Bank of Montreal Can reduced its position in shares of Liberty Property Trust (NYSE:LPT) by 31.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 747,108 shares of the real estate investment trust’s stock after selling 335,500 shares during the period. Bank of Montreal Can’s holdings in Liberty Property Trust were worth $30,415,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in LPT. Renaissance Technologies LLC boosted its stake in Liberty Property Trust by 652.7% in the fourth quarter. Renaissance Technologies LLC now owns 262,700 shares of the real estate investment trust’s stock worth $10,377,000 after buying an additional 227,800 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in Liberty Property Trust by 11.9% in the fourth quarter. Envestnet Asset Management Inc. now owns 4,588 shares of the real estate investment trust’s stock worth $183,000 after buying an additional 487 shares in the last quarter. GSA Capital Partners LLP purchased a new stake in Liberty Property Trust during the fourth quarter worth approximately $262,000. Norges Bank purchased a new stake in Liberty Property Trust during the fourth quarter worth approximately $53,077,000. Finally, Teachers Advisors LLC boosted its stake in Liberty Property Trust by 16.5% in the fourth quarter. Teachers Advisors LLC now owns 182,362 shares of the real estate investment trust’s stock worth $7,203,000 after buying an additional 25,870 shares in the last quarter. Institutional investors and hedge funds own 91.25% of the company’s stock.

Liberty Property Trust (NYSE:LPT) opened at 40.88 on Monday. The firm’s 50-day moving average price is $41.58 and its 200-day moving average price is $40.01. The company has a market cap of $6.02 billion, a PE ratio of 17.55 and a beta of 0.88. Liberty Property Trust has a 12-month low of $36.22 and a 12-month high of $42.80.

Liberty Property Trust (NYSE:LPT) last posted its quarterly earnings results on Tuesday, April 25th. The real estate investment trust reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.02. Liberty Property Trust had a net margin of 46.77% and a return on equity of 11.44%. The firm had revenue of $175.40 million during the quarter, compared to the consensus estimate of $177.25 million. During the same period in the previous year, the firm posted $0.62 earnings per share. The business’s revenue was down 7.7% compared to the same quarter last year. Equities research analysts forecast that Liberty Property Trust will post $1.26 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Saturday, July 15th. Shareholders of record on Monday, July 3rd were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 3.91%. The ex-dividend date of this dividend was Thursday, June 29th. Liberty Property Trust’s dividend payout ratio (DPR) is currently 68.67%.

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A number of analysts recently commented on LPT shares. BMO Capital Markets restated a “hold” rating and issued a $40.00 price objective on shares of Liberty Property Trust in a research report on Wednesday, March 22nd. Mitsubishi UFJ Financial Group restated an “overweight” rating on shares of Liberty Property Trust in a research report on Thursday, March 30th. Stifel Nicolaus upped their price objective on shares of Liberty Property Trust from $42.00 to $44.00 and gave the company a “buy” rating in a research report on Wednesday, April 26th. BidaskClub cut shares of Liberty Property Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, June 21st. Finally, Zacks Investment Research upgraded shares of Liberty Property Trust from a “hold” rating to a “buy” rating and set a $46.00 price objective for the company in a research report on Wednesday, June 28th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the stock. Liberty Property Trust has a consensus rating of “Hold” and a consensus price target of $42.33.

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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