Liberty Property Trust (LRY) Posts Quarterly Earnings, Misses Expectations By $0.06 EPS
Liberty Property Trust (NYSE:LRY) posted its quarterly earnings results on Tuesday. The company reported $0.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.63 by $0.06, American Banking and Market News reports. During the same quarter in the previous year, the company posted $0.64 earnings per share.
LRY has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Liberty Property Trust in a research note to investors on Tuesday, September 24th. They now have a $38.00 price target on the stock. Analysts at Sandler O’Neill downgraded shares of Liberty Property Trust from a “buy” rating to a “hold” rating in a research note to investors on Thursday, August 1st. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $41.67.
Shares of Liberty Property Trust (NYSE:LRY) opened at 37.29 on Tuesday. Liberty Property Trust has a 1-year low of $33.03 and a 1-year high of $45.02. The stock has a 50-day moving average of $35.92 and a 200-day moving average of $38.. The company has a market cap of $4.545 billion and a price-to-earnings ratio of 26.02.
Liberty Property Trust (NYSE:LRY) is a self-administered and self-managed Maryland real estate investment trust (REIT).
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