Liberty Property Trust (LPT) Shares Bought by Mason Street Advisors LLC

Mason Street Advisors LLC raised its holdings in Liberty Property Trust (NYSE:LPT) by 1.6% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 78,677 shares of the real estate investment trust’s stock after buying an additional 1,248 shares during the quarter. Mason Street Advisors LLC’s holdings in Liberty Property Trust were worth $3,810,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in LPT. Vanguard Group Inc grew its holdings in shares of Liberty Property Trust by 0.5% during the 3rd quarter. Vanguard Group Inc now owns 21,713,904 shares of the real estate investment trust’s stock worth $917,412,000 after purchasing an additional 98,884 shares in the last quarter. BlackRock Inc. grew its holdings in shares of Liberty Property Trust by 2.4% during the 4th quarter. BlackRock Inc. now owns 20,474,937 shares of the real estate investment trust’s stock worth $857,491,000 after purchasing an additional 478,128 shares in the last quarter. Cohen & Steers Inc. grew its holdings in shares of Liberty Property Trust by 81.8% during the 4th quarter. Cohen & Steers Inc. now owns 6,274,563 shares of the real estate investment trust’s stock worth $262,779,000 after purchasing an additional 2,823,846 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC grew its holdings in shares of Liberty Property Trust by 108.6% during the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 4,979,397 shares of the real estate investment trust’s stock worth $208,537,000 after purchasing an additional 2,592,559 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in shares of Liberty Property Trust by 22.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,276,931 shares of the real estate investment trust’s stock worth $138,450,000 after purchasing an additional 597,054 shares in the last quarter. 93.54% of the stock is currently owned by hedge funds and other institutional investors.

Liberty Property Trust stock opened at $48.07 on Friday. The company has a quick ratio of 2.77, a current ratio of 2.77 and a debt-to-equity ratio of 0.92. The company has a market cap of $7.13 billion, a P/E ratio of 21.85, a P/E/G ratio of 3.10 and a beta of 0.77. Liberty Property Trust has a one year low of $39.82 and a one year high of $50.48.

Liberty Property Trust (NYSE:LPT) last posted its earnings results on Tuesday, April 30th. The real estate investment trust reported $0.62 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.02. The business had revenue of $156.89 million during the quarter, compared to the consensus estimate of $126.10 million. Liberty Property Trust had a return on equity of 4.61% and a net margin of 57.53%. Liberty Property Trust’s revenue was up 7.2% on a year-over-year basis. During the same quarter last year, the company earned $0.65 EPS. On average, equities research analysts forecast that Liberty Property Trust will post 2.58 EPS for the current fiscal year.

LPT has been the topic of several recent research reports. Zacks Investment Research lowered Liberty Property Trust from a “buy” rating to a “hold” rating in a report on Wednesday, April 10th. Goldman Sachs Group initiated coverage on Liberty Property Trust in a report on Wednesday. They set a “neutral” rating and a $49.00 price objective on the stock. Seven equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $46.57.

In related news, CAO Mary Beth Morrissey sold 5,870 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $49.97, for a total transaction of $293,323.90. Following the completion of the transaction, the chief accounting officer now owns 57,621 shares in the company, valued at approximately $2,879,321.37. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CIO Michael T. Hagan sold 27,626 shares of the firm’s stock in a transaction that occurred on Wednesday, February 27th. The stock was sold at an average price of $47.22, for a total value of $1,304,499.72. Following the transaction, the executive now owns 194,052 shares of the company’s stock, valued at approximately $9,163,135.44. The disclosure for this sale can be found here. 1.40% of the stock is owned by company insiders.

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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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