BB&T Corp raised its position in Liberty Property Trust (NYSE:LPT) by 1.0% during the third quarter, Holdings Channel reports. The institutional investor owned 16,210 shares of the real estate investment trust’s stock after buying an additional 163 shares during the period. BB&T Corp’s holdings in Liberty Property Trust were worth $654,000 as of its most recent filing with the SEC.
Several other institutional investors have also bought and sold shares of the company. Tower Research Capital LLC TRC increased its position in Liberty Property Trust by 35.9% in the second quarter. Tower Research Capital LLC TRC now owns 2,736 shares of the real estate investment trust’s stock worth $109,000 after buying an additional 723 shares in the last quarter. Fort Washington Investment Advisors Inc OH acquired a new position in Liberty Property Trust during the second quarter worth approximately $207,000. Baldwin Investment Management LLC acquired a new position in Liberty Property Trust during the second quarter worth approximately $209,000. Hancock Holding Co. acquired a new position in Liberty Property Trust during the second quarter worth approximately $225,000. Finally, Jane Street Group LLC acquired a new position in Liberty Property Trust during the second quarter worth approximately $233,000. Institutional investors own 96.89% of the company’s stock.
Liberty Property Trust (NYSE:LPT) opened at 38.89 on Friday. The firm has a 50-day moving average of $39.01 and a 200 day moving average of $39.33. Liberty Property Trust has a 12-month low of $26.94 and a 12-month high of $42.26. The company has a market capitalization of $5.72 billion, a PE ratio of 23.68 and a beta of 0.97.
Liberty Property Trust (NYSE:LPT) last issued its quarterly earnings data on Tuesday, October 25th. The real estate investment trust reported $0.66 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.66. The firm earned $190.86 million during the quarter, compared to analysts’ expectations of $188.30 million. Liberty Property Trust had a net margin of 31.51% and a return on equity of 8.17%. The business’s revenue was down 4.1% on a year-over-year basis. During the same period last year, the company earned $0.67 earnings per share. Analysts forecast that Liberty Property Trust will post $2.36 EPS for the current fiscal year.
LPT has been the topic of a number of research analyst reports. Zacks Investment Research cut shares of Liberty Property Trust from a “buy” rating to a “hold” rating in a report on Monday, November 14th. Capital One Financial Corp. raised shares of Liberty Property Trust from an “equal weight” rating to an “overweight” rating and set a $41.00 target price on the stock in a report on Tuesday, October 4th. Stifel Nicolaus raised shares of Liberty Property Trust from a “hold” rating to a “buy” rating and upped their target price for the company from $40.00 to $44.00 in a report on Wednesday, October 26th. They noted that the move was a valuation call. BTIG Research initiated coverage on shares of Liberty Property Trust in a report on Thursday, August 25th. They issued a “neutral” rating on the stock. Finally, Morgan Stanley reaffirmed an “equal weight” rating and issued a $38.00 target price on shares of Liberty Property Trust in a report on Tuesday, September 6th. Eight investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $38.38.
About Liberty Property Trust
Liberty Property Trust is a real estate investment trust. The Company’s operations are primarily conducted by its subsidiary, Liberty Property Limited Partnership. Its segments include Carolinas; Chicago/Milwaukee; Houston, Lehigh/Central PA; Minnesota; Orlando; Philadelphia; Richmond/Hampton Roads; Southeastern PA; South Florida; Tampa; United Kingdom, and Other, which includes Arizona, Atlanta, Cincinnati/Columbus/Indianapolis, Dallas, Maryland, New Jersey, Northern Virginia, Southern California, Washington DC and other segments.