Liberty Property Trust (NYSE:LPT)‘s stock had its “hold” rating reissued by equities research analysts at KeyCorp in a research report issued on Tuesday.

LPT has been the subject of several other reports. Stifel Nicolaus reiterated a “buy” rating and issued 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, August 21st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $43.60.

Shares of Liberty Property Trust (NYSE:LPT) traded up 2.00% during trading on Tuesday, reaching $42.38. The company’s stock had a trading volume of 1,478,761 shares. The stock has a market cap of $6.24 billion, a price-to-earnings ratio of 18.13 and a beta of 0.88. Liberty Property Trust has a one year low of $36.22 and a one year high of $43.70. The company has a 50-day moving average price of $42.01 and a 200-day moving average price of $41.54.

Liberty Property Trust (NYSE:LPT) last issued its earnings results on Tuesday, October 24th. The real estate investment trust reported $0.66 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.63 by $0.03. Liberty Property Trust had a return on equity of 11.37% and a net margin of 47.24%. The business had revenue of $193.65 million during the quarter, compared to analysts’ expectations of $174.65 million. During the same period in the prior year, the business earned $0.66 EPS. The business’s revenue for the quarter was up 1.5% compared to the same quarter last year. On average, equities research analysts forecast that Liberty Property Trust will post $1.23 earnings per share for the current fiscal year.

Liberty Property Trust announced that its Board of Directors has authorized a share repurchase program on Monday, October 2nd that authorizes the company to buyback $250.00 million in shares. This buyback authorization authorizes the real estate investment trust to repurchase shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.

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Several hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. lifted its stake in shares of Liberty Property Trust by 3.0% during the 1st quarter. Vanguard Group Inc. now owns 23,649,942 shares of the real estate investment trust’s stock worth $911,706,000 after purchasing an additional 695,589 shares during the last quarter. BlackRock Inc. lifted its stake in shares of Liberty Property Trust by 1,913.0% during the 1st quarter. BlackRock Inc. now owns 19,225,871 shares of the real estate investment trust’s stock worth $741,156,000 after purchasing an additional 18,270,789 shares during the last quarter. State Street Corp lifted its stake in shares of Liberty Property Trust by 0.8% during the 4th quarter. State Street Corp now owns 8,539,660 shares of the real estate investment trust’s stock worth $337,327,000 after purchasing an additional 68,372 shares during the last quarter. Morgan Stanley lifted its stake in shares of Liberty Property Trust by 4.8% during the 4th quarter. Morgan Stanley now owns 7,457,543 shares of the real estate investment trust’s stock worth $231,556,000 after purchasing an additional 339,411 shares during the last quarter. Finally, BlackRock Fund Advisors lifted its stake in shares of Liberty Property Trust by 4.5% during the 3rd quarter. BlackRock Fund Advisors now owns 6,235,150 shares of the real estate investment trust’s stock worth $251,588,000 after purchasing an additional 267,458 shares during the last quarter. Hedge funds and other institutional investors own 91.46% of the company’s stock.

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).

Analyst Recommendations for Liberty Property Trust (NYSE:LPT)

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