Liberty Property Trust Receives Consensus Rating of “Hold” from Brokerages (NYSE:LPT)
Shares of Liberty Property Trust (NYSE:LPT) have received an average rating of “Hold” from the eight analysts that are currently covering the company, AnalystRatings.Net reports. Six analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $40.08.
Several analysts have recently commented on the stock. Analysts at Oppenheimer downgraded shares of Liberty Property Trust from an “outperform” rating to a “market perform” rating in a research note on Friday, July 25th. They now have a $42.00 price target on the stock. Separately, 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, July 23rd. Finally, 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.
Shares of Liberty Property Trust (NYSE:LPT) traded up 0.49% on Thursday, hitting $34.58. The stock had a trading volume of 56,786 shares. Liberty Property Trust has a 52-week low of $31.96 and a 52-week high of $40.17. The stock’s 50-day moving average is $37.18 and its 200-day moving average is $37.27. The company has a market cap of $5.121 billion and a P/E ratio of 25.21.
Liberty Property Trust (NYSE:LPT) last announced its 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. Analysts expect that Liberty Property Trust will post $2.44 EPS for the current fiscal year.
Liberty Property Trust (NYSE:LPT) is a self-administered and self-managed Maryland real estate investment trust (REIT).
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