Paloma Partners Management Co Takes Position in Liberty Property Trust (NYSE:LPT)

Paloma Partners Management Co purchased a new stake in Liberty Property Trust (NYSE:LPT) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 35,193 shares of the real estate investment trust’s stock, valued at approximately $1,560,000.

Other hedge funds have also modified their holdings of the company. Assetmark Inc. increased its stake in Liberty Property Trust by 170.8% in the 1st quarter. Assetmark Inc. now owns 3,366 shares of the real estate investment trust’s stock valued at $134,000 after buying an additional 2,123 shares during the last quarter. McKinley Carter Wealth Services Inc. acquired a new stake in Liberty Property Trust in the 1st quarter valued at $142,000. Optimum Investment Advisors acquired a new position in shares of Liberty Property Trust during the 1st quarter worth about $167,000. US Bancorp DE increased its stake in shares of Liberty Property Trust by 108.5% during the 2nd quarter. US Bancorp DE now owns 4,363 shares of the real estate investment trust’s stock worth $193,000 after purchasing an additional 2,270 shares during the last quarter. Finally, NumerixS Investment Technologies Inc increased its stake in shares of Liberty Property Trust by 45.2% during the 2nd quarter. NumerixS Investment Technologies Inc now owns 4,355 shares of the real estate investment trust’s stock worth $194,000 after purchasing an additional 1,355 shares during the last quarter. Hedge funds and other institutional investors own 91.28% of the company’s stock.

LPT has been the topic of several recent analyst reports. Stifel Nicolaus boosted their price objective on shares of Liberty Property Trust from $44.00 to $46.00 and gave the stock a “buy” rating in a research note on Wednesday, July 25th. SunTrust Banks restated a “buy” rating and set a $47.00 price objective on shares of Liberty Property Trust in a research note on Wednesday, August 8th. Zacks Investment Research upgraded shares of Liberty Property Trust from a “hold” rating to a “buy” rating and set a $47.00 price objective on the stock in a research note on Thursday, October 4th. Morgan Stanley lowered their price objective on shares of Liberty Property Trust from $44.00 to $43.00 and set an “equal weight” rating on the stock in a research note on Thursday, June 14th. Finally, Sandler O’Neill set a $44.00 price objective on shares of Liberty Property Trust and gave the stock a “hold” rating in a research note on Wednesday, July 25th. Six analysts have rated the stock with a hold rating and two have given a buy rating to the company. Liberty Property Trust currently has a consensus rating of “Hold” and a consensus price target of $44.67.

Liberty Property Trust stock opened at $42.69 on Tuesday. Liberty Property Trust has a fifty-two week low of $37.77 and a fifty-two week high of $45.40. The stock has a market cap of $6.25 billion, a PE ratio of 16.46, a PEG ratio of 2.69 and a beta of 0.61. The company has a current ratio of 1.76, a quick ratio of 1.76 and a debt-to-equity ratio of 0.91.

Liberty Property Trust (NYSE:LPT) last announced its quarterly earnings results on Tuesday, July 24th. The real estate investment trust reported $0.69 EPS for the quarter, beating the Zacks’ consensus estimate of $0.65 by $0.04. Liberty Property Trust had a net margin of 46.16% and a return on equity of 7.21%. The business had revenue of $176.60 million for the quarter, compared to analyst estimates of $166.69 million. During the same quarter in the prior year, the business earned $0.65 EPS. Research analysts expect that Liberty Property Trust will post 2.62 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, October 15th. Investors of record on Monday, October 1st will be paid a $0.40 dividend. The ex-dividend date of this dividend is Friday, September 28th. This represents a $1.60 dividend on an annualized basis and a yield of 3.75%. Liberty Property Trust’s dividend payout ratio (DPR) is currently 61.78%.

About Liberty Property Trust

Liberty Property Trust (NYSE:LPT) 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 industrial and office properties. Liberty's 103 million square foot operating portfolio provides productive work environments for 1,200 tenants.

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

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