Liberty Property Trust (LPT) Shares Bought by Schwab Charles Investment Management Inc.
Schwab Charles Investment Management Inc. increased its position in Liberty Property Trust (NYSE:LPT) by 9.7% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 1,387,618 shares of the real estate investment trust’s stock after buying an additional 122,405 shares during the period. Schwab Charles Investment Management Inc. owned approximately 0.95% of Liberty Property Trust worth $56,490,000 at the end of the most recent quarter.
A number of other institutional investors also recently added to or reduced their stakes in LPT. Robecosam AG boosted its position in 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 in the last quarter. First Quadrant L P CA bought a new position in Liberty Property Trust during the first quarter worth about $136,000. Mn Services Vermogensbeheer B.V. boosted its position in 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 in the last quarter. Gilbert & Cook Inc. bought a new position in Liberty Property Trust during the second quarter worth about $203,000. Finally, Envestnet Asset Management Inc. boosted its position in 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 in the last quarter. Institutional investors and hedge funds own 91.64% of the company’s stock.
Liberty Property Trust (NYSE:LPT) opened at 42.76 on Friday. The company’s 50-day moving average is $41.71 and its 200-day moving average is $40.66. The firm has a market capitalization of $6.30 billion, a PE ratio of 18.29 and a beta of 0.88. Liberty Property Trust has a 52-week low of $36.22 and a 52-week high of $42.94.
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 for the quarter, beating analysts’ consensus estimates of $0.62 by $0.03. The business had revenue of $183.13 million for the quarter, compared to the consensus estimate of $175.60 million. Liberty Property Trust had a net margin of 47.24% and a return on equity of 11.37%. Liberty Property Trust’s quarterly revenue was down 1.9% on a year-over-year basis. During the same period last year, the firm posted $0.68 earnings per share. Analysts forecast that Liberty Property Trust will post $1.24 EPS for the current fiscal year.
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A number of equities analysts recently issued reports on LPT shares. Zacks Investment Research upgraded shares of Liberty Property Trust from a “hold” rating to a “buy” rating and set a $47.00 price objective for the company in a research report on Wednesday, August 16th. Stifel Nicolaus reiterated a “buy” rating and set a $44.00 price objective on shares of Liberty Property Trust in a research report on Thursday, July 6th. KeyCorp reiterated a “hold” rating on shares of Liberty Property Trust in a research report on Friday, August 25th. Finally, BidaskClub cut shares of Liberty Property Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, June 21st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $42.50.
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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