Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its holdings in shares of Liberty Property Trust (NYSE:LPT) by 5.8% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 45,689 shares of the real estate investment trust’s stock after buying an additional 2,511 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Liberty Property Trust were worth $2,212,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in the stock. ERTS Wealth Advisors LLC acquired a new position in Liberty Property Trust during the 4th quarter valued at about $33,000. Meeder Asset Management Inc. acquired a new position in Liberty Property Trust during the 4th quarter valued at about $41,000. Fort L.P. acquired a new position in Liberty Property Trust during the 4th quarter valued at about $44,000. Laurel Wealth Advisors LLC acquired a new position in Liberty Property Trust during the 4th quarter valued at about $54,000. Finally, Private Capital Group LLC boosted its stake in Liberty Property Trust by 144.2% during the 4th quarter. Private Capital Group LLC now owns 1,292 shares of the real estate investment trust’s stock valued at $55,000 after purchasing an additional 763 shares during the period. 94.29% of the stock is owned by institutional investors and hedge funds.
In other news, CIO Michael T. Hagan sold 27,626 shares of the company’s stock in a transaction that occurred on Wednesday, February 27th. The shares were sold at an average price of $47.22, for a total value of $1,304,499.72. Following the completion of the sale, the executive now directly owns 194,052 shares of the company’s stock, valued at approximately $9,163,135.44. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director David L. Lingerfelt sold 2,200 shares of the company’s stock in a transaction that occurred on Thursday, February 7th. The stock was sold at an average price of $47.24, for a total transaction of $103,928.00. Following the completion of the sale, the director now directly owns 50,915 shares of the company’s stock, valued at $2,405,224.60. The disclosure for this sale can be found here. Corporate insiders own 1.20% of the company’s stock.
Shares of NYSE:LPT opened at $49.50 on Friday. The company has a market capitalization of $7.34 billion, a PE ratio of 22.50, a P/E/G ratio of 3.20 and a beta of 0.77. Liberty Property Trust has a twelve month low of $39.82 and a twelve month high of $50.48. The company has a quick ratio of 2.68, a current ratio of 2.77 and a debt-to-equity ratio of 0.92.
Liberty Property Trust (NYSE:LPT) last issued its quarterly earnings results on Tuesday, April 30th. The real estate investment trust reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.60 by $0.02. The company had revenue of $156.89 million during the quarter, compared to analyst estimates of $126.10 million. Liberty Property Trust had a net margin of 57.53% and a return on equity of 4.61%. The business’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.65 EPS. Equities analysts forecast that Liberty Property Trust will post 2.58 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Monday, April 1st were paid a $0.41 dividend. This is a positive change from Liberty Property Trust’s previous quarterly dividend of $0.40. This represents a $1.64 dividend on an annualized basis and a dividend yield of 3.31%. The ex-dividend date of this dividend was Friday, March 29th. Liberty Property Trust’s dividend payout ratio is currently 74.55%.
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Liberty Property Trust Company Profile
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 logistics, warehouse, manufacturing, and R&D facilities in key markets. Liberty's 106 million square foot operating portfolio provides productive work environments to 1,200 tenants.
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