Amalgamated Bank boosted its stake in Liberty Property Trust (NYSE:LPT) by 10.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 19,859 shares of the real estate investment trust’s stock after buying an additional 1,802 shares during the period. Amalgamated Bank’s holdings in Liberty Property Trust were worth $796,000 as of its most recent filing with the SEC.
A number of other large investors have also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC raised its stake 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 valued at $109,000 after buying an additional 723 shares in the last quarter. Fort Washington Investment Advisors Inc OH purchased a new stake in Liberty Property Trust during the second quarter valued at about $207,000. Baldwin Investment Management LLC purchased a new stake in Liberty Property Trust during the second quarter valued at about $209,000. Hancock Holding Co. purchased a new stake in Liberty Property Trust during the second quarter valued at about $225,000. Finally, Jane Street Group LLC purchased a new stake in Liberty Property Trust during the second quarter valued at about $233,000. 97.05% of the stock is owned by institutional investors.
Liberty Property Trust (NYSE:LPT) traded down 1.17% on Friday, hitting $36.37. The stock had a trading volume of 1,571,801 shares. The company has a market cap of $5.35 billion, a PE ratio of 22.15 and a beta of 0.97. Liberty Property Trust has a 12 month low of $26.94 and a 12 month high of $42.26. The company has a 50-day moving average of $39.53 and a 200 day moving average of $39.11.
Liberty Property Trust (NYSE:LPT) last announced its quarterly earnings results on Tuesday, October 25th. The real estate investment trust reported $0.66 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.66. Liberty Property Trust had a return on equity of 8.17% and a net margin of 31.51%. The company earned $190.86 million during the quarter, compared to the consensus estimate of $188.30 million. During the same period in the previous year, the company posted $0.67 earnings per share. Liberty Property Trust’s revenue for the quarter was down 4.1% on a year-over-year basis. On average, analysts predict that Liberty Property Trust will post $2.36 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Monday, October 17th. Shareholders of record on Monday, October 3rd were issued a $0.475 dividend. This represents a $1.90 dividend on an annualized basis and a yield of 5.22%. The ex-dividend date was Thursday, September 29th. Liberty Property Trust’s payout ratio is presently 115.85%.
A number of brokerages have issued reports on LPT. Zacks Investment Research raised shares of Liberty Property Trust from a “hold” rating to a “buy” rating and set a $43.00 price objective for the company in a report on Thursday. Morgan Stanley reaffirmed an “equal weight” rating and set a $38.00 price objective on shares of Liberty Property Trust in a report on Tuesday, September 6th. BTIG Research began coverage on shares of Liberty Property Trust in a report on Thursday, August 25th. They set a “neutral” rating for the company. Stifel Nicolaus raised shares of Liberty Property Trust from a “hold” rating to a “buy” rating and increased their price objective 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. Finally, Capital One Financial Corp. raised shares of Liberty Property Trust from an “equal weight” rating to an “overweight” rating and set a $41.00 price objective for the company in a report on Tuesday, October 4th. Seven investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock has an average 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.