Summit Global Investments acquired a new position in shares of Liberty Property Trust (NYSE:LPT) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm acquired 24,620 shares of the real estate investment trust’s stock, valued at approximately $1,192,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Zions Bancorporation N.A. purchased a new position in Liberty Property Trust during the 1st quarter worth $36,000. ERTS Wealth Advisors LLC purchased a new position in Liberty Property Trust during the 4th quarter worth $33,000. Rockefeller Capital Management L.P. purchased a new position in Liberty Property Trust during the 1st quarter worth $39,000. Quadrant Capital Group LLC increased its holdings in Liberty Property Trust by 74.1% during the 1st quarter. Quadrant Capital Group LLC now owns 940 shares of the real estate investment trust’s stock worth $40,000 after purchasing an additional 400 shares during the period. Finally, Fort L.P. purchased a new position in Liberty Property Trust during the 4th quarter worth $44,000. Institutional investors own 92.61% of the company’s stock.

In other news, CAO Mary Beth Morrissey sold 5,870 shares of Liberty Property Trust stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $49.97, for a total value of $293,323.90. Following the transaction, the chief accounting officer now directly owns 57,621 shares in the company, valued at approximately $2,879,321.37. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.40% of the company’s stock.

A number of research analysts have recently issued reports on the company. Goldman Sachs Group assumed coverage on Liberty Property Trust in a report on Wednesday, May 15th. They issued a “neutral” rating and a $49.00 price target on the stock. Zacks Investment Research downgraded Liberty Property Trust from a “buy” rating to a “hold” rating in a report on Wednesday, April 10th. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Liberty Property Trust presently has an average rating of “Hold” and an average target price of $47.17.

Shares of NYSE:LPT traded up $0.07 on Friday, reaching $50.24. The company had a trading volume of 802,232 shares, compared to its average volume of 683,995. Liberty Property Trust has a 52-week low of $39.82 and a 52-week high of $50.48. The company has a market capitalization of $7.44 billion, a PE ratio of 22.84, a P/E/G ratio of 3.23 and a beta of 0.76. The company has a current ratio of 2.77, a quick ratio of 2.77 and a debt-to-equity ratio of 0.92.

Liberty Property Trust (NYSE:LPT) last announced its quarterly earnings results on Tuesday, April 30th. The real estate investment trust reported $0.62 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.02. Liberty Property Trust had a return on equity of 4.61% and a net margin of 57.53%. The business had revenue of $156.89 million for the quarter, compared to the consensus estimate of $126.10 million. During the same period last year, the business posted $0.65 EPS. The business’s revenue was up 7.2% compared to the same quarter last year. Research analysts predict that Liberty Property Trust will post 2.59 EPS for the current year.

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About Liberty Property Trust

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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