Russell Investments Group Ltd. decreased its position in shares of Liberty Property Trust (NYSE:LPT) by 8.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 154,232 shares of the real estate investment trust’s stock after selling 14,600 shares during the quarter. Russell Investments Group Ltd. owned 0.10% of Liberty Property Trust worth $6,333,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in LPT. Balyasny Asset Management LLC lifted its holdings in shares of Liberty Property Trust by 732.1% during the second quarter. Balyasny Asset Management LLC now owns 749,540 shares of the real estate investment trust’s stock worth $30,514,000 after purchasing an additional 659,467 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Liberty Property Trust by 21.0% during the second quarter. JPMorgan Chase & Co. now owns 3,736,798 shares of the real estate investment trust’s stock worth $152,125,000 after purchasing an additional 649,069 shares during the period. Renaissance Technologies LLC lifted its holdings in shares of Liberty Property Trust by 231.7% during the second quarter. Renaissance Technologies LLC now owns 571,800 shares of the real estate investment trust’s stock worth $23,278,000 after purchasing an additional 399,424 shares during the period. Canada Pension Plan Investment Board lifted its holdings in shares of Liberty Property Trust by 891.4% during the third quarter. Canada Pension Plan Investment Board now owns 439,200 shares of the real estate investment trust’s stock worth $18,034,000 after purchasing an additional 394,900 shares during the period. Finally, Prudential Financial Inc. lifted its holdings in shares of Liberty Property Trust by 50.8% during the third quarter. Prudential Financial Inc. now owns 983,042 shares of the real estate investment trust’s stock worth $40,364,000 after purchasing an additional 331,010 shares during the period. 91.46% of the stock is owned by hedge funds and other institutional investors.

LPT has been the subject of a number of research reports. Zacks Investment Research raised Liberty Property Trust from a “hold” rating to a “buy” rating and set a $47.00 target price for the company in a report on Thursday, August 24th. Sandler O’Neill raised Liberty Property Trust from a “sell” rating to a “hold” rating and set a $45.00 price target for the company in a report on Wednesday, October 25th. Stifel Nicolaus reissued a “buy” rating and issued a $44.00 price target on shares of Liberty Property Trust in a report on Thursday, September 21st. Finally, KeyCorp reissued a “hold” rating on shares of Liberty Property Trust in a report on Friday, August 25th. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $44.17.

In other news, Director David L. Lingerfelt sold 18,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $44.56, for a total value of $802,080.00. Following the completion of the sale, the director now directly owns 56,814 shares in the company, valued at $2,531,631.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.50% of the stock is owned by insiders.

Liberty Property Trust (NYSE:LPT) opened at $44.78 on Friday. Liberty Property Trust has a twelve month low of $37.21 and a twelve month high of $45.40. The stock has a market capitalization of $6,601.38, a P/E ratio of 19.30, a price-to-earnings-growth ratio of 2.93 and a beta of 0.88. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.78 and a quick ratio of 1.78.

Liberty Property Trust (NYSE:LPT) last announced its quarterly earnings results on Tuesday, October 24th. The real estate investment trust reported $0.40 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.63 by ($0.23). Liberty Property Trust had a net margin of 47.78% and a return on equity of 11.41%. The company had revenue of $193.65 million during the quarter, compared to analyst estimates of $174.65 million. During the same period in the previous year, the firm posted $0.66 earnings per share. The company’s revenue was up 1.5% compared to the same quarter last year. equities research analysts predict that Liberty Property Trust will post 2.55 EPS for the current fiscal year.

Liberty Property Trust announced that its board has approved a share buyback plan on Monday, October 2nd that allows the company to repurchase $250.00 million in shares. This repurchase authorization allows the real estate investment trust to repurchase shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors believes its shares are undervalued.

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

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