Liberty Property Trust (NYSE:LPT) – Capital One Financial Corp. cut their FY2016 earnings estimates for Liberty Property Trust in a research report issued on Monday. Capital One Financial Corp. analyst T. Lesnick now anticipates that the firm will post earnings of $2.33 per share for the year, down from their previous forecast of $2.35. Capital One Financial Corp. has a “Overweight” rating and a $41.00 price objective on the stock. Capital One Financial Corp. also issued estimates for Liberty Property Trust’s Q4 2016 earnings at $0.38 EPS, Q1 2017 earnings at $0.59 EPS, Q2 2017 earnings at $0.62 EPS, Q3 2017 earnings at $0.62 EPS, Q4 2017 earnings at $0.63 EPS and FY2017 earnings at $2.47 EPS.
Liberty Property Trust (NYSE:LPT) last announced its earnings results on Tuesday, July 26th. The real estate investment trust reported $0.68 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.64 by $0.04. The company had revenue of $186.65 million for the quarter, compared to analysts’ expectations of $191.42 million. Liberty Property Trust had a return on equity of 9.36% and a net margin of 35.96%. Liberty Property Trust’s quarterly revenue was down 8.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.67 earnings per share.
Other equities research analysts have also recently issued reports about the company. Zacks Investment Research cut Liberty Property Trust from a “hold” rating to a “sell” rating in a report on Wednesday. Citigroup Inc. increased their target price on Liberty Property Trust from $34.00 to $41.00 and gave the company a “neutral” rating in a report on Thursday, July 7th. Morgan Stanley restated an “equal weight” rating and set a $38.00 target price on shares of Liberty Property Trust in a report on Tuesday, September 6th. Finally, BTIG Research started coverage on Liberty Property Trust in a report on Thursday, August 25th. They set a “neutral” rating for the company. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $37.57.
Liberty Property Trust (NYSE:LPT) opened at 38.57 on Wednesday. The company’s 50 day moving average price is $40.47 and its 200 day moving average price is $38.10. The stock has a market cap of $5.66 billion, a PE ratio of 20.46 and a beta of 0.97. Liberty Property Trust has a 12 month low of $26.94 and a 12 month high of $42.26.
Several hedge funds and other institutional investors have recently made changes to their positions in LPT. Norges Bank purchased a new position in shares of Liberty Property Trust during the fourth quarter valued at about $40,881,000. Virginia Retirement System purchased a new position in shares of Liberty Property Trust during the first quarter valued at about $579,000. IFP Advisors Inc raised its position in shares of Liberty Property Trust by 198.8% in the first quarter. IFP Advisors Inc now owns 7,184 shares of the real estate investment trust’s stock valued at $240,000 after buying an additional 4,780 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. purchased a new position in shares of Liberty Property Trust during the first quarter valued at about $10,586,000. Finally, TIAA CREF Investment Management LLC raised its position in shares of Liberty Property Trust by 20.2% in the first quarter. TIAA CREF Investment Management LLC now owns 290,674 shares of the real estate investment trust’s stock valued at $9,726,000 after buying an additional 48,932 shares in the last quarter. 97.14% of the stock is owned by hedge funds and other institutional investors.
The company 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. This represents a $1.90 annualized dividend and a dividend yield of 4.93%. The ex-dividend date is Thursday, September 29th. Liberty Property Trust’s dividend payout ratio is currently 101.06%.
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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