Liberty Property Trust (LPT) Given Consensus Rating of “Hold” by Brokerages
Liberty Property Trust (NYSE:LPT) has earned a consensus rating of “Hold” from the twelve analysts that are covering the company. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $36.67.
Several equities research analysts recently weighed in on the stock. Morgan Stanley reaffirmed an “equal weight” rating and set a $38.00 target price 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 report on Thursday, August 25th. They issued a “neutral” rating on the stock. Zacks Investment Research downgraded shares of Liberty Property Trust from a “buy” rating to a “hold” rating in a research report on Tuesday, June 21st. Capital One Financial Corp. raised shares of Liberty Property Trust from an “equal weight” rating to an “overweight” rating and set a $41.00 price objective on the stock in a research report on Tuesday, October 4th. Finally, Citigroup Inc. increased their price objective on shares of Liberty Property Trust from $34.00 to $41.00 and gave the company a “neutral” rating in a research report on Thursday, July 7th.
Liberty Property Trust (NYSE:LPT) traded up 1.25% on Wednesday, reaching $38.92. 106,822 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 stock has a market capitalization of $5.71 billion, a price-to-earnings ratio of 20.65 and a beta of 0.97. The stock has a 50-day moving average price of $40.26 and a 200 day moving average price of $38.28.
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Liberty Property Trust (NYSE:LPT) last announced its earnings results on Tuesday, July 26th. The real estate investment trust reported $0.68 earnings per share for the quarter, topping the 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 firm had revenue of $186.65 million for the quarter, compared to the consensus estimate of $191.42 million. During the same period in the prior year, the firm earned $0.67 EPS. The firm’s revenue for the quarter was down 8.3% on a year-over-year basis. Analysts forecast that Liberty Property Trust will post $2.35 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, October 17th. Investors of record on Monday, October 3rd will be paid a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a yield of 4.94%. The ex-dividend date is Thursday, September 29th. Liberty Property Trust’s dividend payout ratio is currently 101.06%.
A number of hedge funds have recently modified their holdings of the company. Heitman Real Estate Securities LLC acquired a new stake in shares of Liberty Property Trust during the first quarter worth $78,144,000. Brookfield Asset Management Inc. acquired a new stake in shares of Liberty Property Trust during the second quarter worth $60,549,000. Kleinwort Benson Investors Dublin Ltd acquired a new stake in shares of Liberty Property Trust during the second quarter worth $46,681,000. American Century Companies Inc. boosted its stake in shares of Liberty Property Trust by 133.0% in the second quarter. American Century Companies Inc. now owns 1,851,484 shares of the real estate investment trust’s stock worth $73,541,000 after buying an additional 1,056,920 shares in the last quarter. Finally, FMR LLC boosted its stake in shares of Liberty Property Trust by 47.3% in the second quarter. FMR LLC now owns 2,587,999 shares of the real estate investment trust’s stock worth $102,795,000 after buying an additional 831,126 shares in the last quarter. Hedge funds and other institutional investors own 97.14% of the company’s stock.
About Liberty Property Trust
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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