Shares of Liberty Property Trust (NYSE:LPT) have been given an average rating of “Hold” by the nine research firms that are presently covering the firm, Marketbeat reports. Seven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $44.80.
Several equities research analysts have commented on the stock. Zacks Investment Research raised shares of Liberty Property Trust from a “hold” rating to a “buy” rating and set a $55.00 price target on the stock in a report on Tuesday, April 9th. Goldman Sachs Group assumed coverage on shares of Liberty Property Trust in a research report on Wednesday, May 15th. They set a “neutral” rating and a $49.00 price target for the company.
Shares of LPT traded up $0.26 during trading hours on Friday, reaching $49.73. 18,887 shares of the company traded hands, compared to its average volume of 819,487. The firm has a market capitalization of $7.33 billion, a PE ratio of 22.54, a price-to-earnings-growth ratio of 3.19 and a beta of 0.76. The company has a debt-to-equity ratio of 0.92, a current ratio of 2.77 and a quick ratio of 2.77. Liberty Property Trust has a 12-month low of $39.82 and a 12-month high of $50.48.
In other news, CAO Mary Beth Morrissey sold 5,870 shares of the firm’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $49.97, for a total value of $293,323.90. Following the sale, the chief accounting officer now directly owns 57,621 shares in the company, valued at approximately $2,879,321.37. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.40% of the stock is currently owned by company insiders.
A number of large investors have recently made changes to their positions in the stock. Vanguard Group Inc increased its stake in Liberty Property Trust by 0.5% in the third quarter. Vanguard Group Inc now owns 21,713,904 shares of the real estate investment trust’s stock valued at $917,412,000 after purchasing an additional 98,884 shares during the period. Royal London Asset Management Ltd. increased its stake in Liberty Property Trust by 9.1% in the fourth quarter. Royal London Asset Management Ltd. now owns 65,545 shares of the real estate investment trust’s stock valued at $2,743,000 after purchasing an additional 5,458 shares during the period. Oppenheimer Asset Management Inc. increased its stake in Liberty Property Trust by 90.5% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 19,314 shares of the real estate investment trust’s stock valued at $809,000 after purchasing an additional 9,175 shares during the period. Rhumbline Advisers increased its stake in Liberty Property Trust by 41.0% in the fourth quarter. Rhumbline Advisers now owns 412,381 shares of the real estate investment trust’s stock valued at $17,271,000 after purchasing an additional 119,988 shares during the period. Finally, Dupont Capital Management Corp increased its stake in Liberty Property Trust by 71.9% in the fourth quarter. Dupont Capital Management Corp now owns 69,213 shares of the real estate investment trust’s stock valued at $2,899,000 after purchasing an additional 28,944 shares during the period. Hedge funds and other institutional investors own 92.61% of the company’s stock.
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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