Type
|
Public company |
---|---|
Traded as | NYSE: LPT S&P 400 component |
Industry | Real estate investment trust |
Founded | 1972 (1972) |
Headquarters | Malvern, Pennsylvania |
Key people
|
William P. Hankowsky, Chairman & CEO Christopher J. Papa, CFO |
Revenue | $0.746 billion (2016) |
Net income
|
$0.366 billion (2016) |
Total assets | $5.992 billion (2016) |
Total equity | $3.003 billion (2016) |
Number of employees
|
301 (2016) |
Website | www |
Liberty Property Trust is a publicly-traded real estate investment trust that invests in office buildings and industrial properties.
As of December 31, 2016, the company owned interests in 450 industrial and 55 office properties totalling 86.0 million square feet.
The company traces its history to Rouse & Associates, which was formed in 1972 by Willard Rouse, George Congdon, David Hammers, and Menard Doswell to develop warehouse space in southern New Jersey.
In 1974, Rouse & Associates purchased the Great Valley Corporate Center (GVCC) in Malvern, Pennsylvania. This property was the first office park to incorporate a graduate college, a business development and training center, and a day care center.
In 1987, Rouse & Associates opened One Liberty Place, the first skyscraper in Philadelphia to be taller than Philadelphia City Hall, and the tallest building in Pennsylvania from 1987-2007.
In 1994, Rouse & Associates changed its name to Liberty Property Trust and became a public company via an initial public offering.
In 1995, the company acquired Lingerfelt Development Corporation in a $125 million transaction.
In 1997, the company acquired 2 portfolios of properties for $130 million.
In 2003, founder and chief executive officer William Rouse died from lung cancer.
In 2013, the company acquired 2100 M St NW in Washington, D.C. for $133.5 million.
In 2014, in a joint venture with Comcast, the company began construction of the Comcast Technology Center, which at 1,142 feet (348 m), will be the tallest building in the Western Hemisphere outside of Manhattan and Chicago and was designed by Norman Foster, Baron Foster of Thames Bank. The company owns a 20% interest in the project, which is expected to cost $932.0 million.
In 2016, the company sold a portfolio of 8 properties for $131.1 million, an 8 building portfolio in Herndon, Virginia for $97 million, and a portfolio of 108 properties for $969 million.
In 2017, the company sold vacant land for $10.32 million.
2016-07-07 | Boost Price Target | Citigroup Inc. | Neutral | $34.00 to $41.00 |
2016-04-28 | Reiterated Rating | BMO Capital Markets | Hold | |
2016-04-27 | Upgrade | Stifel Nicolaus | Sell to Hold | |
2016-02-11 | Reiterated Rating | Oppenheimer | Market Perform | |
2016-02-11 | Reiterated Rating | Oppenheimer Holdings Inc. | Market Perform | |
2016-01-12 | Downgrade | Cowen and Company | Outperform to Market Perform | $36.00 to $33.00 |
2016-01-07 | Lower Price Target | SunTrust | $40.00 to $35.00 | |
2016-01-07 | Lower Price Target | SunTrust Banks Inc. | $40.00 to $35.00 | |
2015-12-16 | Downgrade | Stifel Nicolaus | Hold to Sell | |
2015-12-14 | Initiated Coverage | Goldman Sachs | Neutral | $32.00 |
2015-12-14 | Initiated Coverage | Goldman Sachs Group Inc. | Neutral | $32.00 |
2015-12-07 | Reiterated Rating | Oppenheimer | Hold | |
2015-12-02 | Downgrade | Capital One Financial Corp. | Overweight to Equal Weight | |
2015-10-28 | Downgrade | Morgan Stanley | Overweight to Equal Weight | $35.00 |
2015-07-29 | Reiterated Rating | Oppenheimer | Market Perform | |
