Analysts expect Liberty Property Trust (NYSE:LPT) to report $0.65 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Liberty Property Trust’s earnings, with the highest EPS estimate coming in at $0.66 and the lowest estimate coming in at $0.64. Liberty Property Trust posted earnings of $1.33 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 51.1%. The company is scheduled to issue its next quarterly earnings results on Tuesday, February 6th.

On average, analysts expect that Liberty Property Trust will report full-year earnings of $2.55 per share for the current financial year, with EPS estimates ranging from $2.52 to $2.56. For the next fiscal year, analysts anticipate that the firm will report earnings of $2.62 per share, with EPS estimates ranging from $2.60 to $2.67. Zacks’ earnings per share calculations are an average based on a survey of research firms that cover Liberty Property Trust.

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

LPT has been the topic of a number of recent analyst reports. Sandler O’Neill upgraded Liberty Property Trust from a “sell” rating to a “hold” rating and set a $45.00 price target on the stock in a research report on Wednesday, October 25th. Stifel Nicolaus reiterated a “buy” rating and set a $44.00 price target on shares of Liberty Property Trust in a research report on Thursday, September 21st. Zacks Investment Research downgraded Liberty Property Trust from a “buy” rating to a “hold” rating in a research report on Monday, August 21st. KeyCorp reiterated a “hold” rating on shares of Liberty Property Trust in a research report on Friday, August 25th. Finally, ValuEngine upgraded Liberty Property Trust from a “hold” rating to a “buy” rating in a research report on Friday, November 10th. Six analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Liberty Property Trust currently has an average rating of “Hold” and an average target price of $44.17.

In other news, Director David L. Lingerfelt sold 18,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $44.56, for a total value of $802,080.00. Following the transaction, the director now owns 56,814 shares in the company, valued at $2,531,631.84. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 1.50% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Advisor Group Inc. lifted its position in shares of Liberty Property Trust by 3.9% in the second quarter. Advisor Group Inc. now owns 2,585 shares of the real estate investment trust’s stock valued at $105,000 after acquiring an additional 98 shares in the last quarter. Commonwealth Bank of Australia increased its holdings in shares of Liberty Property Trust by 4.8% in the second quarter. Commonwealth Bank of Australia now owns 3,119 shares of the real estate investment trust’s stock valued at $126,000 after purchasing an additional 143 shares during the last quarter. World Asset Management Inc increased its holdings in shares of Liberty Property Trust by 1.7% in the second quarter. World Asset Management Inc now owns 11,453 shares of the real estate investment trust’s stock valued at $466,000 after purchasing an additional 196 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Liberty Property Trust by 0.7% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 31,893 shares of the real estate investment trust’s stock valued at $1,298,000 after purchasing an additional 213 shares during the last quarter. Finally, CIBC Asset Management Inc increased its holdings in shares of Liberty Property Trust by 3.2% in the second quarter. CIBC Asset Management Inc now owns 10,886 shares of the real estate investment trust’s stock valued at $443,000 after purchasing an additional 342 shares during the last quarter. Institutional investors and hedge funds own 91.46% of the company’s stock.

Shares of Liberty Property Trust (NYSE:LPT) traded down $0.58 during mid-day trading on Wednesday, reaching $44.17. The company’s stock had a trading volume of 798,200 shares, compared to its average volume of 738,161. The stock has a market capitalization of $6,596.96, a P/E ratio of 19.29, a P/E/G ratio of 2.93 and a beta of 0.88. The company has a quick ratio of 1.78, a current ratio of 1.78 and a debt-to-equity ratio of 0.93. Liberty Property Trust has a 52 week low of $37.21 and a 52 week high of $45.40.

Liberty Property Trust declared that its board has authorized a stock repurchase plan on Monday, October 2nd that permits the company to repurchase $250.00 million in outstanding shares. This repurchase authorization permits the real estate investment trust to buy shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board of directors believes its stock is 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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Earnings History and Estimates for Liberty Property Trust (NYSE:LPT)

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