Laurion Capital Management LP Invests $239,000 in Liberty Property Trust (LPT)
Laurion Capital Management LP acquired a new stake in shares of Liberty Property Trust (NYSE:LPT) during the first quarter, Holdings Channel reports. The firm acquired 6,200 shares of the real estate investment trust’s stock, valued at approximately $239,000.
A number of other hedge funds have also recently made changes to their positions in the stock. Robecosam AG raised 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 valued at $103,000 after buying an additional 1,400 shares in the last quarter. First Quadrant L P CA bought a new position in shares of Liberty Property Trust during the first quarter worth approximately $136,000. Capital Guardian Trust Co. bought a new position in shares of Liberty Property Trust during the fourth quarter worth approximately $138,000. Mn Services Vermogensbeheer B.V. increased its position 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. Finally, Envestnet Asset Management Inc. increased its position in shares of 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 during the last quarter. 95.35% of the stock is owned by hedge funds and other institutional investors.
Shares of Liberty Property Trust (NYSE:LPT) traded down 0.12% during trading on Friday, hitting $42.43. The stock had a trading volume of 1,051,373 shares. The stock’s 50-day moving average price is $41.37 and its 200 day moving average price is $39.87. Liberty Property Trust has a one year low of $36.22 and a one year high of $42.80. The stock has a market cap of $6.25 billion, a price-to-earnings ratio of 18.22 and a beta of 0.90.
Liberty Property Trust (NYSE:LPT) last issued its quarterly earnings data on Tuesday, April 25th. The real estate investment trust reported $0.60 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.58 by $0.02. The firm had revenue of $175.40 million for the quarter, compared to analysts’ expectations of $177.25 million. Liberty Property Trust had a net margin of 46.77% and a return on equity of 11.44%. The company’s quarterly revenue was down 7.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.62 earnings per share. On average, equities analysts forecast that Liberty Property Trust will post $1.26 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Saturday, July 15th. Shareholders of record on Monday, July 3rd will be paid a dividend of $0.40 per share. The ex-dividend date is Thursday, June 29th. This represents a $1.60 annualized dividend and a yield of 3.77%. Liberty Property Trust’s dividend payout ratio is 68.67%.
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Several equities analysts have recently issued reports on the company. BMO Capital Markets reiterated a “hold” rating and set a $40.00 price objective on shares of Liberty Property Trust in a research report on Wednesday, March 22nd. Mitsubishi UFJ Financial Group reiterated an “overweight” rating on shares of Liberty Property Trust in a research report on Thursday, March 30th. Finally, Stifel Nicolaus boosted their price objective on Liberty Property Trust from $42.00 to $44.00 and gave the stock a “buy” rating in a research report on Wednesday, April 26th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $41.71.
In related news, Director Fredric J. Tomczyk purchased 5,000 shares of the firm’s stock in a transaction dated Monday, March 27th. The shares were acquired at an average cost of $38.85 per share, with a total value of $194,250.00. Following the completion of the purchase, the director now directly owns 12,583 shares of the company’s stock, valued at $488,849.55. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.40% of the stock is currently owned by corporate insiders.
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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