Unigestion Holding SA Grows Stake in Liberty Property Trust (NYSE:LPT)

Unigestion Holding SA lifted its stake in shares of Liberty Property Trust (NYSE:LPT) by 15.7% in the third quarter, Holdings Channel reports. The firm owned 17,700 shares of the real estate investment trust’s stock after buying an additional 2,400 shares during the period. Unigestion Holding SA’s holdings in Liberty Property Trust were worth $909,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in LPT. JPMorgan Chase & Co. boosted its position in Liberty Property Trust by 109.1% during the second quarter. JPMorgan Chase & Co. now owns 5,143,315 shares of the real estate investment trust’s stock worth $256,701,000 after acquiring an additional 2,683,796 shares during the last quarter. Invesco Ltd. boosted its position in Liberty Property Trust by 7.2% during the second quarter. Invesco Ltd. now owns 4,797,626 shares of the real estate investment trust’s stock worth $240,074,000 after acquiring an additional 322,212 shares during the last quarter. Royal Bank of Canada boosted its position in Liberty Property Trust by 0.8% during the second quarter. Royal Bank of Canada now owns 3,722,238 shares of the real estate investment trust’s stock worth $186,261,000 after acquiring an additional 28,397 shares during the last quarter. Zimmer Partners LP boosted its position in Liberty Property Trust by 43.5% during the second quarter. Zimmer Partners LP now owns 3,587,500 shares of the real estate investment trust’s stock worth $179,519,000 after acquiring an additional 1,087,500 shares during the last quarter. Finally, Northern Trust Corp boosted its position in Liberty Property Trust by 1.2% during the second quarter. Northern Trust Corp now owns 2,455,085 shares of the real estate investment trust’s stock worth $122,853,000 after acquiring an additional 29,230 shares during the last quarter. 92.77% of the stock is owned by institutional investors and hedge funds.

NYSE:LPT traded down $0.06 on Friday, hitting $58.70. The stock had a trading volume of 838,889 shares, compared to its average volume of 1,034,185. The company has a quick ratio of 2.27, a current ratio of 7.33 and a debt-to-equity ratio of 0.78. The stock has a market cap of $8.62 billion, a price-to-earnings ratio of 26.68, a PEG ratio of 3.81 and a beta of 0.76. The company has a fifty day moving average price of $52.81 and a two-hundred day moving average price of $50.96. Liberty Property Trust has a 1-year low of $40.15 and a 1-year high of $59.97.

Liberty Property Trust (NYSE:LPT) last posted its earnings results on Tuesday, October 29th. The real estate investment trust reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.03. The company had revenue of $163.20 million for the quarter, compared to analyst estimates of $163.43 million. Liberty Property Trust had a net margin of 64.23% and a return on equity of 5.79%. Liberty Property Trust’s revenue was up 1.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.69 EPS. As a group, analysts anticipate that Liberty Property Trust will post 2.54 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 1st were issued a $0.41 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $1.64 annualized dividend and a yield of 2.79%. Liberty Property Trust’s payout ratio is 74.55%.

A number of equities analysts recently weighed in on the stock. Morgan Stanley boosted their price target on shares of Liberty Property Trust from $49.00 to $54.00 and gave the stock an “equal weight” rating in a research report on Monday, October 7th. ValuEngine lowered shares of Liberty Property Trust from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. JPMorgan Chase & Co. boosted their target price on shares of Liberty Property Trust from $49.00 to $53.00 and gave the company a “neutral” rating in a report on Thursday, September 12th. Finally, Wells Fargo & Co lowered shares of Liberty Property Trust from an “outperform” rating to a “market perform” rating and boosted their target price for the company from $57.00 to $59.00 in a report on Monday, November 4th. Eight analysts have rated the stock with a hold rating, The company has an average rating of “Hold” and an average price target of $52.00.

In other Liberty Property Trust news, CAO Mary Beth Morrissey sold 2,741 shares of the business’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $51.26, for a total value of $140,503.66. Following the transaction, the chief accounting officer now directly owns 50,559 shares in the company, valued at approximately $2,591,654.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.40% of the company’s stock.

Liberty Property Trust Company Profile

Liberty Property Trust is a leader in commercial real estate, serving customers in the United States and United Kingdom, through the development, acquisition, ownership and management of superior logistics, warehouse, manufacturing, and R&D facilities in key markets. Liberty's 108 million square foot operating portfolio provides productive work environments to 1,200 tenants.

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Institutional Ownership by Quarter for Liberty Property Trust (NYSE:LPT)

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