Liberty Property Trust (NYSE:LPT) was upgraded by investment analysts at Capital One Financial Corp. from an “equal weight” rating to an “overweight” rating in a research note issued on Tuesday. The brokerage currently has a $41.00 price objective on the real estate investment trust’s stock. Capital One Financial Corp.’s price objective suggests a potential upside of 6.30% from the company’s previous close.
Several other equities analysts have also commented on LPT. Zacks Investment Research raised shares of Liberty Property Trust from a “hold” rating to a “buy” rating and set a $43.00 target price on the stock in a report on Monday, June 20th. Citigroup Inc. increased their price target on shares of Liberty Property Trust from $34.00 to $41.00 and gave the company a “neutral” rating in a research report on Thursday, July 7th. BTIG Research initiated coverage on shares of Liberty Property Trust in a research report on Thursday, August 25th. They set a “neutral” rating for the company. Finally, Morgan Stanley reissued an “equal weight” rating and set a $38.00 price target on shares of Liberty Property Trust in a research report on Tuesday, September 6th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $37.57.
Shares of Liberty Property Trust (NYSE:LPT) opened at 38.57 on Tuesday. The company has a market capitalization of $5.66 billion, a P/E ratio of 20.46 and a beta of 0.97. Liberty Property Trust has a 52-week low of $26.94 and a 52-week high of $42.26. The stock’s 50 day moving average is $40.47 and its 200 day moving average is $38.10.
Liberty Property Trust (NYSE:LPT) last released its earnings results on Tuesday, July 26th. The real estate investment trust reported $0.68 EPS for the quarter, beating 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 had revenue of $186.65 million for the quarter, compared to analyst estimates of $191.42 million. During the same quarter last year, the firm earned $0.67 EPS. The firm’s quarterly revenue was down 8.3% compared to the same quarter last year. Equities analysts expect that Liberty Property Trust will post $2.35 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, October 17th. Stockholders of record on Monday, October 3rd will be given a $0.475 dividend. The ex-dividend date is Thursday, September 29th. This represents a $1.90 annualized dividend and a dividend yield of 4.93%. Liberty Property Trust’s dividend payout ratio is 101.06%.
Several large investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in Liberty Property Trust by 3.0% in the second quarter. Vanguard Group Inc. now owns 22,413,684 shares of the real estate investment trust’s stock valued at $890,271,000 after buying an additional 653,616 shares in the last quarter. State Street Corp boosted its stake in Liberty Property Trust by 4.2% in the second quarter. State Street Corp now owns 8,174,128 shares of the real estate investment trust’s stock valued at $324,681,000 after buying an additional 329,627 shares in the last quarter. BlackRock Fund Advisors boosted its stake in Liberty Property Trust by 4.1% in the second quarter. BlackRock Fund Advisors now owns 5,967,692 shares of the real estate investment trust’s stock valued at $237,037,000 after buying an additional 234,413 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Liberty Property Trust by 5.2% in the second quarter. Bank of New York Mellon Corp now owns 5,485,462 shares of the real estate investment trust’s stock valued at $217,884,000 after buying an additional 269,662 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in Liberty Property Trust by 4.9% in the first quarter. Goldman Sachs Group Inc. now owns 5,058,576 shares of the real estate investment trust’s stock valued at $169,261,000 after buying an additional 237,477 shares in the last quarter. 97.14% of the stock is owned by hedge funds and other institutional investors.
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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