35,140 Shares in Liberty Property Trust (NYSE:LPT) Purchased by Honeywell International Inc.

Honeywell International Inc. purchased a new position in Liberty Property Trust (NYSE:LPT) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 35,140 shares of the real estate investment trust’s stock, valued at approximately $1,758,000.

A number of other large investors have also recently bought and sold shares of LPT. Destination Wealth Management acquired a new position in Liberty Property Trust in the second quarter worth about $31,000. JJJ Advisors Inc. acquired a new position in Liberty Property Trust in the second quarter worth about $31,000. Zions Bancorporation N.A. acquired a new position in Liberty Property Trust in the first quarter worth about $36,000. Quadrant Capital Group LLC grew its stake in Liberty Property Trust by 74.1% in the first quarter. Quadrant Capital Group LLC now owns 940 shares of the real estate investment trust’s stock worth $40,000 after purchasing an additional 400 shares in the last quarter. Finally, Machina Capital S.A.S. acquired a new position in Liberty Property Trust in the second quarter worth about $50,000. Institutional investors and hedge funds own 92.34% of the company’s stock.

Shares of LPT stock opened at $50.81 on Friday. The company has a debt-to-equity ratio of 0.90, a quick ratio of 2.77 and a current ratio of 2.27. The company has a 50 day moving average of $51.17. Liberty Property Trust has a 52 week low of $39.82 and a 52 week high of $53.39. The firm has a market capitalization of $7.75 billion, a P/E ratio of 23.10, a P/E/G ratio of 3.37 and a beta of 0.75.

Liberty Property Trust (NYSE:LPT) last issued its earnings results on Tuesday, April 30th. The real estate investment trust reported $0.62 EPS for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.02. Liberty Property Trust had a return on equity of 5.71% and a net margin of 70.77%. The company had revenue of $156.89 million during the quarter, compared to the consensus estimate of $126.10 million. During the same period in the previous year, the firm posted $0.65 earnings per share. Liberty Property Trust’s quarterly revenue was up 7.2% compared to the same quarter last year. As a group, analysts anticipate that Liberty Property Trust will post 2.59 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Monday, July 1st were paid a $0.41 dividend. The ex-dividend date of this dividend was Friday, June 28th. This represents a $1.64 dividend on an annualized basis and a yield of 3.23%. Liberty Property Trust’s payout ratio is currently 74.55%.

In other Liberty Property Trust news, SVP Mary Beth Morrissey sold 4,321 shares of Liberty Property Trust stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $52.34, for a total value of $226,161.14. Following the completion of the transaction, the senior vice president now directly owns 53,300 shares in the company, valued at $2,789,722. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.40% of the company’s stock.

A number of research firms recently commented on LPT. Goldman Sachs Group began coverage on Liberty Property Trust in a research note on Wednesday, May 15th. They issued a “neutral” rating and a $49.00 price target for the company. Zacks Investment Research downgraded Liberty Property Trust from a “buy” rating to a “hold” rating in a research note on Wednesday, April 10th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $48.25.

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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