As Liberty Ppty Tr (LPT) Stock Rose, Shareholder Land & Buildings Investment Management LLC Cut Its Stake by $3.84 Million

Liberty Property Trust (NYSE:LPT) Logo

Land & Buildings Investment Management Llc decreased its stake in Liberty Ppty Tr (LPT) by 12.4% based on its latest 2019Q2 regulatory filing with the SEC. Land & Buildings Investment Management Llc sold 76,800 shares as the company’s stock rose 5.08% . The hedge fund held 542,793 shares of the real estate investment trusts company at the end of 2019Q2, valued at $27.16M, down from 619,593 at the end of the previous reported quarter. Land & Buildings Investment Management Llc who had been investing in Liberty Ppty Tr for a number of months, seems to be less bullish one the $7.48B market cap company. The stock decreased 1.09% or $0.56 during the last trading session, reaching $50.8. About 789,410 shares traded. Liberty Property Trust (NYSE:LPT) has risen 24.76% since September 13, 2018 and is uptrending. It has outperformed by 24.76% the S&P500.

Analysts await Liberty Property Trust (NYSE:LPT) to report earnings on October, 22. They expect $0.65 earnings per share, down 5.80 % or $0.04 from last year’s $0.69 per share. LPT’s profit will be $95.73 million for 19.54 P/E if the $0.65 EPS becomes a reality. After $0.68 actual earnings per share reported by Liberty Property Trust for the previous quarter, Wall Street now forecasts -4.41 % negative EPS growth.

More notable recent Liberty Property Trust (NYSE:LPT) news were published by: Globenewswire.com which released: “Liberty Property Trust Prices $350 Million of 4.375% Senior Notes Due 2029 – GlobeNewswire” on January 22, 2019, also Benzinga.com with their article: “25 Stocks Moving in Friday’s Pre-Market Session – Benzinga” published on September 06, 2019, Globenewswire.com published: “Liberty Property Trust Announces Second Quarter 2019 Dividend – GlobeNewswire” on June 14, 2019. More interesting news about Liberty Property Trust (NYSE:LPT) were released by: Globenewswire.com and their article: “Liberty Property Trust Announces Proposed Public Offering of Common Shares – GlobeNewswire” published on September 05, 2019 as well as Globenewswire.com‘s news article titled: “Liberty Property Trust Announces Second Quarter 2019 Results – GlobeNewswire” with publication date: July 30, 2019.

Liberty Property Trust (NYSE:LPT) Ratings Coverage

Among 3 analysts covering Liberty Property Trust (NYSE:LPT), 1 have Buy rating, 0 Sell and 2 Hold. Therefore 33% are positive. Liberty Property Trust has $5700 highest and $4900 lowest target. $53’s average target is 4.33% above currents $50.8 stock price. Liberty Property Trust had 6 analyst reports since March 14, 2019 according to SRatingsIntel. As per Thursday, September 12, the company rating was maintained by JP Morgan. The firm earned “Outperform” rating on Wednesday, August 21 by Wells Fargo.

Liberty Property Trust (NYSE:LPT) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.