Korea Investment CORP Sells 68,500 Shares of Liberty Property Trust (LPT)
Korea Investment CORP decreased its position in Liberty Property Trust (NYSE:LPT) by 34.7% during the second quarter, Holdings Channel reports. The fund owned 129,000 shares of the real estate investment trust’s stock after selling 68,500 shares during the period. Korea Investment CORP’s holdings in Liberty Property Trust were worth $5,252,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. Robecosam AG increased its stake in shares of Liberty Property Trust by 107.7% in the first quarter. Robecosam AG now owns 2,700 shares of the real estate investment trust’s stock worth $103,000 after buying an additional 1,400 shares during the last quarter. First Quadrant L P CA bought a new stake in shares of Liberty Property Trust during the first quarter worth $136,000. Mn Services Vermogensbeheer B.V. increased its stake in shares of Liberty Property Trust by 5.5% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 3,920 shares of the real estate investment trust’s stock worth $141,000 after buying an additional 206 shares during the last quarter. Gilbert & Cook Inc. bought a new stake in shares of Liberty Property Trust during the second quarter worth $203,000. Finally, Envestnet Asset Management Inc. increased its stake in shares of Liberty Property Trust by 25.0% in the first quarter. Envestnet Asset Management Inc. now owns 5,736 shares of the real estate investment trust’s stock worth $223,000 after buying an additional 1,148 shares during the last quarter. 91.52% of the stock is currently owned by institutional investors and hedge funds.
Shares of Liberty Property Trust (LPT) opened at 40.73 on Friday. Liberty Property Trust has a 12 month low of $36.22 and a 12 month high of $42.80. The company has a market cap of $6.00 billion, a P/E ratio of 17.42 and a beta of 0.88. The company’s 50-day moving average price is $41.34 and its 200-day moving average price is $40.32.
Liberty Property Trust (NYSE:LPT) last announced its earnings results on Tuesday, July 25th. The real estate investment trust reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.03. The firm had revenue of $183.13 million during the quarter, compared to analysts’ expectations of $175.60 million. Liberty Property Trust had a return on equity of 11.37% and a net margin of 47.24%. The business’s revenue was down 1.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.68 EPS. Equities analysts forecast that Liberty Property Trust will post $1.24 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Saturday, July 15th. Investors of record on Monday, July 3rd were given a $0.40 dividend. The ex-dividend date of this dividend was Thursday, June 29th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.93%. Liberty Property Trust’s dividend payout ratio (DPR) is presently 68.38%.
LPT has been the topic of a number of recent research reports. Stifel Nicolaus raised their price objective on 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 downgraded Liberty Property Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, June 21st. Finally, Zacks Investment Research raised Liberty Property Trust from a “hold” rating to a “buy” rating and set a $46.00 price objective on the stock in a research report on Wednesday, June 28th. One analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the stock. Liberty Property Trust presently has an average rating of “Hold” and a consensus target price 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).
Want to see what other hedge funds are holding LPT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Liberty Property Trust (NYSE:LPT).
Receive News & Ratings for Liberty Property Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Liberty Property Trust and related companies with Analyst Ratings Network's FREE daily email newsletter.