Maple Capital Management Inc. trimmed its holdings in shares of Liberty Property Trust (NYSE:LPT) by 7.5% in the 4th quarter, HoldingsChannel.com reports. The fund owned 45,689 shares of the real estate investment trust’s stock after selling 3,725 shares during the quarter. Maple Capital Management Inc.’s holdings in Liberty Property Trust were worth $1,913,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in LPT. Cohen & Steers Inc. lifted its stake in Liberty Property Trust by 81.8% during the 4th quarter. Cohen & Steers Inc. now owns 6,274,563 shares of the real estate investment trust’s stock valued at $262,779,000 after acquiring an additional 2,823,846 shares during the period. Oregon Public Employees Retirement Fund lifted its stake in Liberty Property Trust by 4,088.0% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 2,448,263 shares of the real estate investment trust’s stock valued at $58,000 after acquiring an additional 2,389,804 shares during the period. Land & Buildings Investment Management LLC acquired a new stake in Liberty Property Trust during the 3rd quarter valued at approximately $36,645,000. JPMorgan Chase & Co. lifted its stake in Liberty Property Trust by 22.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,276,931 shares of the real estate investment trust’s stock valued at $138,450,000 after acquiring an additional 597,054 shares during the period. Finally, Vision Capital Corp acquired a new stake in Liberty Property Trust during the 4th quarter valued at approximately $21,920,000. Institutional investors and hedge funds own 93.54% of the company’s stock.

LPT opened at $48.59 on Friday. The company has a quick ratio of 2.68, a current ratio of 2.68 and a debt-to-equity ratio of 0.91. Liberty Property Trust has a 1 year low of $38.58 and a 1 year high of $49.08. The firm has a market capitalization of $7.19 billion, a P/E ratio of 22.09, a PEG ratio of 3.14 and a beta of 0.77.

Liberty Property Trust (NYSE:LPT) last posted its earnings results on Tuesday, February 5th. The real estate investment trust reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.11. The firm had revenue of $124.90 million during the quarter, compared to analysts’ expectations of $123.19 million. Liberty Property Trust had a net margin of 66.67% and a return on equity of 4.81%. The business’s revenue was up 9.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.68 EPS. As a group, equities research analysts forecast that Liberty Property Trust will post 2.58 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Monday, April 1st will be given a dividend of $0.41 per share. The ex-dividend date is Friday, March 29th. This is a boost from Liberty Property Trust’s previous quarterly dividend of $0.40. This represents a $1.64 dividend on an annualized basis and a yield of 3.38%. Liberty Property Trust’s dividend payout ratio is currently 72.73%.

LPT has been the subject of several analyst reports. SunTrust Banks cut shares of Liberty Property Trust from a “buy” rating to a “hold” rating in a research note on Tuesday, January 15th. Mitsubishi UFJ Financial Group cut shares of Liberty Property Trust from an “overweight” rating to a “neutral” rating and decreased their target price for the company from $47.00 to $42.00 in a research note on Friday, January 4th. Zacks Investment Research upgraded shares of Liberty Property Trust from a “sell” rating to a “hold” rating in a research note on Tuesday, February 12th. Finally, ValuEngine upgraded shares of Liberty Property Trust from a “hold” rating to a “buy” rating in a research note on Wednesday, November 21st. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $44.83.

In other Liberty Property Trust news, Director David L. Lingerfelt sold 2,200 shares of the company’s stock in a transaction on Thursday, February 7th. The shares were sold at an average price of $47.24, for a total transaction of $103,928.00. Following the completion of the transaction, the director now directly owns 50,915 shares in the company, valued at $2,405,224.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CIO Michael T. Hagan sold 27,626 shares of the company’s stock in a transaction on Wednesday, February 27th. The stock was sold at an average price of $47.22, for a total transaction of $1,304,499.72. Following the transaction, the executive now owns 194,052 shares of the company’s stock, valued at $9,163,135.44. The disclosure for this sale can be found here. Insiders have sold 36,063 shares of company stock valued at $1,700,007 over the last 90 days. 1.20% of the stock is currently owned by company insiders.

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Liberty Property Trust Company Profile

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 industrial and office properties. Liberty's 103.5 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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