Ownership Change to Note: Institutional Investors Are Crazy For Liberty Property Trust (NYSE:LPT)

November 30, 2016 - By Darrin Black   ·   0 Comments

Ownership Change to Note: Institutional Investors Are Crazy  For Liberty Property Trust (NYSE:LPT)

Sentiment for Liberty Property Trust (NYSE:LPT)

Liberty Property Trust (NYSE:LPT) institutional sentiment decreased to 1.15 in Q2 2016. Its down -0.01, from 1.16 in 2016Q1. The ratio dropped, as 138 hedge funds started new or increased holdings, while 119 cut down and sold holdings in Liberty Property Trust. The hedge funds in our partner’s database now own: 139.64 million shares, down from 142.20 million shares in 2016Q1. Also, the number of hedge funds holding Liberty Property Trust in their top 10 holdings decreased from 5 to 2 for a decrease of 3. Sold All: 21 Reduced: 98 Increased: 107 New Position: 31.

Liberty Property Trust is a real estate investment trust. The company has a market cap of $5.92 billion. The Company’s activities are primarily conducted by its subsidiary, Liberty Property Limited Partnership. It has a 24.18 P/E ratio. The Company’s divisions include Carolinas; Chicago/Milwaukee; Houston, Lehigh/Central PA; Minnesota; Orlando; Philadelphia; Richmond/Hampton Roads; Southeastern PA; South Florida; Tampa; United Kingdom, and Other, which includes Arizona, Atlanta, Cincinnati/Columbus/Indianapolis, Dallas, Maryland, New Jersey, Northern Virginia, Southern California, Washington D.C. and other divisions.

The stock closed at $39.73 during the last session. It is down 11.63% since April 27, 2016 and is uptrending. It has outperformed by 6.41% the S&P500.

Analysts await Liberty Property Trust (NYSE:LPT) to report earnings on February, 14. They expect $0.40 earnings per share, down 38.46% or $0.25 from last year’s $0.65 per share. LPT’s profit will be $59.60M for 24.83 P/E if the $0.40 EPS becomes a reality. After $0.66 actual earnings per share reported by Liberty Property Trust for the previous quarter, Wall Street now forecasts -39.39% negative EPS growth.

According to Zacks Investment Research, “Liberty Property Trust is a self-administered and self-managed Maryland real estate investment trust. The company provides leasing, property management, acquisition, development, construction management, design management and other related services for a portfolio which consists of industrial and office properties.”

Liberty Property Trust (NYSE:LPT) Ratings Coverage

Ratings analysis reveals 25% of Liberty Property Trust’s analysts are positive. Out of 4 Wall Street analysts rating Liberty Property Trust, 1 give it “Buy”, 0 “Sell” rating, while 3 recommend “Hold”. The lowest target is $33 while the high is $44. The stock’s average target of $37.50 is -5.61% below today’s ($39.73) share price. LPT was included in 8 notes of analysts from October 28, 2015. The firm has “Neutral” rating by BTIG Research given on Thursday, August 25. The firm has “Buy” rating by Stifel Nicolaus given on Wednesday, October 26. Stifel Nicolaus upgraded Liberty Property Trust (NYSE:LPT) on Wednesday, April 27 to “Hold” rating. The stock of Liberty Property Trust (NYSE:LPT) has “Market Perform” rating given on Tuesday, January 12 by Cowen & Co. As per Wednesday, October 28, the company rating was downgraded by Morgan Stanley. The firm has “Equal-Weight” rating given on Tuesday, September 6 by Morgan Stanley.

LPT Company Profile

Liberty Property Trust, incorporated on March 28, 1994, is a real estate investment trust. The Company’s activities are primarily conducted by its subsidiary, Liberty Property Limited Partnership. The Company’s divisions include Carolinas; Chicago/Milwaukee; Houston, Lehigh/Central PA; Minnesota; Orlando; Philadelphia; Richmond/Hampton Roads; Southeastern PA; South Florida; Tampa; United Kingdom, and Other, which includes Arizona, Atlanta, Cincinnati/Columbus/Indianapolis, Dallas, Maryland, New Jersey, Northern Virginia, Southern California, Washington D.C. and other divisions. The Firm provides leasing, property management, development and other tenant-related services for its properties.

More notable recent Liberty Property Trust (NYSE:LPT) news were published by: Philly.com which released: “Liberty Property Trust sells K of P offices to German firm for $26.8M” on November 11, 2016, also Philly.com with their article: “Liberty Property Trust to sell most Great Valley Corporate Center holdings in …” published on July 25, 2016, Therealdeal.com published: “Workspace buys 1.1M sf of commercial space in South Florida as part of $1B deal” on October 06, 2016. More interesting news about Liberty Property Trust (NYSE:LPT) were released by: Philly.com and their article: “Liberty Property Trust CFO steps down” published on May 09, 2016 as well as Globenewswire.com‘s news article titled: “Liberty Property Trust to Host Conference Call to Discuss 2017 Expectations” with publication date: November 18, 2016.

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By Darrin Black


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