Cape Cod Five Cents Savings Bank raised its stake in shares of Liberty Property Trust (NYSE:LPT) by 112.0% during the second quarter, Holdings Channel reports. The fund owned 37,812 shares of the real estate investment trust’s stock after buying an additional 19,975 shares during the period. Cape Cod Five Cents Savings Bank’s holdings in Liberty Property Trust were worth $1,539,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of LPT. Telos Capital Management Inc. increased its position in shares of Liberty Property Trust by 0.7% in the first quarter. Telos Capital Management Inc. now owns 7,672 shares of the real estate investment trust’s stock valued at $296,000 after buying an additional 53 shares during the period. Shell Asset Management Co. increased its position in shares of Liberty Property Trust by 1.0% in the first quarter. Shell Asset Management Co. now owns 8,681 shares of the real estate investment trust’s stock valued at $335,000 after buying an additional 84 shares during the period. Westwood Holdings Group Inc. increased its position in shares of Liberty Property Trust by 0.5% in the first quarter. Westwood Holdings Group Inc. now owns 23,908 shares of the real estate investment trust’s stock valued at $922,000 after buying an additional 115 shares during the period. Capstone Asset Management Co. increased its position in shares of Liberty Property Trust by 1.3% in the first quarter. Capstone Asset Management Co. now owns 14,797 shares of the real estate investment trust’s stock valued at $570,000 after buying an additional 190 shares during the period. Finally, Daiwa Securities Group Inc. increased its position in shares of Liberty Property Trust by 0.7% in the first quarter. Daiwa Securities Group Inc. now owns 28,300 shares of the real estate investment trust’s stock valued at $1,091,000 after buying an additional 200 shares during the period. Institutional investors and hedge funds own 91.25% of the company’s stock.

Liberty Property Trust (NYSE:LPT) opened at 41.44 on Tuesday. The stock’s 50 day moving average is $41.58 and its 200 day moving average is $40.01. Liberty Property Trust has a 52 week low of $36.22 and a 52 week high of $42.80. The company has a market capitalization of $6.10 billion, a P/E ratio of 17.79 and a beta of 0.88.

Liberty Property Trust (NYSE:LPT) last posted its quarterly earnings results on Tuesday, April 25th. The real estate investment trust reported $0.60 EPS 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 business had revenue of $175.40 million during the quarter, compared to analyst estimates of $177.25 million. During the same quarter in the previous year, the business posted $0.62 EPS. The company’s quarterly revenue was down 7.7% compared to the same quarter last year. On average, equities research analysts expect that Liberty Property Trust will post $1.26 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Saturday, July 15th. Investors of record on Monday, July 3rd were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Thursday, June 29th. This represents a $1.60 annualized dividend and a dividend yield of 3.86%. Liberty Property Trust’s dividend payout ratio (DPR) is presently 68.67%.

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LPT has been the subject of several recent analyst reports. Stifel Nicolaus reaffirmed a “buy” rating and set a $44.00 price objective on shares of Liberty Property Trust in a research note on Thursday, July 6th. Mitsubishi UFJ Financial Group reaffirmed an “overweight” rating on shares of Liberty Property Trust in a research note on Thursday, March 30th. Zacks Investment Research raised 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 note on Wednesday, June 28th. BidaskClub downgraded shares of Liberty Property Trust from a “buy” rating to a “hold” rating in a research note on Wednesday, June 21st. Finally, BMO Capital Markets reaffirmed a “hold” rating and set a $40.00 price objective on shares of Liberty Property Trust in a research note on Wednesday, March 22nd. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average 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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