Liberty Property Trust (NYSE:LPT) Short Interest Up 31.1% in July

Liberty Property Trust (NYSE:LPT) was the recipient of a large growth in short interest in the month of July. As of July 31st, there was short interest totalling 2,447,400 shares, a growth of 31.1% from the June 30th total of 1,866,500 shares. Based on an average daily trading volume, of 803,600 shares, the days-to-cover ratio is presently 3.0 days. Approximately 1.7% of the company’s stock are short sold.

LPT stock traded up $0.18 during trading on Tuesday, hitting $51.90. 982 shares of the stock traded hands, compared to its average volume of 839,948. Liberty Property Trust has a 1 year low of $39.82 and a 1 year high of $53.39. The stock has a 50 day simple moving average of $51.36. The stock has a market capitalization of $7.74 billion, a PE ratio of 23.41, a price-to-earnings-growth ratio of 3.36 and a beta of 0.75. The company has a current ratio of 2.27, a quick ratio of 2.27 and a debt-to-equity ratio of 0.91.

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Monday, July 1st were given a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 3.16%. The ex-dividend date of this dividend was Friday, June 28th. Liberty Property Trust’s dividend payout ratio (DPR) is 74.55%.

In other news, SVP Mary Beth Morrissey sold 4,321 shares of the company’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $52.34, for a total value of $226,161.14. Following the sale, the senior vice president now directly owns 53,300 shares of the company’s stock, valued at approximately $2,789,722. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.40% of the stock is owned by corporate insiders.

A number of hedge funds have recently made changes to their positions in the stock. Natixis purchased a new stake in Liberty Property Trust during the 2nd quarter valued at about $261,000. Ossiam bought a new position in Liberty Property Trust during the 2nd quarter valued at about $651,000. South Dakota Investment Council lifted its stake in Liberty Property Trust by 21.1% during the 2nd quarter. South Dakota Investment Council now owns 66,500 shares of the real estate investment trust’s stock valued at $3,328,000 after acquiring an additional 11,600 shares during the period. Commonwealth Bank of Australia lifted its stake in Liberty Property Trust by 62.4% during the 2nd quarter. Commonwealth Bank of Australia now owns 778,715 shares of the real estate investment trust’s stock valued at $38,964,000 after acquiring an additional 299,139 shares during the period. Finally, Northern Trust Corp lifted its stake in Liberty Property Trust by 1.2% during the 2nd quarter. Northern Trust Corp now owns 2,455,085 shares of the real estate investment trust’s stock valued at $122,853,000 after acquiring an additional 29,230 shares during the period. 91.87% of the stock is currently owned by institutional investors.

Separately, Goldman Sachs Group began coverage on shares of Liberty Property Trust in a research report on Wednesday, May 15th. They issued a “neutral” rating and a $49.00 target price on the stock. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $48.67.

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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