Liberty Property Trust (LPT) Rating Increased to Overweight at Capital One Financial Corp.
Liberty Property Trust (NYSE:LPT) was upgraded by analysts at Capital One Financial Corp. from an “equal weight” rating to an “overweight” rating in a research note issued to investors on Tuesday. The brokerage currently has a $41.00 target price on the real estate investment trust’s stock. Capital One Financial Corp.’s price objective would indicate a potential upside of 6.63% from the stock’s current price.
A number of other research analysts have also issued reports on LPT. Zacks Investment Research lowered shares of Liberty Property Trust from a “buy” rating to a “hold” rating in a research note on Tuesday, June 21st. Morgan Stanley restated an “equal weight” rating and set a $38.00 price target on shares of Liberty Property Trust in a research note on Tuesday, September 6th. BTIG Research assumed coverage on shares of Liberty Property Trust in a research note on Thursday, August 25th. They set a “neutral” rating on the stock. Finally, Citigroup Inc. upped their price target on shares of Liberty Property Trust from $34.00 to $41.00 and gave the company a “neutral” rating in a research note on Thursday, July 7th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $37.57.
Liberty Property Trust (NYSE:LPT) traded down 0.36% on Tuesday, hitting $38.45. 696,673 shares of the company were exchanged. Liberty Property Trust has a 52 week low of $26.94 and a 52 week high of $42.26. The company has a market capitalization of $5.64 billion, a P/E ratio of 20.40 and a beta of 0.97. The firm’s 50 day moving average is $40.37 and its 200 day moving average is $38.15.
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Liberty Property Trust (NYSE:LPT) last issued its quarterly earnings results on Tuesday, July 26th. The real estate investment trust reported $0.68 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.64 by $0.04. Liberty Property Trust had a net margin of 35.96% and a return on equity of 9.36%. The business had revenue of $186.65 million for the quarter, compared to analyst estimates of $191.42 million. During the same quarter in the prior year, the business posted $0.67 EPS. Liberty Property Trust’s revenue for the quarter was down 8.3% compared to the same quarter last year. On average, equities research analysts forecast that Liberty Property Trust will post $2.35 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, October 17th. Investors of record on Monday, October 3rd will be given a dividend of $0.475 per share. The ex-dividend date is Thursday, September 29th. This represents a $1.90 annualized dividend and a yield of 4.94%. Liberty Property Trust’s dividend payout ratio is presently 101.06%.
Hedge funds have recently added to or reduced their stakes in the stock. Norges Bank purchased a new stake in Liberty Property Trust during the fourth quarter valued at approximately $40,881,000. Virginia Retirement System purchased a new stake in Liberty Property Trust during the first quarter valued at approximately $579,000. IFP Advisors Inc raised its stake in Liberty Property Trust by 198.8% in the first quarter. IFP Advisors Inc now owns 7,184 shares of the real estate investment trust’s stock valued at $240,000 after buying an additional 4,780 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. purchased a new stake in Liberty Property Trust during the first quarter valued at approximately $10,586,000. Finally, TIAA CREF Investment Management LLC raised its stake in Liberty Property Trust by 20.2% in the first quarter. TIAA CREF Investment Management LLC now owns 290,674 shares of the real estate investment trust’s stock valued at $9,726,000 after buying an additional 48,932 shares in the last quarter. Institutional investors own 97.14% of the company’s stock.
Liberty Property Trust Company Profile
Liberty Property Trust is a real estate investment trust. The Company’s operations are primarily conducted by its subsidiary, Liberty Property Limited Partnership. Its segments include Carolinas; Chicago/Milwaukee; Houston, Lehigh/Central PA; Minnesota; Orlando; Philadelphia; Richmond/Hampton Roads; Southeastern PA; South Florida; Tampa; United Kingdom, and Other, which includes Arizona, Atlanta, Cincinnati/Columbus/Indianapolis, Dallas, Maryland, New Jersey, Northern Virginia, Southern California, Washington DC and other segments.
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