Capital One Financial Corp. Comments on Liberty Property Trust’s FY2018 Earnings (LPT)
Liberty Property Trust (NYSE:LPT) – Capital One Financial Corp. issued their FY2018 earnings estimates for shares of Liberty Property Trust in a report released on Sunday. Capital One Financial Corp. analyst T. Lesnick expects that the firm will post earnings of $2.64 per share for the year. Capital One Financial Corp. currently has a “Overweight” rating and a $41.00 price target on the stock.
Several other equities research analysts have also recently weighed in on LPT. Zacks Investment Research upgraded shares of Liberty Property Trust from a “hold” rating to a “buy” rating and set a $43.00 target price for the company in a research note on Monday, June 20th. Citigroup Inc. increased their target price 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. BTIG Research initiated coverage on shares of Liberty Property Trust in a research note on Thursday, August 25th. They issued a “neutral” rating for the company. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $38.00 target price on shares of Liberty Property Trust in a research note on Tuesday, September 6th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $37.57.
Shares of Liberty Property Trust (NYSE:LPT) traded up 1.05% during trading on Tuesday, hitting $40.25. The stock had a trading volume of 610,503 shares. Liberty Property Trust has a one year low of $26.94 and a one year high of $42.26. The stock’s 50-day moving average price is $40.18 and its 200 day moving average price is $38.47. The stock has a market cap of $5.91 billion, a price-to-earnings ratio of 21.35 and a beta of 0.97.
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Liberty Property Trust (NYSE:LPT) last issued its quarterly earnings data on Tuesday, July 26th. The real estate investment trust reported $0.68 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.64 by $0.04. The business earned $186.65 million during the quarter, compared to the consensus estimate of $191.42 million. Liberty Property Trust had a return on equity of 9.36% and a net margin of 35.96%. The business’s revenue was down 8.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.67 earnings per share.
Several hedge funds have recently bought and sold shares of LPT. Goldman Sachs Group Inc. raised its stake in Liberty Property Trust by 4.9% in the first quarter. Goldman Sachs Group Inc. now owns 5,058,576 shares of the real estate investment trust’s stock valued at $169,261,000 after buying an additional 237,477 shares during the last quarter. AXA raised its stake in Liberty Property Trust by 5,639.7% in the first quarter. AXA now owns 21,983 shares of the real estate investment trust’s stock valued at $736,000 after buying an additional 21,600 shares during the last quarter. Rafferty Asset Management LLC raised its stake in Liberty Property Trust by 49.2% in the first quarter. Rafferty Asset Management LLC now owns 19,724 shares of the real estate investment trust’s stock valued at $660,000 after buying an additional 6,502 shares during the last quarter. State Street Corp raised its stake in Liberty Property Trust by 3.5% in the first quarter. State Street Corp now owns 7,844,501 shares of the real estate investment trust’s stock valued at $262,476,000 after buying an additional 268,863 shares during the last quarter. Finally, Kempen Capital Management N.V. raised its stake in Liberty Property Trust by 19.9% in the first quarter. Kempen Capital Management N.V. now owns 61,453 shares of the real estate investment trust’s stock valued at $2,057,000 after buying an additional 10,206 shares during the last quarter. 97.08% of the stock is owned by institutional investors.
The company also recently disclosed a quarterly dividend, which was paid on Monday, October 17th. Stockholders of record on Monday, October 3rd were issued a dividend of $0.475 per share. This represents a $1.90 annualized dividend and a dividend yield of 4.77%. The ex-dividend date of this dividend was Thursday, September 29th. Liberty Property Trust’s payout ratio is 101.06%.
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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