Veritable L.P. lowered its position in shares of Liberty Property Trust (NYSE:LPT) by 6.7% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 18,368 shares of the real estate investment trust’s stock after selling 1,329 shares during the quarter. Veritable L.P.’s holdings in Liberty Property Trust were worth $748,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. OxFORD Asset Management LLP bought a new stake in shares of Liberty Property Trust during the second quarter worth $440,000. Dimensional Fund Advisors LP raised its position in shares of Liberty Property Trust by 5.9% during the second quarter. Dimensional Fund Advisors LP now owns 2,133,207 shares of the real estate investment trust’s stock worth $86,844,000 after acquiring an additional 119,503 shares during the last quarter. Virtu KCG Holdings LLC bought a new stake in shares of Liberty Property Trust during the second quarter worth $212,000. Hancock Holding Co. bought a new stake in shares of Liberty Property Trust during the second quarter worth $971,000. Finally, Renaissance Technologies LLC raised its position 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 acquiring an additional 399,424 shares during the last quarter. Institutional investors own 91.65% of the company’s stock.

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LPT has been the subject of a number of recent analyst reports. Stifel Nicolaus reiterated a “buy” rating and issued a $44.00 price objective on shares of Liberty Property Trust in a report on Thursday, September 21st. Zacks Investment Research downgraded Liberty Property Trust from a “buy” rating to a “hold” rating in a report on Wednesday, September 13th. Finally, KeyCorp reiterated a “hold” rating on shares of Liberty Property Trust in a report on Friday, August 25th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $43.60.

Shares of Liberty Property Trust (NYSE LPT) opened at 41.06 on Friday. The company has a 50-day moving average price of $42.09 and a 200-day moving average price of $40.97. Liberty Property Trust has a 12-month low of $36.22 and a 12-month high of $43.70. The company has a market cap of $6.05 billion, a P/E ratio of 17.56 and a beta of 0.88.

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 (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.62 by $0.03. The business had revenue of $183.13 million during the quarter, compared to analyst estimates of $175.60 million. Liberty Property Trust had a return on equity of 11.37% and a net margin of 47.24%. Liberty Property Trust’s revenue for the quarter was down 1.9% compared to the same quarter last year. During the same period last year, the company earned $0.68 EPS. On average, analysts predict that Liberty Property Trust will post $1.23 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Sunday, October 15th. Investors of record on Monday, October 2nd will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 3.90%. The ex-dividend date is Friday, September 29th. Liberty Property Trust’s dividend payout ratio is currently 68.38%.

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).

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

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