Nordea Investment Management AB Takes Position in Liberty Property Trust (LPT)

Nordea Investment Management AB acquired a new stake in Liberty Property Trust (NYSE:LPT) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 3,824 shares of the real estate investment trust’s stock, valued at approximately $161,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of LPT. Cohen & Steers Inc. lifted its position in shares of Liberty Property Trust by 42.5% during the 3rd quarter. Cohen & Steers Inc. now owns 3,450,717 shares of the real estate investment trust’s stock valued at $145,793,000 after acquiring an additional 1,029,409 shares during the period. JPMorgan Chase & Co. lifted its position in shares of Liberty Property Trust by 22.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,276,931 shares of the real estate investment trust’s stock valued at $138,450,000 after acquiring an additional 597,054 shares during the period. Bank of New York Mellon Corp lifted its position in shares of Liberty Property Trust by 3.4% during the 3rd quarter. Bank of New York Mellon Corp now owns 2,380,370 shares of the real estate investment trust’s stock valued at $100,571,000 after acquiring an additional 78,976 shares during the period. V3 Capital Management L.P. lifted its position in shares of Liberty Property Trust by 28.1% during the 3rd quarter. V3 Capital Management L.P. now owns 2,314,705 shares of the real estate investment trust’s stock valued at $97,796,000 after acquiring an additional 507,055 shares during the period. Finally, FMR LLC lifted its position in shares of Liberty Property Trust by 0.9% during the 3rd quarter. FMR LLC now owns 1,153,580 shares of the real estate investment trust’s stock valued at $48,738,000 after acquiring an additional 9,837 shares during the period. 91.18% of the stock is currently owned by hedge funds and other institutional investors.

Shares of LPT stock opened at $43.96 on Friday. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.94. Liberty Property Trust has a twelve month low of $37.77 and a twelve month high of $46.91. The firm has a market cap of $6.35 billion, a P/E ratio of 16.97, a price-to-earnings-growth ratio of 2.77 and a beta of 0.64.



Liberty Property Trust (NYSE:LPT) last announced its quarterly earnings data on Tuesday, October 23rd. The real estate investment trust reported $1.01 earnings per share 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 during the quarter, compared to the consensus estimate of $119.79 million. During the same period in the prior year, the company earned $0.66 EPS. Liberty Property Trust’s revenue for the quarter was up 6.1% on a year-over-year basis. On average, research analysts expect that Liberty Property Trust will post 2.65 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 15th. Shareholders of record on Wednesday, January 2nd will be given a $0.40 dividend. The ex-dividend date is Monday, December 31st. This represents a $1.60 annualized dividend and a yield of 3.64%. Liberty Property Trust’s dividend payout ratio is presently 61.78%.

LPT has been the subject of a number of recent analyst reports. ValuEngine upgraded Liberty Property Trust from a “hold” rating to a “buy” rating in a research report on Wednesday, November 21st. Mitsubishi UFJ Financial Group cut their target price on Liberty Property Trust from $49.00 to $47.00 and set an “overweight” rating for the company in a research report on Wednesday, October 24th. Finally, Zacks Investment Research downgraded Liberty Property Trust from a “buy” rating to a “hold” rating in a research report on Monday, October 8th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $44.83.

In other Liberty Property Trust news, CAO Mary Beth Morrissey sold 6,843 shares of the stock in a transaction dated Wednesday, December 12th. The stock was sold at an average price of $45.52, for a total value of $311,493.36. Following the completion of the transaction, the chief accounting officer now directly owns 73,778 shares in the company, valued at $3,358,374.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.20% of the stock is currently owned by company insiders.

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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 industrial and office properties. Liberty's 103.5 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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