Liberty Property Trust (LPT) Announces $0.40 Quarterly Dividend
Liberty Property Trust (NYSE:LPT) declared a quarterly dividend on Thursday, May 25th. Shareholders of record on Monday, July 3rd will be given a dividend of 0.40 per share by the real estate investment trust on Saturday, July 15th. This represents a $1.60 annualized dividend and a yield of 3.86%. The ex-dividend date is Thursday, June 29th.
Liberty Property Trust has a payout ratio of 64.8% meaning its dividend is sufficiently covered by earnings. Analysts expect Liberty Property Trust to earn $1.27 per share next year, which means the company may not be able to cover its $1.60 annual dividend with an expected future payout ratio of 126.0%.
Liberty Property Trust (NYSE:LPT) traded down 0.53% on Thursday, reaching $41.41. The company’s stock had a trading volume of 324,889 shares. The firm’s 50 day moving average is $40.71 and its 200-day moving average is $39.46. The firm has a market cap of $6.10 billion, a P/E ratio of 17.78 and a beta of 0.89. Liberty Property Trust has a 12 month low of $36.22 and a 12 month high of $42.26.
Liberty Property Trust (NYSE:LPT) last issued its earnings results on Tuesday, April 25th. The real estate investment trust reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.02. Liberty Property Trust had a net margin of 47.78% and a return on equity of 12.02%. The firm had revenue of $175.40 million for the quarter, compared to analyst estimates of $177.25 million. During the same quarter last year, the business posted $0.62 earnings per share. The company’s quarterly revenue was down 7.7% on a year-over-year basis. On average, equities research analysts anticipate that Liberty Property Trust will post $1.30 EPS for the current year.
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In other Liberty Property Trust news, Director Fredric J. Tomczyk purchased 5,000 shares of the business’s stock in a transaction dated Monday, March 27th. The shares were bought at an average price of $38.85 per share, for a total transaction of $194,250.00. Following the completion of the acquisition, the director now owns 12,583 shares in the company, valued at $488,849.55. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.40% of the stock is currently owned by insiders.
A number of brokerages have weighed in on LPT. Stifel Nicolaus raised their target price on shares of Liberty Property Trust from $42.00 to $44.00 and gave the company a “buy” rating in a research report on Wednesday, April 26th. Mitsubishi UFJ Financial Group restated an “overweight” rating on shares of Liberty Property Trust in a research report on Thursday, March 30th. BMO Capital Markets restated a “hold” rating and issued a $40.00 target price on shares of Liberty Property Trust in a research report on Wednesday, March 22nd. Finally, Capital One Financial Corp. lowered shares of Liberty Property Trust from an “overweight” rating to an “equal weight” rating and set a $40.00 price target on the stock. in a report on Monday, February 13th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company’s stock. Liberty Property Trust presently has a consensus rating of “Hold” and a consensus price target of $41.71.
Liberty Property Trust Company Profile
Liberty Property Trust (the Trust) is a self-administered and self-managed Maryland real estate investment trust (REIT). The Trust’s assets are owned directly or indirectly, and substantially all of the Trust’s operations are conducted directly or indirectly, by its subsidiary, Liberty Property Limited Partnership (the Operating Partnership).
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