Green Street Investors LLC cut its holdings in shares of Liberty Property Trust (NYSE:LPT) by 12.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 170,600 shares of the real estate investment trust’s stock after selling 24,800 shares during the period. Liberty Property Trust comprises about 5.4% of Green Street Investors LLC’s investment portfolio, making the stock its 6th biggest holding. Green Street Investors LLC owned approximately 0.12% of Liberty Property Trust worth $8,537,000 at the end of the most recent quarter.
Several other institutional investors have also made changes to their positions in the company. 6 Meridian grew its stake in shares of Liberty Property Trust by 1.9% during the second quarter. 6 Meridian now owns 10,987 shares of the real estate investment trust’s stock valued at $550,000 after acquiring an additional 209 shares in the last quarter. WealthPLAN Partners LLC grew its stake in Liberty Property Trust by 2.0% in the first quarter. WealthPLAN Partners LLC now owns 11,410 shares of the real estate investment trust’s stock worth $548,000 after purchasing an additional 220 shares in the last quarter. Princeton Capital Management LLC grew its stake in Liberty Property Trust by 37.5% in the first quarter. Princeton Capital Management LLC now owns 1,077 shares of the real estate investment trust’s stock worth $52,000 after purchasing an additional 294 shares in the last quarter. O Shares Investment Advisers LLC grew its stake in Liberty Property Trust by 3.0% in the first quarter. O Shares Investment Advisers LLC now owns 11,508 shares of the real estate investment trust’s stock worth $557,000 after purchasing an additional 336 shares in the last quarter. Finally, Quadrant Capital Group LLC grew its stake in Liberty Property Trust by 74.1% in the first quarter. Quadrant Capital Group LLC now owns 940 shares of the real estate investment trust’s stock worth $40,000 after purchasing an additional 400 shares in the last quarter. Institutional investors own 94.20% of the company’s stock.
NYSE:LPT traded up $0.21 during mid-day trading on Thursday, reaching $52.25. The stock had a trading volume of 6,817 shares, compared to its average volume of 839,713. The company has a market capitalization of $7.84 billion, a price-to-earnings ratio of 23.69, a price-to-earnings-growth ratio of 3.41 and a beta of 0.75. Liberty Property Trust has a 1-year low of $39.82 and a 1-year high of $53.39. The stock’s 50 day simple moving average is $51.67 and its two-hundred day simple moving average is $49.35. The company has a debt-to-equity ratio of 0.91, a current ratio of 2.27 and a quick ratio of 2.27.
A number of equities analysts recently commented on LPT shares. Wells Fargo & Co lifted their price target on Liberty Property Trust from $55.00 to $57.00 and gave the stock an “outperform” rating in a research note on Wednesday. Goldman Sachs Group started coverage on Liberty Property Trust in a research note on Wednesday, May 15th. They issued a “neutral” rating and a $49.00 price target for the company. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Liberty Property Trust has a consensus rating of “Hold” and a consensus target price of $50.75.
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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