2015-02-13 | Boost Price Target | JPMorgan Chase & Co. | Neutral | $38.00 to $41.00 |
2014-09-11 | Reiterated Rating | Morgan Stanley | Overweight | $41.00 |
2014-09-02 | Initiated Coverage | Capital One Financial Corp. | Overweight | $38.00 |
2014-08-22 | Downgrade | BMO Capital Markets | Outperform to Market Perform | $40.00 to $36.00 |
2014-07-25 | Downgrade | Oppenheimer | Outperform to Market Perform | $42.00 |
2014-07-23 | Downgrade | Wells Fargo & Co. | Outperform to Market Perform | |
2014-07-23 | Downgrade | Wells Fargo | Outperform to Market Perform | |
2014-06-19 | Reiterated Rating | Citigroup Inc. | Neutral | $36.00 to $38.50 |
2014-06-16 | Reiterated Rating | Morgan Stanley | Overweight | $42.00 |
2014-05-06 | Downgrade | Stifel Nicolaus | Buy to Hold | $40.00 |
2014-04-23 | Boost Price Target | JPMorgan Chase & Co. | Neutral | $37.00 to $39.00 |
2014-04-09 | Boost Price Target | Stifel Nicolaus | Buy | $36.00 to $40.00 |
2014-04-04 | Initiated Coverage | Morgan Stanley | Overweight | $42.00 |
2014-01-06 | Initiated Coverage | Oppenheimer | Outperform | |
2014-01-02 | Upgrade | BMO Capital Markets | Market Perform to Outperform | |
2013-12-17 | Upgrade | Stifel Nicolaus | Hold to Buy | $36.00 |
2013-12-03 | Upgrade | Wells Fargo & Co. | Market Perform to Outperform | |
2013-12-03 | Upgrade | Wells Fargo | Market Perform to Outperform | |
2013-11-20 | Reiterated Rating | Citigroup Inc. | Neutral | $40.00 to $36.00 |
2016-07-07 | Boost Price Target | Citigroup Inc. | Neutral | $34.00 to $41.00 |
2016-04-28 | Reiterated Rating | BMO Capital Markets | Hold | |
2016-04-27 | Upgrade | Stifel Nicolaus | Sell to Hold | |
2016-02-11 | Reiterated Rating | Oppenheimer | Market Perform | |
2016-02-11 | Reiterated Rating | Oppenheimer Holdings Inc. | Market Perform |
There is presents forecasts of rating agencies and recommendations for investors about this ticker
In LPT 41 funds of 2213 total. Show all
Fund name | Ticker shares |
---|---|
BlackRock Fund Advisors | 6.97M |
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COHEN & STEERS CAPITAL MANAGEMENT INC | 3.75M |
CITY NATIONAL BANK | 2.51M |
BlackRock Group LTD | 2.03M |
RHJ International SA | 1.15M |
JANUS CAPITAL MANAGEMENT LLC | 0.66M |
BlackRock Investment Management, LLC | 0.58M |
BLACKROCK ADVISORS LLC | 0.54M |
RUSSELL FRANK CO/ | 0.47M |
TEACHERS ADVISORS INC | 0.30M |
TIAA CREF INVESTMENT MANAGEMENT LLC | 0.29M |
Breton Hill Capital Ltd. | 0.25M |
BlackRock Japan Co. Ltd | 0.21M |
Name Relationship | Total Shares | Holding stocks |
---|---|---|
HANKOWSKY WILLIAM P Chairman, President & CEO | 0.24% (356671) | CFG / LPT / WTR / |
FENZA ROBERT E Exec. VP, COO | 0.17% (258993) | LPT / |
ALBURGER GEORGE J JR Exec. VP, CFO | 0.17% (246415) | LPT / PEI / |
Hagan Michael T Chief Investment Officer | 0.11% (161615) | LPT / |
Morrissey Mary Beth SVP & Chief Accounting Officer | 0.05% (72238) | LPT / |
BUCHHOLZ FREDERICK F | 0.04% (59044) | LPT / |
DELOACH THOMAS C JR | 0.04% (58882) | ABG / LPT / |
LINGERFELT DAVID L | 0.04% (53115) | LPT / |
Fala Herman C General Counsel | 0.03% (51595) | LPT / |
LACHMAN M LEANNE | 0.03% (47570) | LNC / LPT / |
BOWES JAMES J Secretary & Gen. Counsel | 0.02% (32466) | LPT / |
STEINOUR STEPHEN D | 0.02% (27941) | EXC / HBAN / LPT / |
PAPA CHRISTOPHER J Exec. Vice President and CFO | 0.02% (22272) | LPT / PPS / |
GARTON DANIEL P | 0.01% (21681) | AAL / LPT / RJET / TGI / |
Tomczyk Fredric J | 0.01% (14884) | AMTD / LPT / |
Dietze Katherine Elizabeth | 0.01% (14420) | COWN / LPT / MATW / |
Fernandez Antonio F. | 0.01% (9884) | LPT / PF / |