NJ State Employees Deferred Compensation Plan purchased a new position in shares of Liberty Property Trust (NYSE:LPT) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 4,000 shares of the real estate investment trust’s stock, valued at approximately $200,000.
Several other hedge funds have also modified their holdings of LPT. Destination Wealth Management purchased a new stake in shares of Liberty Property Trust during the second quarter valued at $31,000. JJJ Advisors Inc. purchased a new stake in shares of Liberty Property Trust during the second quarter valued at $31,000. Zions Bancorporation N.A. purchased a new stake in shares of Liberty Property Trust during the first quarter valued at $36,000. Quadrant Capital Group LLC grew its holdings in shares of Liberty Property Trust by 74.1% during the first quarter. Quadrant Capital Group LLC now owns 940 shares of the real estate investment trust’s stock valued at $40,000 after buying an additional 400 shares during the last quarter. Finally, Machina Capital S.A.S. purchased a new stake in shares of Liberty Property Trust during the second quarter valued at $50,000. 92.18% of the stock is currently owned by institutional investors and hedge funds.
LPT has been the topic of a number of research analyst reports. Zacks Investment Research lowered shares of Liberty Property Trust from a “buy” rating to a “hold” rating in a report on Wednesday, April 10th. Goldman Sachs Group initiated coverage on shares of Liberty Property Trust in a report on Wednesday, May 15th. They set a “neutral” rating and a $49.00 price objective on the stock. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $48.25.
NYSE:LPT traded up $0.56 during mid-day trading on Tuesday, hitting $50.80. The company’s stock had a trading volume of 99,622 shares, compared to its average volume of 814,483. Liberty Property Trust has a 1 year low of $39.82 and a 1 year high of $53.39. The company has a current ratio of 2.27, a quick ratio of 2.77 and a debt-to-equity ratio of 0.90. The company has a market capitalization of $7.53 billion, a PE ratio of 23.09, a price-to-earnings-growth ratio of 3.27 and a beta of 0.75. The business’s fifty day moving average price is $51.20.
The firm also recently declared a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Monday, July 1st were issued a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 3.23%. The ex-dividend date of this dividend was Friday, June 28th. Liberty Property Trust’s payout ratio is 74.55%.
Liberty Property Trust Profile
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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