Oppenheimer Downgrades Liberty Property Trust to Market Perform (LPT)
Liberty Property Trust (NYSE:LPT) was downgraded by equities research analysts at Oppenheimer from an “outperform” rating to a “market perform” rating in a research note issued to investors on Friday, TheFlyOnTheWall.com reports. They currently have a $42.00 price target on the stock. Oppenheimer’s target price suggests a potential upside of 14.88% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Wells Fargo & Co. downgraded shares of Liberty Property Trust from an “outperform” rating to a “market perform” rating in a research note on Wednesday. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Liberty Property Trust in a research note on Thursday, July 10th. They now have a $39.00 price target on the stock. Finally, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Liberty Property Trust in a research note on Thursday, June 19th. They now have a $38.50 price target on the stock, up previously from $36.00. Seven equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $40.08.
Shares of Liberty Property Trust (NYSE:LPT) opened at 36.56 on Friday. Liberty Property Trust has a 1-year low of $31.96 and a 1-year high of $40.17. The stock has a 50-day moving average of $37.84 and a 200-day moving average of $37.21. The company has a market cap of $5.402 billion and a P/E ratio of 26.89.
Liberty Property Trust (NYSE:LPT) last posted its quarterly earnings results on Tuesday, July 22nd. The company reported $0.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.61 by $0.02. The company had revenue of $193.00 million for the quarter, compared to the consensus estimate of $200.15 million. The company’s revenue for the quarter was up 27.8% on a year-over-year basis. On average, analysts predict that Liberty Property Trust will post $2.47 earnings per share for the current fiscal year.
Liberty Property Trust (NYSE:LPT) is a self-administered and self-managed Maryland real estate investment trust (REIT).
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.