Bank of New York Mellon Corp Purchases 41,780 Shares of Liberty Property Trust (LPT)

Bank of New York Mellon Corp grew its position in shares of Liberty Property Trust (NYSE:LPT) by 1.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,301,394 shares of the real estate investment trust’s stock after purchasing an additional 41,780 shares during the quarter. Bank of New York Mellon Corp owned approximately 1.56% of Liberty Property Trust worth $102,022,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Dimensional Fund Advisors LP increased its position in shares of Liberty Property Trust by 1.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,308,241 shares of the real estate investment trust’s stock valued at $102,326,000 after purchasing an additional 22,649 shares during the last quarter. Centersquare Investment Management LLC increased its position in shares of Liberty Property Trust by 20.6% during the 2nd quarter. Centersquare Investment Management LLC now owns 2,136,930 shares of the real estate investment trust’s stock valued at $94,730,000 after purchasing an additional 364,440 shares during the last quarter. V3 Capital Management L.P. increased its position in shares of Liberty Property Trust by 283.8% during the 2nd quarter. V3 Capital Management L.P. now owns 1,807,650 shares of the real estate investment trust’s stock valued at $80,133,000 after purchasing an additional 1,336,700 shares during the last quarter. Schwab Charles Investment Management Inc. increased its position in shares of Liberty Property Trust by 5.9% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 1,765,863 shares of the real estate investment trust’s stock valued at $78,281,000 after purchasing an additional 98,897 shares during the last quarter. Finally, FMR LLC increased its position in shares of Liberty Property Trust by 64.7% during the 2nd quarter. FMR LLC now owns 1,143,743 shares of the real estate investment trust’s stock valued at $50,702,000 after purchasing an additional 449,360 shares during the last quarter. Hedge funds and other institutional investors own 90.19% of the company’s stock.

LPT opened at $44.51 on Friday. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.76 and a current ratio of 1.54. Liberty Property Trust has a 1 year low of $37.77 and a 1 year high of $45.40. The company has a market cap of $6.46 billion, a P/E ratio of 17.19, a P/E/G ratio of 2.76 and a beta of 0.55.

Liberty Property Trust (NYSE:LPT) last posted its quarterly earnings results on Tuesday, October 23rd. The real estate investment trust reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.36. Liberty Property Trust had a return on equity of 6.68% and a net margin of 59.89%. The business had revenue of $121.51 million for the quarter, compared to analyst estimates of $119.79 million. During the same period last year, the company earned $0.66 EPS. Liberty Property Trust’s revenue for the quarter was up 6.1% compared to the same quarter last year. Research analysts forecast that Liberty Property Trust will post 2.64 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, October 15th. Investors of record on Monday, October 1st were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, September 28th. This represents a $1.60 annualized dividend and a yield of 3.59%. Liberty Property Trust’s payout ratio is 61.78%.

Several equities analysts have recently commented on the company. ValuEngine lowered Liberty Property Trust from a “buy” rating to a “hold” rating in a research report on Friday, November 2nd. Zacks Investment Research upgraded Liberty Property Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, August 8th. Stifel Nicolaus increased their price objective on Liberty Property Trust from $44.00 to $46.00 and gave the company a “buy” rating in a research report on Wednesday, July 25th. Mitsubishi UFJ Financial Group reduced their price objective on Liberty Property Trust from $49.00 to $47.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 24th. Finally, SunTrust Banks reiterated a “buy” rating and set a $47.00 price objective on shares of Liberty Property Trust in a research report on Wednesday, August 8th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $45.00.

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About Liberty Property Trust

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 103 million square foot operating portfolio provides productive work environments for 1,200 tenants.

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Institutional Ownership by Quarter for Liberty Property Trust (NYSE:LPT)

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