Chicago Equity Partners LLC Decreases Holdings in Liberty Property Trust (LPT)

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Chicago Equity Partners LLC trimmed its holdings in shares of Liberty Property Trust (NYSE:LPT) by 91.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 18,575 shares of the real estate investment trust’s stock after selling 206,075 shares during the period. Chicago Equity Partners LLC’s holdings in Liberty Property Trust were worth $823,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in LPT. Daiwa Securities Group Inc. lifted its holdings in shares of Liberty Property Trust by 19.4% in the first quarter. Daiwa Securities Group Inc. now owns 33,200 shares of the real estate investment trust’s stock valued at $1,319,000 after purchasing an additional 5,400 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its holdings in shares of Liberty Property Trust by 5.1% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 42,415 shares of the real estate investment trust’s stock valued at $1,685,000 after purchasing an additional 2,039 shares in the last quarter. Comerica Bank lifted its holdings in shares of Liberty Property Trust by 1.4% in the first quarter. Comerica Bank now owns 128,707 shares of the real estate investment trust’s stock valued at $5,079,000 after purchasing an additional 1,832 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in shares of Liberty Property Trust by 1.7% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 523,857 shares of the real estate investment trust’s stock valued at $20,813,000 after purchasing an additional 8,961 shares in the last quarter. Finally, Atria Investments LLC bought a new stake in shares of Liberty Property Trust in the first quarter valued at about $223,000. Institutional investors and hedge funds own 91.34% of the company’s stock.

NYSE:LPT opened at $43.52 on Friday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.76 and a current ratio of 1.76. The stock has a market capitalization of $6.47 billion, a P/E ratio of 16.80, a P/E/G ratio of 2.78 and a beta of 0.61. Liberty Property Trust has a 52-week low of $37.77 and a 52-week high of $45.40.

Liberty Property Trust (NYSE:LPT) last released its earnings results on Tuesday, July 24th. The real estate investment trust reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.04. The business had revenue of $176.60 million for the quarter, compared to the consensus estimate of $166.69 million. Liberty Property Trust had a return on equity of 7.21% and a net margin of 46.16%. During the same quarter in the previous year, the business earned $0.65 earnings per share. analysts anticipate that Liberty Property Trust will post 2.62 earnings per share for the current year.

LPT has been the topic of a number of research reports. ValuEngine lowered Liberty Property Trust from a “buy” rating to a “hold” rating in a report on Thursday, May 17th. Morgan Stanley cut their price target on Liberty Property Trust from $44.00 to $43.00 and set an “equal weight” rating on the stock in a report on Thursday, June 14th. JPMorgan Chase & Co. upgraded Liberty Property Trust from an “underweight” rating to a “neutral” rating in a report on Friday, June 15th. Stifel Nicolaus lifted their target price on Liberty Property Trust from $44.00 to $46.00 and gave the company a “buy” rating in a research report on Wednesday, July 25th. Finally, Sandler O’Neill set a $44.00 target price on Liberty Property Trust and gave the company a “hold” rating in a research report on Wednesday, July 25th. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $44.83.

Liberty Property Trust Profile

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 superior industrial and office properties. Liberty's 103 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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