South Dakota Investment Council Has $3.33 Million Stake in Liberty Property Trust (NYSE:LPT)

South Dakota Investment Council boosted its stake in Liberty Property Trust (NYSE:LPT) by 21.1% during the 2nd quarter, HoldingsChannel reports. The fund owned 66,500 shares of the real estate investment trust’s stock after acquiring an additional 11,600 shares during the quarter. South Dakota Investment Council’s holdings in Liberty Property Trust were worth $3,328,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Destination Wealth Management bought a new stake in shares of Liberty Property Trust in the second quarter valued at about $31,000. JJJ Advisors Inc. bought a new stake in Liberty Property Trust in the 2nd quarter valued at approximately $31,000. Zions Bancorporation N.A. bought a new stake in Liberty Property Trust in the 1st quarter valued at approximately $36,000. Quadrant Capital Group LLC boosted its position in Liberty Property Trust by 74.1% during the 1st quarter. Quadrant Capital Group LLC now owns 940 shares of the real estate investment trust’s stock worth $40,000 after acquiring an additional 400 shares during the last quarter. Finally, Machina Capital S.A.S. bought a new position in shares of Liberty Property Trust during the 2nd quarter worth approximately $50,000. 92.92% of the stock is owned by hedge funds and other institutional investors.

A number of analysts have recently commented on LPT shares. Wells Fargo & Co boosted their price objective on shares of Liberty Property Trust from $55.00 to $57.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 21st. Goldman Sachs Group started 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 for the company. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Liberty Property Trust has an average rating of “Hold” and a consensus target price of $50.75.

In other Liberty Property Trust news, SVP Mary Beth Morrissey sold 4,321 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $52.34, for a total value of $226,161.14. Following the completion of the transaction, the senior vice president now directly owns 53,300 shares in the company, valued at $2,789,722. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.40% of the stock is owned by company insiders.

LPT traded down $0.70 on Wednesday, hitting $50.38. 43,201 shares of the company were exchanged, compared to its average volume of 1,179,338. Liberty Property Trust has a 12 month low of $39.82 and a 12 month high of $53.39. The company has a market cap of $7.62 billion, a PE ratio of 22.82, a PEG ratio of 3.31 and a beta of 0.76. The company has a debt-to-equity ratio of 0.91, a quick ratio of 2.27 and a current ratio of 2.27. The stock’s fifty day moving average is $51.82 and its 200-day moving average is $49.77.

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

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