Liberty Property Trust (LPT) Shares Bought by Retirement Systems of Alabama

Retirement Systems of Alabama lifted its position in Liberty Property Trust (NYSE:LPT) by 4.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 387,171 shares of the real estate investment trust’s stock after purchasing an additional 16,658 shares during the quarter. Retirement Systems of Alabama’s holdings in Liberty Property Trust were worth $17,163,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in LPT. OppenheimerFunds Inc. bought a new position in shares of Liberty Property Trust in the fourth quarter worth $227,000. AXA bought a new position in shares of Liberty Property Trust in the fourth quarter worth $246,000. Deutsche Bank AG increased its holdings in shares of Liberty Property Trust by 23.2% in the fourth quarter. Deutsche Bank AG now owns 447,505 shares of the real estate investment trust’s stock worth $19,244,000 after purchasing an additional 84,179 shares during the period. California State Teachers Retirement System increased its holdings in shares of Liberty Property Trust by 6.3% in the fourth quarter. California State Teachers Retirement System now owns 267,574 shares of the real estate investment trust’s stock worth $11,508,000 after purchasing an additional 15,837 shares during the period. Finally, Teachers Advisors LLC increased its holdings in shares of Liberty Property Trust by 5.2% in the fourth quarter. Teachers Advisors LLC now owns 306,383 shares of the real estate investment trust’s stock worth $13,178,000 after purchasing an additional 15,025 shares during the period. 90.67% of the stock is currently owned by hedge funds and other institutional investors.

Get Liberty Property Trust alerts:

In related news, Director Frederick F. Buchholz sold 5,000 shares of the company’s stock in a transaction on Thursday, April 26th. The shares were sold at an average price of $40.18, for a total value of $200,900.00. Following the completion of the transaction, the director now directly owns 64,044 shares in the company, valued at $2,573,287.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.20% of the stock is currently owned by insiders.

LPT has been the topic of several research analyst reports. ValuEngine cut shares of Liberty Property Trust from a “buy” rating to a “hold” rating in a report on Thursday, May 17th. Morgan Stanley decreased their price target on shares of Liberty Property Trust from $44.00 to $43.00 and set an “equal weight” rating on the stock in a report on Thursday, June 14th. Finally, JPMorgan Chase & Co. raised shares of Liberty Property Trust from an “underweight” rating to a “neutral” rating in a report on Friday, June 15th. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $44.00.

Liberty Property Trust stock opened at $43.49 on Friday. The firm has a market capitalization of $6.54 billion, a PE ratio of 16.75 and a beta of 0.71. Liberty Property Trust has a fifty-two week low of $37.77 and a fifty-two week high of $45.40. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 0.86.

Liberty Property Trust (NYSE:LPT) last released its quarterly earnings results on Tuesday, April 24th. The real estate investment trust reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.33. The firm had revenue of $190.20 million for the quarter, compared to analysts’ expectations of $145.62 million. Liberty Property Trust had a net margin of 49.95% and a return on equity of 8.55%. The business’s quarterly revenue was up 14.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.60 earnings per share. sell-side analysts anticipate that Liberty Property Trust will post 2.6 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Sunday, July 15th. Investors of record on Monday, July 2nd were given a $0.40 dividend. The ex-dividend date of this dividend was Friday, June 29th. This represents a $1.60 annualized dividend and a yield of 3.68%. Liberty Property Trust’s dividend payout ratio (DPR) is presently 61.78%.

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 industrial and office properties. Liberty's 101 million square foot operating portfolio provides productive work environments for 1,200 tenants.

Read More: What do I need to know about analyst ratings?

Want to see what other hedge funds are holding LPT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Liberty Property Trust (NYSE:LPT).