Nationwide Fund Advisors now owns 82,860 shares of the real estate investment trust's stock valued at $19,185,000 after buying an additional 8,956 shares during the last quarter. Capstone Asset Management Co.'s holdings in Liberty Property Trust were worth $629,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Perigon Wealth Management LLC increased its position in Essex Property Trust by 835.2% in the first quarter. The dividend payment was $1.750 per share for the quarter or $7.00 annualized. Finally, Retirement Systems of Alabama boosted its position in shares of Liberty Property Trust by 75.4% in the first quarter. Bank of New York Mellon Corp now owns 1,488,052 shares of the real estate investment trust's stock worth $382,832,000 after buying an additional 412,316 shares in the last quarter. Oppenheimer & reported 0.17% in Essex Property Trust Inc (NYSE:ESS). 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 during the period. The firm owned 3,850 shares of the real estate investment trust's stock at the end of the second quarter. BlackRock Inc. now owns 6,479,030 shares of the real estate investment trust's stock worth $1,500,090,000 after buying an additional 6,208,705 shares in the last quarter. Finally, Brookfield Asset Management Inc. raised its stake in Essex Property Trust by 24.1% in the first quarter. The ratio increased, as 148 funds increased or opened new stock positions, while 125 reduced and sold stakes in Liberty Property Trust.
Raymond James has downgraded Essex Property (NYSE:ESS) from Outperform to Mkt Perform in a report released on 8/09/2017.
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The P/E ratio is 33.78 and the market cap of the company is 17.33B.
The stock last traded at $262.69 a bit higher than $261.14, the 50 day moving average and which is a tad above the 200 day moving average of $244.46.
Analysts expect Fusion Telecommunications Int'l, Inc. Essex Property Trust had a return on equity of 8.03% and a net margin of 38.33%. The business had revenue of $339.06 million during the quarter, compared to analysts' expectations of $336.17 million. On average, equities research analysts anticipate that Liberty Property Trust will post $1.24 earnings per share for the current fiscal year. The company also announced a dividend that was paid on Fri Jul 14, 2017. The dividend yield was $2.68. The ex-dividend date was Thursday, June 29th.
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Retirement Systems of Alabama boosted its stake in Liberty Property Trust (NYSE:LPT) by 0.0% during the second quarter, according to its most recent filing with the SEC.
A number of research analysts recently commented on the company. Canaccord Genuity set a $270.00 target price on shares of Essex Property Trust and gave the company a "hold" rating in a research note on Monday, July 31st. Cantor Fitzgerald now has a "Buy" rating and a $278.00 target price on the stock. Zacks Investment Research upgraded Liberty Property Trust from a "hold" rating to a "buy" rating and set a $46.00 price target on the stock in a research report on Wednesday, June 28th. They noted that the move was a valuation call. On June 30 the company was set at "Neutral" in a report from BTIG Research a cut from the previous "Buy" rating. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the company. The company now has an average rating of "Hold" and a consensus target price of $42.33. LYONS IRVING F III sold $260,321 worth of stock or 1,024 shares. The Amica Mutual Insurance Company holds 12,497 shares with $2.91 million value, up from 5,615 last quarter. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1,250 shares valued at $287,725 were sold by EUDY JOHN D on Wednesday, February 22. Da Davidson And Company invested in 50 shares. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 24,075 shares of company stock valued at $6,101,503.
Liberty Property Trust (the Trust) is a self-administered and self-managed Maryland real estate investment trust (REIT). The Firm 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 Carolinas/Richmond; Chicago/Milwaukee; Florida; Houston; Lehigh/Central PA; Minnesota; Philadelphia; Southeastern PA; United Kingdom, and Other, which includes Arizona; Atlanta; Cincinnati/Columbus/Indianapolis; Dallas; DC Metro; New Jersey; Southern California, and other.
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