New Mexico Educational Retirement Board Has $1.57 Million Position in Liberty Property Trust (NYSE:LPT)

New Mexico Educational Retirement Board increased its stake in shares of Liberty Property Trust (NYSE:LPT) by 76.0% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 36,500 shares of the real estate investment trust’s stock after acquiring an additional 15,756 shares during the period. New Mexico Educational Retirement Board’s holdings in Liberty Property Trust were worth $1,570,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in LPT. Advisor Group Inc. raised its stake in Liberty Property Trust by 3.9% in the second quarter. Advisor Group Inc. now owns 2,585 shares of the real estate investment trust’s stock valued at $105,000 after buying an additional 98 shares during the period. Virtu KCG Holdings LLC bought a new stake in Liberty Property Trust in the second quarter valued at approximately $212,000. Janus Henderson Group PLC raised its stake in Liberty Property Trust by 1,329.1% in the second quarter. Janus Henderson Group PLC now owns 168,001 shares of the real estate investment trust’s stock valued at $6,839,000 after buying an additional 156,245 shares during the period. The Manufacturers Life Insurance Company raised its stake in Liberty Property Trust by 1.9% in the second quarter. The Manufacturers Life Insurance Company now owns 216,987 shares of the real estate investment trust’s stock valued at $8,833,000 after buying an additional 3,943 shares during the period. Finally, Dynamic Technology Lab Private Ltd raised its stake in Liberty Property Trust by 31.8% in the second quarter. Dynamic Technology Lab Private Ltd now owns 9,486 shares of the real estate investment trust’s stock valued at $386,000 after buying an additional 2,286 shares during the period. Institutional investors and hedge funds own 93.27% of the company’s stock.

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Several analysts have issued reports on the company. SunTrust Banks set a $43.00 price objective on Liberty Property Trust and gave the company a “buy” rating in a research note on Friday, March 2nd. Stifel Nicolaus restated a “buy” rating and issued a $44.00 price objective on shares of Liberty Property Trust in a research note on Wednesday, February 7th. Zacks Investment Research lowered Liberty Property Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, January 3rd. Morgan Stanley upped their price objective on Liberty Property Trust from $43.00 to $44.00 and gave the company an “equal weight” rating in a research note on Friday, December 15th. Finally, JPMorgan Chase & Co. downgraded Liberty Property Trust from a “neutral” rating to an “underweight” rating and set a $41.00 target price on the stock. in a research report on Friday, December 15th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company. Liberty Property Trust presently has a consensus rating of “Hold” and an average target price of $43.57.

Liberty Property Trust (LPT) traded down $0.15 during trading on Wednesday, hitting $40.06. The stock had a trading volume of 1,135,011 shares, compared to its average volume of 959,496. Liberty Property Trust has a 52 week low of $37.53 and a 52 week high of $45.40. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 0.92. The firm has a market capitalization of $6,006.08, a P/E ratio of 20.97, a price-to-earnings-growth ratio of 2.62 and a beta of 0.78.

Liberty Property Trust (NYSE:LPT) last posted its earnings results on Tuesday, February 6th. The real estate investment trust reported $0.68 EPS for the quarter, beating the consensus estimate of $0.65 by $0.03. Liberty Property Trust had a return on equity of 8.59% and a net margin of 37.90%. The company had revenue of $192.80 million for the quarter, compared to the consensus estimate of $173.02 million. During the same quarter in the prior year, the business earned $0.41 earnings per share. sell-side analysts predict that Liberty Property Trust will post 2.59 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Sunday, April 15th. Stockholders of record on Monday, April 2nd will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 3.99%. The ex-dividend date of this dividend is Thursday, March 29th. Liberty Property Trust’s payout ratio is 83.77%.

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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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