Principal Financial Group Inc Raises Its Stake in Liberty Property Trust (LPT)

Paterniano Del Favero
Agosto 9, 2017

Its stake was worth $37,972,000 an increase of $35,228,000 according to the filing. Perigon Wealth Management LLC now owns 823 shares of the real estate investment trust's stock worth $192,000 after buying an additional 735 shares in the last quarter. The value of the investment in LPT decreased from $6,486,000 to $6,159,000 a change of $327,000 quarter to quarter.

A number of other large investors have also bought and sold shares of LPT. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund increased its position in shares of Essex Property Trust by 16.7% in the second quarter. Legal & General Group Plc now owns 495,852 shares of the real estate investment trust's stock valued at $114,806,000 after buying an additional 33,007 shares in the last quarter. PGGM Investments boosted its position in shares of Liberty Property Trust by 108.7% in the first quarter. Bbva Compass Bancshares Inc. now owns 1,124 shares of the real estate investment trust's stock valued at $260,000 after buying an additional 21 shares in the last quarter.

BTR Capital Management Inc. boosted its stake in Essex Property Trust, Inc. Following the transaction, the insider now owns 58,431 shares in the company, valued at approximately $14,761,423.53. Comerica Bank raised its position in Essex Property Trust by 3.0% in the first quarter. Bbva Compass Bancshares Inc. raised its position in Essex Property Trust by 1.4% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 1,843 shares of the real estate investment trust's stock valued at $474,000 after buying an additional 95 shares during the last quarter. The company had a trading volume of 394,297 shares.

Essex Property Trust, Inc. has a 1-year low of $200.01 and a 1-year high of $268.97. The stock's 50 day moving average is $261.14 and its 200-day moving average is $244.06.

Essex Property Trust (NYSE:ESS) last released its quarterly earnings data on Thursday, July 27th. The real estate investment trust reported $2.97 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $2.92 by $0.05. The firm had revenue of $339.06 million for the quarter, compared to analysts' expectations of $336.17 million. Liberty Property Trust had a net margin of 47.24% and a return on equity of 11.37%. Pacer Advisors Inc. now owns 1,467 shares of the real estate investment trust's stock valued at $340,000 after buying an additional 44 shares in the last quarter. During the same quarter a year ago, the business earned $2.74 earnings per share.

Shares of Essex Property Trust, Inc. Liberty Property Trust also recently announced a dividend for shareholders paid on Saturday the 15th of July 2017. The dividend was $0.400 per share for the quarter or $1.60 on an annualized basis. The ex-dividend date of this dividend was Wednesday, June 28th. Essex Property Trust's payout ratio is now 89.97%. If you are viewing this piece of content on another site, it was illegally stolen and reposted in violation of US and worldwide copyright and trademark law. If you are viewing this article on another site, it was copied illegally and republished in violation of USA & global copyright legislation.

A number of analysts recently commented on ESS shares. BidaskClub upgraded Essex Property Trust from a "buy" rating to a "strong-buy" rating in a report on Tuesday, June 20th. Finally, Canaccord Genuity set a $270.00 target price on shares of Essex Property Trust and gave the stock a "hold" rating in a research note on Monday, July 31st. On June 30, 2017 the stock rating was set at "Neutral" in a report from BTIG Research which is down from the previous "Buy" rating. On May 18 the company was changed to a "Hold" in a report from SunTrust Robinson Humphrey a cut from the previous "Buy" rating. Essex Property Trust presently has a consensus rating of "Hold" and a consensus target price of $262.92. The correct version of this piece of content can be viewed at https://www.thecerbatgem.com/2017/08/08/essex-property-trust-inc-ess-insider-sells-85267-98-in-stock-updated-updated-updated.html. The Trust's assets are owned directly or indirectly, and substantially all of the Trust's operations are conducted directly or indirectly, by its subsidiary, Liberty Property Limited Partnership (the Operating Partnership).

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Also, insider John D. Eudy sold 4,301 shares of the company's stock in a transaction that occurred on Thursday, May 11th. In the last ninety days, insiders have sold 27,492 shares of company stock worth $6,963,783. The shares were sold at an average price of $248.71, for a total value of $1,658,149.57. Following the completion of the transaction, the insider now directly owns 12,731 shares in the company, valued at $3,213,304.40. Its segments include Southern California, Northern California, Seattle Metro and Other real estate assets.

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