Liberty Property Trust Upgraded by BMO Capital Markets to Outperform (LRY)
Liberty Property Trust (NYSE:LRY) was upgraded by analysts at BMO Capital Markets from a “market perform” rating to an “outperform” rating in a research report issued to clients and investors on Thursday, TheFlyOnTheWall.com reports.
A number of other firms have also recently commented on LRY. Analysts at Stifel Nicolaus upgraded shares of Liberty Property Trust from a “hold” rating to a “buy” rating in a research note to investors on Tuesday, December 17th. They now have a $36.00 price target on the stock. They noted that the move was a valuation call. Separately, analysts at Wells Fargo & Co. upgraded shares of Liberty Property Trust from a “market perform” rating to an “outperform” rating in a research note to investors on Tuesday, December 3rd. Finally, analysts at Zacks downgraded shares of Liberty Property Trust from a “neutral” rating to an “underperform” rating in a research note to investors on Thursday, November 28th. They now have a $30.00 price target on the stock. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $36.00.
Liberty Property Trust (NYSE:LRY) opened at 33.87 on Thursday. Liberty Property Trust has a 1-year low of $31.96 and a 1-year high of $45.02. The stock has a 50-day moving average of $33.68 and a 200-day moving average of $35.87. The company has a market cap of $4.965 billion and a price-to-earnings ratio of 24.44.
Liberty Property Trust (NYSE:LRY) last issued its quarterly earnings data on Tuesday, October 22nd. The company reported $0.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.63 by $0.06. During the same quarter in the previous year, the company posted $0.64 earnings per share. Analysts expect that Liberty Property Trust will post $2.49 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, January 15th. Stockholders of record on Thursday, January 2nd will be paid a dividend of 0.475 per share. This represents a $1.90 annualized dividend and a dividend yield of 5.61%. The ex-dividend date is Monday, December 30th.
Liberty Property Trust (NYSE:LRY) is a self-administered and self-managed Maryland real estate investment trust (REIT).
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