Harrington Investments INC Sells 805 Shares of Liberty Property Trust (NYSE:LPT)

Harrington Investments INC cut its stake in shares of Liberty Property Trust (NYSE:LPT) by 3.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 21,245 shares of the real estate investment trust’s stock after selling 805 shares during the quarter. Harrington Investments INC’s holdings in Liberty Property Trust were worth $1,091,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently made changes to their positions in LPT. FMR LLC grew its holdings in shares of Liberty Property Trust by 12.3% during the 1st quarter. FMR LLC now owns 1,008,455 shares of the real estate investment trust’s stock valued at $48,829,000 after purchasing an additional 110,606 shares during the last quarter. Eii Capital Management Inc. grew its holdings in shares of Liberty Property Trust by 9.5% during the 2nd quarter. Eii Capital Management Inc. now owns 22,065 shares of the real estate investment trust’s stock valued at $1,104,000 after purchasing an additional 1,919 shares during the last quarter. Retirement Systems of Alabama grew its holdings in shares of Liberty Property Trust by 8.5% during the 2nd quarter. Retirement Systems of Alabama now owns 407,065 shares of the real estate investment trust’s stock valued at $20,370,000 after purchasing an additional 31,767 shares during the last quarter. Exane Derivatives bought a new stake in shares of Liberty Property Trust during the 2nd quarter valued at approximately $207,000. Finally, Nisa Investment Advisors LLC grew its holdings in shares of Liberty Property Trust by 3.3% during the 2nd quarter. Nisa Investment Advisors LLC now owns 77,916 shares of the real estate investment trust’s stock valued at $3,899,000 after purchasing an additional 2,453 shares during the last quarter. 92.77% of the stock is currently owned by institutional investors.

LPT has been the topic of several research reports. Wells Fargo & Co lowered shares of Liberty Property Trust from an “outperform” rating to a “market perform” rating and lifted their price target for the company from $57.00 to $59.00 in a report on Monday, November 4th. Morgan Stanley lifted their target price 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 downgraded shares of Liberty Property Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Finally, JPMorgan Chase & Co. lifted their target price on shares of Liberty Property Trust from $49.00 to $53.00 and gave the stock a “neutral” rating in a research report on Thursday, September 12th. Eight research analysts have rated the stock with a hold rating, Liberty Property Trust has an average rating of “Hold” and an average price target of $52.00.

In related news, CAO Mary Beth Morrissey sold 2,741 shares of Liberty Property Trust stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $51.26, for a total transaction of $140,503.66. Following the sale, 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 filing with the SEC, which can be accessed through this link. 1.40% of the stock is owned by company insiders.

NYSE:LPT traded up $0.21 during mid-day trading on Monday, hitting $58.91. 32,529 shares of the company’s stock were exchanged, compared to its average volume of 1,034,185. The company has a 50 day simple moving average of $52.81 and a 200-day simple moving average of $50.96. The company has a current ratio of 7.33, a quick ratio of 2.27 and a debt-to-equity ratio of 0.78. Liberty Property Trust has a fifty-two week low of $40.15 and a fifty-two week high of $59.97. The firm has a market capitalization of $8.62 billion, a P/E ratio of 26.82, a PEG ratio of 3.81 and a beta of 0.76.

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

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Tuesday, October 1st were given a dividend of $0.41 per share. The ex-dividend date was Monday, September 30th. This represents a $1.64 annualized dividend and a yield of 2.78%. Liberty Property Trust’s dividend payout ratio is presently 74.55%.

About Liberty Property Trust

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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