Liberty Property Trust (NYSE:LPT) declared that its Board of Directors has initiated a stock buyback plan, which allows the company to buyback $250.00 million in outstanding shares on Monday, October 2nd, EventVestor reports. This buyback authorization allows the real estate investment trust to purchase shares of its stock through open market purchases. Shares buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

LPT has been the subject of a number of research analyst reports. BidaskClub cut Liberty Property Trust from a “buy” rating to a “hold” rating in a research note on Wednesday, June 21st. Zacks Investment Research upgraded Liberty Property Trust from a “hold” rating to a “buy” rating and set a $46.00 price target on the stock in a research note on Wednesday, June 28th. Stifel Nicolaus restated a “buy” rating and set a $44.00 price target on shares of Liberty Property Trust in a research note on Thursday, July 6th. Finally, KeyCorp restated a “hold” rating on shares of Liberty Property Trust in a report on Friday, August 25th. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. Liberty Property Trust has an average rating of “Hold” and a consensus target price of $43.60.

Shares of Liberty Property Trust (LPT) traded down 0.15% during midday trading on Wednesday, hitting $41.24. 94,763 shares of the stock were exchanged. The stock has a 50 day moving average price of $42.10 and a 200-day moving average price of $41.21. Liberty Property Trust has a 12 month low of $36.22 and a 12 month high of $43.70. The company has a market cap of $6.08 billion, a PE ratio of 17.64 and a beta of 0.88.

Liberty Property Trust (NYSE:LPT) last announced its quarterly earnings results on Tuesday, July 25th. The real estate investment trust reported $0.65 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.62 by $0.03. The company had revenue of $183.13 million for the quarter, compared to analyst estimates of $175.60 million. Liberty Property Trust had a net margin of 47.24% and a return on equity of 11.37%. The firm’s revenue was down 1.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.68 earnings per share. On average, analysts predict that Liberty Property Trust will post $1.23 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, October 15th. Stockholders of record on Monday, October 2nd will be given a dividend of $0.40 per share. The ex-dividend date is Friday, September 29th. This represents a $1.60 annualized dividend and a dividend yield of 3.87%. Liberty Property Trust’s dividend payout ratio is presently 68.38%.

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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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