Liberty Property Trust (LPT) CAO Sells $311,493.36 in Stock

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Liberty Property Trust (NYSE:LPT) CAO Mary Beth Morrissey sold 6,843 shares of the firm’s stock in a transaction that occurred on Wednesday, December 12th. The stock was sold at an average price of $45.52, for a total transaction of $311,493.36. Following the sale, the chief accounting officer now directly owns 73,778 shares of the company’s stock, valued at approximately $3,358,374.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Shares of LPT opened at $46.33 on Friday. Liberty Property Trust has a 12-month low of $37.77 and a 12-month high of $46.91. The firm has a market cap of $6.85 billion, a P/E ratio of 17.89, a PEG ratio of 2.92 and a beta of 0.63. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.94.

Liberty Property Trust (NYSE:LPT) last announced its quarterly earnings data on Tuesday, October 23rd. The real estate investment trust reported $1.01 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.65 by $0.36. Liberty Property Trust had a return on equity of 6.68% and a net margin of 59.89%. The firm had revenue of $121.51 million for the quarter, compared to analysts’ expectations of $119.79 million. During the same period last year, the business posted $0.66 earnings per share. The firm’s revenue for the quarter was up 6.1% on a year-over-year basis. As a group, analysts predict that Liberty Property Trust will post 2.65 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 15th. Investors of record on Wednesday, January 2nd will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 3.45%. The ex-dividend date is Monday, December 31st. Liberty Property Trust’s dividend payout ratio (DPR) is presently 61.78%.

A number of research firms have recently weighed in on LPT. ValuEngine raised shares of Liberty Property Trust from a “hold” rating to a “buy” rating in a research report on Wednesday, November 21st. Mitsubishi UFJ Financial Group decreased their price target on shares of Liberty Property Trust from $49.00 to $47.00 and set an “overweight” rating for the company in a research report on Wednesday, October 24th. Finally, Zacks Investment Research downgraded shares of Liberty Property Trust from a “buy” rating to a “hold” rating in a research report on Monday, October 8th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $45.67.

A number of institutional investors and hedge funds have recently made changes to their positions in LPT. Bessemer Group Inc. lifted its stake in Liberty Property Trust by 723.5% in the third quarter. Bessemer Group Inc. now owns 3,788 shares of the real estate investment trust’s stock valued at $160,000 after buying an additional 3,328 shares during the last quarter. Nordea Investment Management AB bought a new stake in Liberty Property Trust in the third quarter valued at $161,000. Qube Research & Technologies Ltd bought a new stake in Liberty Property Trust in the second quarter valued at $168,000. US Bancorp DE lifted its stake in Liberty Property Trust by 108.5% in the second quarter. US Bancorp DE now owns 4,363 shares of the real estate investment trust’s stock valued at $193,000 after buying an additional 2,270 shares during the last quarter. Finally, First Hawaiian Bank bought a new stake in Liberty Property Trust in the third quarter valued at $193,000. Hedge funds and other institutional investors own 91.38% of the company’s stock.

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Liberty Property Trust Company Profile

Liberty Property Trust (NYSE:LPT) is a leader in commercial real estate, serving customers in the United States and United Kingdom, through the development, acquisition, ownership and management of industrial and office properties. Liberty's 103.5 million square foot operating portfolio provides productive work environments for 1,200 tenants.

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