Fmr LLC boosted its holdings in shares of Liberty Property Trust (NYSE:LPT) by 64.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,143,743 shares of the real estate investment trust’s stock after acquiring an additional 449,360 shares during the quarter. Fmr LLC owned about 0.77% of Liberty Property Trust worth $50,702,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. BlackRock Inc. increased its stake in Liberty Property Trust by 2.5% during the first quarter. BlackRock Inc. now owns 20,572,445 shares of the real estate investment trust’s stock worth $817,345,000 after acquiring an additional 502,695 shares during the last quarter. Royal Bank of Canada increased its stake in Liberty Property Trust by 3.8% during the first quarter. Royal Bank of Canada now owns 3,722,779 shares of the real estate investment trust’s stock worth $147,905,000 after acquiring an additional 136,454 shares during the last quarter. Northern Trust Corp increased its stake in Liberty Property Trust by 4.5% during the first quarter. Northern Trust Corp now owns 2,513,729 shares of the real estate investment trust’s stock worth $99,871,000 after acquiring an additional 107,599 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Liberty Property Trust by 1.0% during the second quarter. Dimensional Fund Advisors LP now owns 2,308,241 shares of the real estate investment trust’s stock worth $102,326,000 after acquiring an additional 22,649 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in Liberty Property Trust by 1.8% during the second quarter. Bank of New York Mellon Corp now owns 2,301,394 shares of the real estate investment trust’s stock worth $102,022,000 after acquiring an additional 41,780 shares during the last quarter. 91.23% of the stock is owned by institutional investors.

Several equities research analysts have issued reports on the company. Sandler O’Neill set a $44.00 target price on Liberty Property Trust and gave the stock a “hold” rating in a research note on Wednesday, July 25th. Morgan Stanley lowered their price target on Liberty Property Trust from $44.00 to $43.00 and set an “equal weight” rating for the company in a research report on Thursday, June 14th. Stifel Nicolaus raised their price target on Liberty Property Trust from $44.00 to $46.00 and gave the stock a “buy” rating in a research report on Wednesday, July 25th. Zacks Investment Research upgraded Liberty Property Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, August 8th. Finally, SunTrust Banks restated a “buy” rating and set a $47.00 price target on shares of Liberty Property Trust in a research report on Wednesday, August 8th. Six analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Liberty Property Trust currently has an average rating of “Hold” and an average target price of $44.20.

LPT opened at $42.12 on Tuesday. Liberty Property Trust has a 52 week low of $37.77 and a 52 week high of $45.40. The firm has a market cap of $6.38 billion, a PE ratio of 16.26, a PEG ratio of 2.74 and a beta of 0.61. The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 0.91.

Liberty Property Trust (NYSE:LPT) last released its quarterly earnings results on Tuesday, July 24th. The real estate investment trust reported $0.69 EPS for the quarter, topping the consensus estimate of $0.65 by $0.04. Liberty Property Trust had a return on equity of 7.21% and a net margin of 46.16%. The business had revenue of $176.60 million during the quarter, compared to analyst estimates of $166.69 million. During the same period last year, the business posted $0.65 earnings per share. equities research analysts predict that Liberty Property Trust will post 2.62 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, October 15th. Stockholders of record on Monday, October 1st will be given a dividend of $0.40 per share. The ex-dividend date is Friday, September 28th. This represents a $1.60 annualized dividend and a dividend yield of 3.80%. Liberty Property Trust’s dividend payout ratio is currently 61.78%.

About Liberty Property Trust

Liberty Property Trust (NYSE:LPT) is a leader in commercial real estate, serving customers in the United States and United Kingdom, through the development, acquisition, ownership and management of superior industrial and office properties. Liberty's 103 million square foot operating portfolio provides productive work environments for 1,200 tenants.

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

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