Liberty Property Trust (NYSE:LPT) has been assigned an average recommendation of “Hold” from the twelve brokerages that are presently covering the stock. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $36.67.
Several research firms recently weighed in on LPT. Zacks Investment Research lowered shares of Liberty Property Trust from a “hold” rating to a “sell” rating in a report on Wednesday, October 5th. Capital One Financial Corp. upgraded shares of Liberty Property Trust from an “equal weight” rating to an “overweight” rating and set a $41.00 target price on the stock in a report on Tuesday, October 4th. Morgan Stanley began coverage on shares of Liberty Property Trust in a report on Tuesday, September 6th. They set an “equal weight” rating and a $38.00 target price on the stock. BTIG Research began coverage on shares of Liberty Property Trust in a report on Thursday, August 25th. They set a “neutral” rating on the stock. Finally, Citigroup Inc. lifted their target price on shares of Liberty Property Trust from $34.00 to $41.00 and gave the company a “neutral” rating in a report on Thursday, July 7th.
Liberty Property Trust (NYSE:LPT) opened at 39.91 on Wednesday. The stock has a market cap of $5.86 billion, a price-to-earnings ratio of 21.17 and a beta of 0.97. Liberty Property Trust has a one year low of $26.94 and a one year high of $42.26. The firm’s 50 day moving average price is $40.19 and its 200 day moving average price is $38.35.
Liberty Property Trust (NYSE:LPT) last announced its quarterly earnings results on Tuesday, July 26th. The real estate investment trust reported $0.68 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.64 by $0.04. The company had revenue of $186.65 million for the quarter, compared to analyst estimates of $191.42 million. Liberty Property Trust had a net margin of 35.96% and a return on equity of 9.36%. Liberty Property Trust’s revenue for the quarter was down 8.3% on a year-over-year basis. During the same quarter last year, the business earned $0.67 EPS. Equities analysts forecast that Liberty Property Trust will post $2.35 earnings per share 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. This represents a $1.90 annualized dividend and a dividend yield of 4.76%. The ex-dividend date of this dividend is Thursday, September 29th. Liberty Property Trust’s payout ratio is currently 101.06%.
Several large investors have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC increased its stake in Liberty Property Trust by 35.9% in the second quarter. Tower Research Capital LLC TRC now owns 2,736 shares of the real estate investment trust’s stock valued at $109,000 after buying an additional 723 shares during the last quarter. Fort Washington Investment Advisors Inc OH bought a new stake in Liberty Property Trust during the second quarter valued at $207,000. Baldwin Investment Management LLC bought a new stake in Liberty Property Trust during the second quarter valued at $209,000. Hancock Holding Co. bought a new stake in Liberty Property Trust during the second quarter valued at $225,000. Finally, Jane Street Group LLC bought a new stake in Liberty Property Trust during the second quarter valued at $233,000. 97.14% of the stock is owned by institutional investors.
Liberty Property Trust Company Profile
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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