Liberty Property Trust (NYSE:LPT) announced a quarterly dividend on Friday, September 16th. Shareholders of record on Monday, October 3rd will be paid a dividend of 0.475 per share by the real estate investment trust on Monday, October 17th. This represents a $1.90 annualized dividend and a yield of 4.62%. The ex-dividend date of this dividend is Thursday, September 29th.
Shares of Liberty Property Trust (NYSE:LPT) opened at 41.09 on Wednesday. The company has a market capitalization of $6.03 billion, a PE ratio of 21.80 and a beta of 1.04. The firm’s 50-day moving average is $40.49 and its 200 day moving average is $37.80. Liberty Property Trust has a 12 month low of $26.94 and a 12 month high of $42.26.
Liberty Property Trust (NYSE:LPT) last posted its quarterly earnings data on Tuesday, July 26th. The real estate investment trust reported $0.68 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.64 by $0.04. Liberty Property Trust had a net margin of 35.96% and a return on equity of 9.36%. The company earned $186.65 million during the quarter, compared to analysts’ expectations of $191.42 million. During the same period in the prior year, the company posted $0.67 earnings per share. Liberty Property Trust’s revenue for the quarter was down 8.3% compared to the same quarter last year. Equities research analysts predict that Liberty Property Trust will post $2.35 EPS for the current year.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. FMR LLC raised its position in Liberty Property Trust by 47.3% in the second quarter. FMR LLC now owns 2,587,999 shares of the real estate investment trust’s stock worth $102,795,000 after buying an additional 831,126 shares during the period. Pacad Investment Ltd. purchased a new position in Liberty Property Trust during the second quarter worth $274,000. Credit Suisse AG raised its position in Liberty Property Trust by 15.8% in the second quarter. Credit Suisse AG now owns 627,482 shares of the real estate investment trust’s stock worth $24,923,000 after buying an additional 85,786 shares during the last quarter. Martingale Asset Management L P purchased a new position in Liberty Property Trust during the second quarter worth $3,996,000. Finally, Fort Washington Investment Advisors Inc OH purchased a new position in Liberty Property Trust during the second quarter worth $207,000. 97.14% of the stock is currently owned by hedge funds and other institutional investors.
LPT has been the subject of a number of research reports. Zacks Investment Research cut shares of Liberty Property Trust from a “buy” rating to a “hold” rating in a report on Tuesday, June 21st. Morgan Stanley restated an “equal weight” rating and issued a $38.00 price target on shares of Liberty Property Trust in a report on Tuesday, September 6th. BTIG Research initiated coverage on shares of Liberty Property Trust in a report on Thursday, August 25th. They issued a “neutral” rating for the company. Finally, Citigroup Inc. raised their price target on shares of Liberty Property Trust from $34.00 to $41.00 and gave the stock a “neutral” rating in a report on Thursday, July 7th. Ten investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Liberty Property Trust currently has a consensus rating of “Hold” and an average target price of $37.00.
About Liberty Property Trust
Liberty Property Trust is a real estate investment trust. The Company’s operations are primarily conducted by its subsidiary, Liberty Property Limited Partnership. Its segments include Carolinas; Chicago/Milwaukee; Houston, Lehigh/Central PA; Minnesota; Orlando; Philadelphia; Richmond/Hampton Roads; Southeastern PA; South Florida; Tampa; United Kingdom, and Other, which includes Arizona, Atlanta, Cincinnati/Columbus/Indianapolis, Dallas, Maryland, New Jersey, Northern Virginia, Southern California, Washington DC and other segments.
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