Liberty Property Trust (NYSE:LPT) Sees Significant Growth in Short Interest

Liberty Property Trust (NYSE:LPT) saw a significant growth in short interest during the month of June. As of June 15th, there was short interest totalling 1,096,900 shares, a growth of 8.4% from the May 15th total of 1,012,000 shares. Currently, 0.8% of the shares of the stock are short sold. Based on an average daily volume of 752,100 shares, the short-interest ratio is currently 1.5 days.

Several research analysts have commented on the stock. Zacks Investment Research raised shares of Green Brick Partners from a “sell” rating to a “hold” rating in a research note on Wednesday, April 10th. Goldman Sachs Group assumed coverage on shares of Liberty Property Trust in a research note on Wednesday, May 15th. They set a “neutral” rating and a $49.00 price objective for the company. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Liberty Property Trust has an average rating of “Hold” and an average target price of $47.17.

Shares of LPT traded down $0.69 during trading hours on Friday, reaching $50.77. 1,032,148 shares of the company traded hands, compared to its average volume of 692,397. Liberty Property Trust has a 12-month low of $39.82 and a 12-month high of $51.91. The stock has a fifty day moving average of $50.16. The stock has a market capitalization of $7.53 billion, a price-to-earnings ratio of 23.08, a price-to-earnings-growth ratio of 3.27 and a beta of 0.77. The company has a current ratio of 2.77, a quick ratio of 2.77 and a debt-to-equity ratio of 0.92.

Liberty Property Trust (NYSE:LPT) last released its quarterly earnings data on Tuesday, April 30th. The real estate investment trust reported $0.62 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.02. Liberty Property Trust had a net margin of 57.53% and a return on equity of 4.61%. The company had revenue of $156.89 million during the quarter, compared to analyst estimates of $126.10 million. During the same period in the prior year, the firm earned $0.65 earnings per share. The firm’s revenue for the quarter was up 7.2% compared to the same quarter last year. On average, equities analysts expect that Liberty Property Trust will post 2.59 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Monday, July 1st were paid a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 3.23%. The ex-dividend date of this dividend was Friday, June 28th. Liberty Property Trust’s dividend payout ratio (DPR) is presently 74.55%.

In related news, CAO Mary Beth Morrissey sold 5,870 shares of the business’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $49.97, for a total value of $293,323.90. Following the sale, the chief accounting officer now owns 57,621 shares in the company, valued at $2,879,321.37. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.40% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in LPT. 6 Meridian increased its holdings in shares of Liberty Property Trust by 1.9% during the second quarter. 6 Meridian now owns 10,987 shares of the real estate investment trust’s stock valued at $550,000 after acquiring an additional 209 shares in the last quarter. WealthPLAN Partners LLC increased its holdings in shares of Liberty Property Trust by 2.0% during the first quarter. WealthPLAN Partners LLC now owns 11,410 shares of the real estate investment trust’s stock valued at $548,000 after acquiring an additional 220 shares in the last quarter. Princeton Capital Management LLC increased its holdings in shares of Liberty Property Trust by 37.5% during the first quarter. Princeton Capital Management LLC now owns 1,077 shares of the real estate investment trust’s stock valued at $52,000 after acquiring an additional 294 shares in the last quarter. O Shares Investment Advisers LLC increased its holdings in shares of Liberty Property Trust by 3.0% during the first quarter. O Shares Investment Advisers LLC now owns 11,508 shares of the real estate investment trust’s stock valued at $557,000 after acquiring an additional 336 shares in the last quarter. Finally, Louisiana State Employees Retirement System increased its holdings in shares of Liberty Property Trust by 1.0% during the first quarter. Louisiana State Employees Retirement System now owns 39,600 shares of the real estate investment trust’s stock valued at $1,917,000 after acquiring an additional 400 shares in the last quarter. 92.47% of the stock is owned by institutional investors.

About Liberty Property Trust

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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