Centersquare Investment Management LLC cut its stake in shares of Liberty Property Trust (NYSE:LPT) by 41.9% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,499,676 shares of the real estate investment trust’s stock after selling 1,079,692 shares during the period. Centersquare Investment Management LLC owned approximately 1.01% of Liberty Property Trust worth $72,615,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Northwood Liquid Management LP purchased a new stake in Liberty Property Trust during the 4th quarter valued at approximately $9,843,000. Laurion Capital Management LP purchased a new stake in Liberty Property Trust during the 1st quarter valued at approximately $1,658,000. BlackRock Inc. raised its stake in Liberty Property Trust by 2.4% during the 4th quarter. BlackRock Inc. now owns 20,474,937 shares of the real estate investment trust’s stock valued at $857,491,000 after acquiring an additional 478,128 shares during the last quarter. Stevens Capital Management LP raised its stake in Liberty Property Trust by 133.1% during the 1st quarter. Stevens Capital Management LP now owns 30,811 shares of the real estate investment trust’s stock valued at $1,492,000 after acquiring an additional 17,594 shares during the last quarter. Finally, Commonwealth Bank of Australia raised its stake in Liberty Property Trust by 17,341.0% during the 4th quarter. Commonwealth Bank of Australia now owns 261,266 shares of the real estate investment trust’s stock valued at $11,120,000 after acquiring an additional 259,768 shares during the last quarter. 92.61% of the stock is owned by hedge funds and other institutional investors.
A number of equities analysts have recently issued reports on LPT shares. Zacks Investment Research raised Liberty Property Trust from a “sell” rating to a “hold” rating in a research note on Tuesday, February 12th. Goldman Sachs Group started coverage on Liberty Property Trust in a research note on Wednesday, May 15th. They set a “neutral” rating and a $49.00 target price for the company. Seven investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $46.57.
Liberty Property Trust (NYSE:LPT) last released its quarterly earnings results on Tuesday, April 30th. The real estate investment trust reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.60 by $0.02. The business had revenue of $156.89 million for the quarter, compared to analysts’ expectations of $126.10 million. Liberty Property Trust had a return on equity of 4.61% and a net margin of 57.53%. The company’s revenue was up 7.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.65 EPS. Research analysts expect that Liberty Property Trust will post 2.59 EPS for the current fiscal year.
In related news, CAO Mary Beth Morrissey sold 5,870 shares of the company’s stock in a transaction that occurred 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 sale, the chief accounting officer now owns 57,621 shares in the company, valued at approximately $2,879,321.37. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.40% of the company’s stock.
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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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