Liberty Property Trust (LPT) Issues FY17 Earnings Guidance
Liberty Property Trust (NYSE:LPT) updated its FY17 earnings guidance on Tuesday. The company provided EPS guidance of $2.54-2.57 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.52.
A number of equities research analysts have recently issued reports on the stock. Zacks Investment Research raised shares of Liberty Property Trust from a hold rating to a buy rating and set a $48.00 target price for the company in a research report on Tuesday, September 12th. Stifel Nicolaus reissued a buy rating and issued a $44.00 target price on shares of Liberty Property Trust in a research report on Thursday, September 21st. Finally, KeyCorp reissued a hold rating on shares of Liberty Property Trust in a research report on Friday, August 25th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the stock. The company has an average rating of Hold and an average target price of $43.60.
Shares of Liberty Property Trust (NYSE:LPT) opened at 41.55 on Tuesday. The company has a market cap of $6.12 billion, a PE ratio of 17.77 and a beta of 0.88. Liberty Property Trust has a 12 month low of $36.22 and a 12 month high of $43.70. The stock has a 50 day moving average of $42.00 and a 200-day moving average of $41.52.
Liberty Property Trust (NYSE:LPT) last posted its quarterly earnings results on Tuesday, October 24th. The real estate investment trust reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.03. The company had revenue of $193.65 million during the quarter, compared to the consensus estimate of $174.65 million. Liberty Property Trust had a return on equity of 11.37% and a net margin of 47.24%. The firm’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.66 EPS. Equities analysts forecast that Liberty Property Trust will post $1.23 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Sunday, October 15th. Shareholders of record on Monday, October 2nd were paid a $0.40 dividend. The ex-dividend date was Friday, September 29th. This represents a $1.60 annualized dividend and a yield of 3.85%. Liberty Property Trust’s dividend payout ratio is currently 68.38%.
Liberty Property Trust declared that its Board of Directors has approved a stock repurchase program on Monday, October 2nd that authorizes the company to repurchase $250.00 million in shares. This repurchase authorization authorizes the real estate investment trust to buy shares of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.
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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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