Liberty Property Trust (LPT) Receives Daily Coverage Optimism Rating of 0.22

Paterniano Del Favero
Agosto 13, 2017

The real estate investment trust reported $2.97 earnings per share for the quarter, beating the consensus estimate of $2.92 by $0.05. Liberty Property Trust earned a news sentiment score of 0.22 on Accern's scale. Prudential Financial Inc. raised its stake in shares of Columbia Property Trust by 704.9% in the first quarter. AXA controls 127,400 shares with a value of $2,851,000. Sigma Planning Corp now owns 12,899 shares of the real estate investment trust's stock worth $287,000 after buying an additional 181 shares during the last quarter. Waterfront Capital Partners LLC bought a new stake in shares of Columbia Property Trust during the first quarter worth $19,219,000. This repurchase authorization permits the real estate investment trust to buy up to 7.7% of its shares through open market purchases. BTR Capital Management Inc. raised its position in Essex Property Trust by 0.7% in the second quarter. Kempen Capital Management N.v. now owns 13,104 shares worth $3,371,000. Finally, Parametric Portfolio Associates LLC increased its stake in Essex Property Trust by 14.4% in the second quarter. Gulf International Bank UK Ltd now owns 20,350 shares of the real estate investment trust's stock worth $4,711,000 after buying an additional 300 shares during the period. Institutional investors and hedge funds own 64.12% of the company's stock.

Cwm Llc increased its stake in Essex Ppty Tr Inc (ESS) by 1021.24% based on its latest 2016Q4 regulatory filing with the SEC. (NYSE ESS) traded down 1.29% during mid-day trading on Friday, hitting $259.14.

The company is so far trading down from yesterday's close of $21.27. Columbia Property Trust, has a 52 week low of $20.27 and a 52 week high of $24.63.

Liberty Property Trust now has a P/E ratio of 17.30 and the market value is 5.96B. The stock has a 50-day moving average of $41.40 and a 200 day moving average of $40.32.

Essex Property Trust (NYSE:ESS) last announced its quarterly earnings results on Thursday, July 27th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.79%. The company had revenue of $183.13 million for the quarter, compared to analyst estimates of $175.60 million. Liberty Property Trust had a net margin of 47.24% and a return on equity of 11.37%. During the same quarter in the previous year, the firm posted $2.74 earnings per share. Johnson Investment Counsel reported 0.01% of its portfolio in Essex Property Trust Inc (NYSE:ESS).

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 14th. Investors of record on Friday, June 30th were given a dividend of $1.75 per share. Its down 3.52% from 2.47M shares, reported previously. Columbia Property Trust's dividend payout ratio (DPR) is 70.18%. The Connecticut-based Timber Hill Limited Liability Corp has invested 0% in Essex Property Trust Inc (NYSE:ESS). (NYSE:ESS) Position Held by American National Insurance Co.

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A number of research firms have recently issued reports on LPT. BMO Capital Markets restated a "buy" rating and issued a $26.00 price objective on shares of Columbia Property Trust in a research report on Friday, April 28th. (The) reiterated a "neutral" rating and set a $21.00 target price on shares of Columbia Property Trust in a research report on Thursday, June 22nd. 167 Essex Property Trust Inc (NYSE:ESS) shares with value of $43,921 were sold by ZIMMERMAN CRAIG K. Mizuho upgraded Essex Property Trust from a "neutral" rating to a "buy" rating and upped their target price for the stock from $199.00 to $212.00 in a research note on Monday, May 1st.

Shares of Essex Property Trust, Inc. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company. Liberty Property Trust now has an average rating of "Hold" and an average price target of $42.33. Following the transaction, the chief executive officer now directly owns 45,096 shares in the company, valued at approximately $11,903,991.12. Another trade for 4,301 shares valued at $1.09 million was made by EUDY JOHN D on Thursday, May 11. The company has a consensus rating of "Hold" and a consensus target price of $24.33. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 6,690 shares of company stock worth $1,717,142. NN Investment Partners Holdings N.V. raised its stake in Essex Property Trust by 173.3% in the first quarter. The Company is engaged primarily in the ownership, operation, management, acquisition, development and redevelopment of predominantly apartment communities, located along the West Coast. The Company's divisions include Southern California, Northern California, Seattle Metro and Other real estate assets.

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