Hancock Holding Co. acquired a new stake in Liberty Property Trust (NYSE:LPT) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 23,862 shares of the real estate investment trust’s stock, valued at approximately $971,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in shares of Liberty Property Trust by 3.0% in the 1st quarter. Vanguard Group Inc. now owns 23,649,942 shares of the real estate investment trust’s stock valued at $911,706,000 after purchasing an additional 695,589 shares in the last quarter. BlackRock Inc. raised its holdings in shares of Liberty Property Trust by 1,913.0% in the 1st quarter. BlackRock Inc. now owns 19,225,871 shares of the real estate investment trust’s stock valued at $741,156,000 after purchasing an additional 18,270,789 shares in the last quarter. Morgan Stanley raised its holdings in shares of Liberty Property Trust by 5.1% in the 1st quarter. Morgan Stanley now owns 5,691,514 shares of the real estate investment trust’s stock valued at $219,408,000 after purchasing an additional 276,677 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of 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 purchasing an additional 649,069 shares in the last quarter. Finally, PGGM Investments raised its holdings in shares of Liberty Property Trust by 2.4% in the 2nd quarter. PGGM Investments now owns 2,858,000 shares of the real estate investment trust’s stock valued at $116,349,000 after purchasing an additional 68,000 shares in the last quarter. Institutional investors and hedge funds own 91.65% of the company’s stock.

Shares of Liberty Property Trust (NYSE LPT) opened at 41.06 on Friday. The firm has a market capitalization of $6.05 billion, a price-to-earnings ratio of 17.56 and a beta of 0.88. The stock has a 50 day moving average of $42.09 and a 200-day moving average of $40.97. Liberty Property Trust has a one year low of $36.22 and a one year high of $43.70.

Liberty Property Trust (NYSE:LPT) last posted its earnings results on Tuesday, July 25th. The real estate investment trust reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.03. Liberty Property Trust had a net margin of 47.24% and a return on equity of 11.37%. The business had revenue of $183.13 million for the quarter, compared to analysts’ expectations of $175.60 million. During the same period in the previous year, the company posted $0.68 earnings per share. The business’s revenue for the quarter was down 1.9% compared to the same quarter last year. On average, equities analysts anticipate that Liberty Property Trust will post $1.23 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Sunday, October 15th. Stockholders of record on Monday, October 2nd will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, September 29th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.90%. Liberty Property Trust’s payout ratio is currently 68.38%.

A number of equities research analysts have recently weighed in on LPT shares. BidaskClub lowered shares of Liberty Property Trust from a “buy” rating to a “hold” rating in a report on Wednesday, June 21st. Zacks Investment Research upgraded shares of Liberty Property Trust from a “hold” rating to a “buy” rating and set a $46.00 price objective on the stock in a report on Wednesday, June 28th. Stifel Nicolaus restated a “buy” rating and issued a $44.00 price objective on shares of Liberty Property Trust in a report on Thursday, July 6th. Finally, KeyCorp restated a “hold” rating on shares of Liberty Property Trust in a report on Friday, August 25th. One analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $43.60.

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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).

Institutional Ownership by Quarter for Liberty Property Trust (NYSE:LPT)

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