Liberty Property Trust (LPT) Expected to Post FY2018 Earnings of $2.61 Per Share
Liberty Property Trust (NYSE:LPT) – Research analysts at SunTrust Banks lowered their FY2018 earnings estimates for Liberty Property Trust in a report released on Sunday. SunTrust Banks analyst K. Kim now forecasts that the real estate investment trust will post earnings per share of $2.61 for the year, down from their previous estimate of $2.65. SunTrust Banks also issued estimates for Liberty Property Trust’s FY2019 earnings at $2.78 EPS, FY2020 earnings at $2.90 EPS and FY2021 earnings at $3.05 EPS.
LPT has been the topic of a number of other research reports. Stifel Nicolaus restated a “buy” rating and set a $44.00 target price on shares of Liberty Property Trust in a report on Thursday, July 6th. Zacks Investment Research cut Liberty Property Trust from a “buy” rating to a “hold” rating in a report on Monday, September 4th. KeyCorp reiterated a “hold” rating on shares of Liberty Property Trust in a report on Friday, August 25th. Finally, BidaskClub cut Liberty Property Trust from a “buy” rating to a “hold” rating in a report on Wednesday, June 21st. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $43.60.
Shares of Liberty Property Trust (NYSE:LPT) traded down 0.199% during mid-day trading on Tuesday, hitting $42.615. The stock had a trading volume of 53,037 shares. The company has a market capitalization of $6.28 billion, a P/E ratio of 18.227 and a beta of 0.88. Liberty Property Trust has a 1-year low of $36.22 and a 1-year high of $43.70. The stock’s 50-day moving average price is $42.08 and its 200 day moving average price is $40.95.
Liberty Property Trust (NYSE:LPT) last announced its earnings results on Tuesday, July 25th. The real estate investment trust reported $0.65 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.62 by $0.03. Liberty Property Trust had a return on equity of 11.37% and a net margin of 47.24%. The company had revenue of $183.13 million during the quarter, compared to analyst estimates of $175.60 million. During the same period last year, the company posted $0.68 earnings per share. The firm’s quarterly revenue was down 1.9% compared to the same quarter last year.
Institutional investors have recently made changes to their positions in the stock. Robecosam AG raised its position in Liberty Property Trust by 107.7% in the 1st quarter. Robecosam AG now owns 2,700 shares of the real estate investment trust’s stock valued at $103,000 after buying an additional 1,400 shares during the last quarter. Advisor Group Inc. raised its position in Liberty Property Trust by 3.9% in the 2nd quarter. Advisor Group Inc. now owns 2,585 shares of the real estate investment trust’s stock valued at $105,000 after buying an additional 98 shares during the last quarter. Commonwealth Bank of Australia raised its position in Liberty Property Trust by 4.8% in the 2nd quarter. Commonwealth Bank of Australia now owns 3,119 shares of the real estate investment trust’s stock valued at $126,000 after buying an additional 143 shares during the last quarter. Gilbert & Cook Inc. acquired a new stake in Liberty Property Trust in the 2nd quarter valued at approximately $203,000. Finally, Virtu KCG Holdings LLC acquired a new stake in Liberty Property Trust in the 2nd quarter valued at approximately $212,000. 91.65% of the stock is currently owned by institutional investors and hedge funds.
The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, October 15th. Stockholders of record on Monday, October 2nd will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 3.75%. The ex-dividend date is Friday, September 29th. Liberty Property Trust’s dividend payout ratio (DPR) is presently 68.38%.
About Liberty Property Trust
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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