Liberty Property Trust (NYSE:LPT) posted its earnings results on Tuesday. The real estate investment trust reported $0.40 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.63 by ($0.23), MarketWatch Earnings reports. The company had revenue of $193.65 million for the quarter, compared to analyst estimates of $174.65 million. Liberty Property Trust had a return on equity of 11.37% and a net margin of 47.24%. Liberty Property Trust’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.66 earnings per share. Liberty Property Trust updated its FY17 guidance to $2.54-2.57 EPS.

Liberty Property Trust (NYSE:LPT) opened at 42.38 on Wednesday. Liberty Property Trust has a 12-month low of $36.22 and a 12-month high of $43.70. The stock’s 50 day moving average price is $42.01 and its 200 day moving average price is $41.54. The company has a market cap of $6.24 billion, a PE ratio of 18.13 and a beta of 0.88.

The firm also recently disclosed a quarterly dividend, which was paid on Sunday, October 15th. Stockholders of record on Monday, October 2nd were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 3.78%. The ex-dividend date was Friday, September 29th. Liberty Property Trust’s dividend payout ratio (DPR) is presently 68.38%.

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Several equities analysts have recently weighed in on LPT shares. Zacks Investment Research upgraded Liberty Property Trust from a “hold” rating to a “buy” rating and set a $48.00 price objective on the stock in a report on Tuesday, September 12th. Stifel Nicolaus reiterated a “buy” rating and set a $44.00 price objective on shares of Liberty Property Trust in a report on Thursday, September 21st. Finally, KeyCorp reiterated a “hold” rating on shares of Liberty Property Trust in a report on Tuesday. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $44.00.

Liberty Property Trust declared that its board has authorized a stock buyback plan on Monday, October 2nd that allows the company to buyback $250.00 million in outstanding shares. This buyback authorization allows the real estate investment trust to reacquire shares of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

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).

Earnings History for Liberty Property Trust (NYSE:LPT)

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