Toronto Dominion Bank trimmed its position in Liberty Property Trust (NYSE:LPT) by 13.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 23,096 shares of the real estate investment trust’s stock after selling 3,520 shares during the period. Toronto Dominion Bank’s holdings in Liberty Property Trust were worth $1,155,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Atria Investments LLC boosted its stake in Liberty Property Trust by 13.6% in the second quarter. Atria Investments LLC now owns 7,721 shares of the real estate investment trust’s stock valued at $396,000 after acquiring an additional 927 shares in the last quarter. Natixis acquired a new stake in Liberty Property Trust in the second quarter valued at approximately $261,000. Royal Bank of Canada boosted its stake in Liberty Property Trust by 0.8% in the second quarter. Royal Bank of Canada now owns 3,722,238 shares of the real estate investment trust’s stock valued at $186,261,000 after acquiring an additional 28,397 shares in the last quarter. UBS Group AG boosted its stake in Liberty Property Trust by 60.7% in the second quarter. UBS Group AG now owns 206,045 shares of the real estate investment trust’s stock valued at $10,310,000 after acquiring an additional 77,836 shares in the last quarter. Finally, Amundi Pioneer Asset Management Inc. boosted its stake in Liberty Property Trust by 17.8% in the second quarter. Amundi Pioneer Asset Management Inc. now owns 1,038,559 shares of the real estate investment trust’s stock valued at $51,969,000 after acquiring an additional 157,058 shares in the last quarter. Institutional investors own 92.86% of the company’s stock.

In other news, SVP Mary Beth Morrissey sold 4,321 shares of Liberty Property Trust stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $52.34, for a total transaction of $226,161.14. Following the completion of the sale, the senior vice president now directly owns 53,300 shares in the company, valued at $2,789,722. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 1.40% of the company’s stock.

Shares of NYSE:LPT traded up $0.02 on Wednesday, hitting $51.24. 15,524 shares of the company were exchanged, compared to its average volume of 873,092. Liberty Property Trust has a 1-year low of $39.82 and a 1-year high of $53.39. The stock’s 50 day moving average price is $51.36 and its 200 day moving average price is $50.18. The company has a current ratio of 2.27, a quick ratio of 2.27 and a debt-to-equity ratio of 0.91. The firm has a market capitalization of $7.60 billion, a P/E ratio of 23.29, a price-to-earnings-growth ratio of 3.31 and a beta of 0.75.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 1st will be paid a dividend of $0.41 per share. The ex-dividend date is Monday, September 30th. This represents a $1.64 annualized dividend and a dividend yield of 3.20%. Liberty Property Trust’s payout ratio is currently 74.55%.

Several equities research analysts have recently commented on LPT shares. Wells Fargo & Co lifted their price objective on shares of Liberty Property Trust from $55.00 to $57.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 21st. ValuEngine downgraded shares of Liberty Property Trust from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. JPMorgan Chase & Co. lifted their price objective on shares of Liberty Property Trust from $49.00 to $53.00 and gave the stock a “neutral” rating in a research note on Thursday, September 12th. Finally, Morgan Stanley lifted their price objective on shares of Liberty Property Trust from $49.00 to $54.00 and gave the stock an “equal weight” rating in a research note on Monday. Seven investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. Liberty Property Trust currently has a consensus rating of “Hold” and a consensus price target of $51.67.

Liberty Property Trust Company Profile

Liberty Property Trust 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 logistics, warehouse, manufacturing, and R&D facilities in key markets. Liberty's 108 million square foot operating portfolio provides productive work environments to 1,200 tenants.

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

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