Analysts expect that Liberty Property Trust (NYSE:LPT) will post $172.79 million in sales for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Liberty Property Trust’s earnings, with the highest sales estimate coming in at $178.70 million and the lowest estimate coming in at $168.92 million. Liberty Property Trust reported sales of $179.06 million during the same quarter last year, which would suggest a negative year over year growth rate of 3.5%. The business is scheduled to issue its next earnings results on Tuesday, February 6th.

According to Zacks, analysts expect that Liberty Property Trust will report full year sales of $172.79 million for the current year, with estimates ranging from $667.15 million to $725.00 million. For the next year, analysts anticipate that the business will report sales of $721.51 million per share, with estimates ranging from $686.33 million to $777.00 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for Liberty Property Trust.

Liberty Property Trust (NYSE:LPT) last announced its quarterly earnings data on Tuesday, October 24th. The real estate investment trust reported $0.40 EPS for the quarter, missing the consensus estimate of $0.63 by ($0.23). The firm had revenue of $193.65 million for the quarter, compared to the consensus estimate of $174.65 million. Liberty Property Trust had a net margin of 47.78% and a return on equity of 11.41%. Liberty Property Trust’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.66 earnings per share.

A number of equities research analysts recently commented on the company. Zacks Investment Research upgraded Liberty Property Trust from a “hold” rating to a “buy” rating and set a $48.00 target price on the stock in a research report on Tuesday, September 12th. Stifel Nicolaus reiterated a “buy” rating and issued a $44.00 target price on shares of Liberty Property Trust in a research report on Thursday, September 21st. KeyCorp reiterated a “hold” rating on shares of Liberty Property Trust in a research report on Tuesday, October 24th. Finally, Sandler O’Neill upgraded Liberty Property Trust from a “sell” rating to a “hold” rating and set a $45.00 target price on the stock in a research report on Wednesday, October 25th. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $44.17.

Liberty Property Trust (NYSE LPT) opened at 43.22 on Monday. The company has a market capitalization of $6.37 billion, a price-to-earnings ratio of 18.49 and a beta of 0.88. The stock’s 50 day moving average price is $42.02 and its 200 day moving average price is $41.58. Liberty Property Trust has a 12 month low of $36.22 and a 12 month high of $43.70.

Liberty Property Trust announced that its Board of Directors has initiated a share repurchase plan on Monday, October 2nd that authorizes the company to buyback $250.00 million in outstanding shares. This buyback authorization authorizes the real estate investment trust to purchase shares of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s board of directors believes its stock is undervalued.

The business also recently disclosed a quarterly dividend, which was paid on Sunday, October 15th. Shareholders of record on Monday, October 2nd were given a dividend of $0.40 per share. The ex-dividend date was Friday, September 29th. This represents a $1.60 dividend on an annualized basis and a yield of 3.70%. Liberty Property Trust’s dividend payout ratio (DPR) is presently 67.51%.

A number of hedge funds have recently modified their holdings of LPT. OppenheimerFunds Inc. raised its position in Liberty Property Trust by 30.3% during the first quarter. OppenheimerFunds Inc. now owns 28,721 shares of the real estate investment trust’s stock valued at $1,107,000 after purchasing an additional 6,673 shares during the period. Teachers Advisors LLC raised its position in Liberty Property Trust by 9.0% during the first quarter. Teachers Advisors LLC now owns 198,856 shares of the real estate investment trust’s stock valued at $7,666,000 after purchasing an additional 16,494 shares during the period. PNC Financial Services Group Inc. raised its position in Liberty Property Trust by 32.6% during the first quarter. PNC Financial Services Group Inc. now owns 16,851 shares of the real estate investment trust’s stock valued at $649,000 after purchasing an additional 4,140 shares during the period. Oppenheimer Asset Management Inc. purchased a new stake in Liberty Property Trust during the first quarter valued at approximately $496,000. Finally, Bank of America Corp DE raised its position in Liberty Property Trust by 15.0% during the first quarter. Bank of America Corp DE now owns 441,216 shares of the real estate investment trust’s stock valued at $17,009,000 after purchasing an additional 57,581 shares during the period. Institutional investors and hedge funds own 91.46% of the company’s stock.

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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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Earnings History and Estimates for Liberty Property Trust (NYSE:LPT)

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