Liberty Property Trust Receives Consensus Recommendation of “Hold” from Analysts (NYSE:LPT)
Shares of Liberty Property Trust (NYSE:LPT) have been given a consensus recommendation of “Hold” by the seven ratings firms that are covering the company, AnalystRatingsNetwork reports. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $40.30.
Liberty Property Trust (NYSE:LPT) opened at 34.81 on Thursday. Liberty Property Trust has a 1-year low of $31.96 and a 1-year high of $40.17. The stock’s 50-day moving average is $37.02 and its 200-day moving average is $37.23. The company has a market cap of $5.155 billion and a price-to-earnings ratio of 25.33.
Liberty Property Trust (NYSE:LPT) last announced its earnings results on Tuesday, July 22nd. The company reported $0.59 EPS for the quarter, missing the Thomson Reuters 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 quarterly revenue was up 27.8% on a year-over-year basis. On average, analysts predict that Liberty Property Trust will post $2.44 earnings per share for the current fiscal year.
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 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.
Liberty Property Trust (NYSE:LPT) is a self-administered and self-managed Maryland real estate investment trust (REIT).
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