Here are some institutional investors who have increased or decreased their stake in (CXP). Meeder Asset Management Inc. acquired a new position in Liberty Property Trust during the third quarter valued at about $2,374,000.
Starwood Property Trust, Inc.is a real estate investment trust. OppenheimerFunds Inc. lifted its position in Liberty Property Trust by 30.3% during the first quarter. Breton Hill Capital Ltd. now owns 195,704 shares of the real estate investment trust's stock valued at $7,897,000 after buying an additional 2,652 shares during the last quarter.
The stock of Liberty Property Trust (NYSE:LPT) hit a new 52-week high and has $46.63 target or 4.00% above today's $44.84 share price. Renaissance Technologies LLC increased its holdings in Liberty Property Trust by 231.7% during the second quarter. The value of the position overall is up by 2.0%. Ltd. now owns 45,834 shares of the real estate investment trust's stock valued at $1,849,000 after buying an additional 1,653 shares during the last quarter.
A number of analysts have issued reports on LPT shares. Morgan Stanley downgraded Liberty Property Trust (NYSE:LPT) on Wednesday, October 28 to "Equal-Weight" rating. The stock of Liberty Property Trust (NYSE:LPT) earned "Hold" rating by Sandler O'Neill on Wednesday, October 25. The stock of Liberty Property Trust (NYSE:LPT) has "Hold" rating given on Wednesday, April 27 by Stifel Nicolaus. The company was maintained on Thursday, March 23 by BMO Capital Markets. One research analyst has rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company's stock. Stifel Nicolaus upgraded it to "Buy" rating and $44 target in Wednesday, October 26 report. JPMorgan Chase & Co. increased its holdings in Liberty Property Trust by 21.0% during the second quarter. If you are viewing this piece on another publication, it was copied illegally and reposted in violation of US and worldwide trademark & copyright legislation. The legal version of this article can be read at https://baseballnewssource.com/markets/liberty-property-trust-lpt-upgraded-to-buy-at-valuengine/1775035.html.
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Liberty Property Trust (NYSE LPT) opened at $44.59 on Monday. The company has market cap of $2.71 billion. The company has a current ratio of 3.59, a quick ratio of 3.59 and a debt-to-equity ratio of 0.52. Liberty Property Trust has a 12 month low of $36.22 and a 12 month high of $44.89. The rating was initiated by Morgan Stanley on Tuesday, September 6 with "Equal-Weight". The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.26, Bloomberg Earnings reports. The business had revenue of $60.36 million during the quarter, compared to analysts' expectations of $75.43 million. Liberty Property Trust had a net margin of 47.78% and a return on equity of 11.41%.
Liberty Property Trust declared that its Board of Directors has approved a share buyback program on Monday, October 2nd that authorizes the company to buyback $250.00 million in outstanding shares. This repurchase authorization authorizes the real estate investment trust to purchase shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company's board believes its stock is undervalued.
The company also recently announced a quarterly dividend, which was paid on Sunday, October 15th. Stockholders of record on Monday, October 2nd were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, September 29th. This represents a $0.80 annualized dividend and a yield of 3.54%. Liberty Property Trust's dividend payout ratio (DPR) is presently 67.51%.
Liberty Property Trust is a self-administered and self-managed Maryland real estate investment trust (REIT). The Trust's assets are owned directly or indirectly, and substantially all of the Trust's activities are conducted directly or indirectly, by its subsidiary, Liberty Property Limited Partnership (the Operating Partnership). It also reduced Steel Dynamics Inc (NASDAQ:STLD) stake by 58,772 shares and now owns 117,675 shares.
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