dakota Investment Council lifted its holdings in shares of Liberty Property Trust by 21.1% in the second quarter. South Dakota Investment Council now owns 66,500 shares of the real estate investment trust’s stock valued at $3,328,000 after purchasing an additional 11,600 shares in the last quarter. Commonwealth Bank of Australia grew its holdings in shares of Liberty Property Trust by 62.4% during the second quarter. Commonwealth Bank of Australia now owns 778,715 shares of the real estate investment trust’s stock worth $38,964,000 after buying an additional 299,139 shares in the last quarter. Northern Trust Corp grew its holdings in shares of Liberty Property Trust by 1.2% during the second quarter. Northern Trust Corp now owns 2,455,085 shares of the real estate investment trust’s stock worth $122,853,000 after buying an additional 29,230 shares in the last quarter. RVB Capital Management LLC acquired a new stake in Liberty Property Trust in the 2nd quarter valued at approximately $3,753,000. Finally, Carlson Capital L P raised its position in Liberty Property Trust by 49.2% in the 2nd quarter. Carlson Capital L P now owns 626,468 shares of the real estate investment trust’s stock valued at $31,348,000 after buying an additional 206,597 shares during the last quarter. 92.92% of the stock is owned by hedge funds and other institutional investors.

In other news, SVP Mary Beth Morrissey sold 4,321 shares of the business’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $52.34, for a total transaction of $226,161.14. Following the transaction, the senior vice president now directly owns 53,300 shares in the company, valued at approximately $2,789,722. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.40% of the stock is owned by insiders.

Several equities research analysts have commented on the company. Wells Fargo & Co boosted their target price on Liberty Property Trust from $55.00 to $57.00 and gave the company an “outperform” rating in a research note on Wednesday, August 21st. Goldman Sachs Group initiated coverage on shares of Liberty Property Trust in a research note on Wednesday, May 15th. They set a “neutral” rating and a $49.00 price target for the company. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Liberty Property Trust presently has an average rating of “Hold” and an average target price of $50.75.

Shares of LPT traded down $0.57 during midday trading on Wednesday, reaching $50.51. The stock had a trading volume of 567,807 shares, compared to its average volume of 1,179,338. The firm has a 50 day simple moving average of $51.82 and a 200-day simple moving average of $49.77. Liberty Property Trust has a one year low of $39.82 and a one year high of $53.39. The firm has a market cap of $7.62 billion, a PE ratio of 22.96, a P/E/G ratio of 3.31 and a beta of 0.76. The company has a current ratio of 2.27, a quick ratio of 2.27 and a debt-to-equity ratio of 0.91.

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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