Trade Report: Today: 74,205 Shares of Liberty Property Trust (LPT) are sold by Dalton Greiner Hartman Maher & Co.

Today: 74,205 Shares of Liberty Property Trust (LPT) are sold by Dalton Greiner Hartman Maher & Co.

Dalton Greiner Hartman Maher & Co. cut its stake in Liberty Property Trust (NYSE:LPT) by 20.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 285,835 shares of the real estate investment trust’s stock after selling 74,205 shares during the period. Dalton Greiner Hartman Maher & Co.’s holdings in Liberty Property Trust were worth $11,533,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in LPT. Capstone Asset Management Co. raised its position in shares of Liberty Property Trust by 6.5% in the second quarter. Capstone Asset Management Co. now owns 12,687 shares of the real estate investment trust’s stock valued at $504,000 after buying an additional 770 shares during the last quarter. Genesee Valley Trust Co. raised its position in shares of Liberty Property Trust by 2.9% in the second quarter. Genesee Valley Trust Co. now owns 7,222 shares of the real estate investment trust’s stock valued at $287,000 after buying an additional 205 shares during the last quarter. Daiwa Securities Group Inc. raised its position in shares of Liberty Property Trust by 7.3% in the second quarter. Daiwa Securities Group Inc. now owns 10,300 shares of the real estate investment trust’s stock valued at $409,000 after buying an additional 700 shares during the last quarter. Clean Yield Group raised its position in shares of Liberty Property Trust by 0.8% in the second quarter. Clean Yield Group now owns 99,682 shares of the real estate investment trust’s stock valued at $3,959,000 after buying an additional 800 shares during the last quarter. Finally, Kleinwort Benson Investors Dublin Ltd purchased a new position in shares of Liberty Property Trust during the second quarter valued at about $46,681,000. Institutional investors and hedge funds own 97.89% of the company’s stock.

Shares of Liberty Property Trust (NYSE:LPT) traded up 0.77% during mid-day trading on Monday, hitting $39.19. The company had a trading volume of 1,330,439 shares. The firm has a market capitalization of $5.76 billion, a PE ratio of 23.87 and a beta of 0.97. Liberty Property Trust has a 52 week low of $26.94 and a 52 week high of $42.26. The firm has a 50-day moving average price of $39.01 and a 200-day moving average price of $39.33.

Liberty Property Trust (NYSE:LPT) last posted its quarterly earnings data on Tuesday, October 25th. The real estate investment trust reported $0.66 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.66. Liberty Property Trust had a return on equity of 8.17% and a net margin of 31.51%. The business had revenue of $190.86 million for the quarter, compared to analysts’ expectations of $188.30 million. During the same period in the previous year, the firm posted $0.67 EPS. The business’s revenue was down 4.1% on a year-over-year basis. Equities analysts forecast that Liberty Property Trust will post $2.36 earnings per share for the current year.

LPT has been the subject of several analyst reports. Zacks Investment Research downgraded Liberty Property Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, October 5th. Capital One Financial Corp. raised Liberty Property Trust from an “equal weight” rating to an “overweight” rating and set a $41.00 price objective for the company in a research note on Tuesday, October 4th. BTIG Research initiated coverage on Liberty Property Trust in a research note on Thursday, August 25th. They issued a “neutral” rating for the company. Morgan Stanley initiated coverage on Liberty Property Trust in a research note on Tuesday, September 6th. They issued an “equal weight” rating and a $38.00 price objective for the company. Finally, Stifel Nicolaus raised Liberty Property Trust from a “hold” rating to a “buy” rating and increased their price objective for the stock from $40.00 to $44.00 in a research note on Wednesday, October 26th. They noted that the move was a valuation call. Eight analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target 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.

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