Nomura Asset Management Co. Ltd. Has $4,343,000 Stake in Liberty Property Trust (LPT)
Nomura Asset Management Co. Ltd. reduced its position in Liberty Property Trust (NYSE:LPT) by 0.6% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 107,640 shares of the real estate investment trust’s stock after selling 640 shares during the period. Nomura Asset Management Co. Ltd. owned about 0.07% of Liberty Property Trust worth $4,343,000 as of its most recent SEC filing.
Several other hedge funds also recently made changes to their positions in LPT. Convergence Investment Partners LLC boosted its stake in shares of Liberty Property Trust by 1.6% in the third quarter. Convergence Investment Partners LLC now owns 73,117 shares of the real estate investment trust’s stock worth $2,950,000 after buying an additional 1,163 shares in the last quarter. Pacer Advisors Inc. boosted its position in Liberty Property Trust by 9.4% in the third quarter. Pacer Advisors Inc. now owns 19,387 shares of the real estate investment trust’s stock valued at $782,000 after buying an additional 1,662 shares in the last quarter. Catalyst Capital Advisors LLC acquired a new position in Liberty Property Trust during the third quarter valued at $101,000. King Luther Capital Management Corp acquired a new position in Liberty Property Trust during the third quarter valued at $242,000. Finally, Principal Financial Group Inc. boosted its position in Liberty Property Trust by 122.8% in the third quarter. Principal Financial Group Inc. now owns 1,669,505 shares of the real estate investment trust’s stock valued at $67,364,000 after buying an additional 920,251 shares in the last quarter. 97.01% of the stock is owned by institutional investors.
Liberty Property Trust (NYSE:LPT) traded up 0.47% during trading on Friday, reaching $40.38. The company’s stock had a trading volume of 285,247 shares. The stock has a market cap of $5.94 billion, a P/E ratio of 24.59 and a beta of 0.92. Liberty Property Trust has a 52-week low of $26.94 and a 52-week high of $42.26. The firm’s 50-day moving average is $39.59 and its 200-day moving average is $39.80.
Liberty Property Trust (NYSE:LPT) last announced its quarterly earnings data on Tuesday, October 25th. The real estate investment trust reported $0.66 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.66. The company earned $190.86 million during the quarter, compared to analysts’ expectations of $188.30 million. Liberty Property Trust had a return on equity of 8.17% and a net margin of 31.51%. Liberty Property Trust’s revenue for the quarter was down 4.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.67 EPS. Equities research analysts forecast that Liberty Property Trust will post $1.23 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 16th. Stockholders of record on Tuesday, January 3rd will be issued a $0.475 dividend. This represents a $1.90 annualized dividend and a dividend yield of 4.73%. The ex-dividend date is Thursday, December 29th. Liberty Property Trust’s payout ratio is 115.85%.
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LPT has been the subject of several research analyst reports. Capital One Financial Corporation raised Liberty Property Trust from an “equal weight” rating to an “overweight” rating and set a $41.00 price objective for the company in a research report on Tuesday, October 4th. Zacks Investment Research cut Liberty Property Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, October 5th. Stifel Nicolaus raised Liberty Property Trust from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $40.00 to $44.00 in a research report on Wednesday, October 26th. They noted that the move was a valuation call. Wells Fargo & Company raised Liberty Property Trust from a “market perform” rating to an “outperform” rating in a research report on Tuesday, December 13th. Finally, Sandler O’Neill cut Liberty Property Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, December 14th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $42.17.
About Liberty Property Trust
Liberty Property Trust is a real estate investment trust. The Company’s operations are primarily conducted by its subsidiary, Liberty Property Limited Partnership. Its segments include Carolinas; Chicago/Milwaukee; Houston, Lehigh/Central PA; Minnesota; Orlando; Philadelphia; Richmond/Hampton Roads; Southeastern PA; South Florida; Tampa; United Kingdom, and Other, which includes Arizona, Atlanta, Cincinnati/Columbus/Indianapolis, Dallas, Maryland, New Jersey, Northern Virginia, Southern California, Washington DC and other segments.
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