Brokerages expect Liberty Property Trust (NYSE:LPT) to report sales of $173.02 million for the current fiscal quarter, Zacks reports. Three analysts have made estimates for Liberty Property Trust’s earnings. The highest sales estimate is $179.40 million and the lowest is $168.92 million. Liberty Property Trust reported sales of $179.06 million in the same quarter last year, which would suggest a negative year over year growth rate of 3.4%. The business is expected to report its next quarterly earnings report on Tuesday, February 6th.

On average, analysts expect that Liberty Property Trust will report full-year sales of $173.02 million for the current fiscal year, with estimates ranging from $667.15 million to $725.00 million. For the next year, analysts anticipate that the company will report sales of $716.63 million per share, with estimates ranging from $686.33 million to $777.00 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow 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 Zacks’ consensus estimate of $0.63 by ($0.23). The company had revenue of $193.65 million for the quarter, compared to analyst estimates of $174.65 million. Liberty Property Trust had a net margin of 47.78% and a return on equity of 11.41%. The firm’s quarterly revenue was up 1.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.66 EPS.

A number of brokerages have recently commented on LPT. ValuEngine raised shares of Liberty Property Trust from a “hold” rating to a “buy” rating in a research report on Friday, November 10th. Zacks Investment Research raised shares of Liberty Property Trust from a “hold” rating to a “buy” rating and set a $48.00 price objective for the company in a research report on Tuesday, September 5th. KeyCorp reaffirmed a “hold” rating on shares of Liberty Property Trust in a research report on Tuesday, October 24th. Stifel Nicolaus upped their price objective on shares of Liberty Property Trust from $44.00 to $46.00 and gave the company a “buy” rating in a research report on Wednesday, October 25th. Finally, Sandler O’Neill raised shares of Liberty Property Trust from a “sell” rating to a “hold” rating and set a $45.00 target price on the stock in a research note on Wednesday, October 25th. Six investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $44.17.

In other Liberty Property Trust news, Director David L. Lingerfelt sold 18,000 shares of the company’s stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $44.56, for a total transaction of $802,080.00. Following the sale, the director now directly owns 56,814 shares of the company’s stock, valued at $2,531,631.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.50% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in LPT. Fieldpoint Private Securities LLC bought a new stake in shares of Liberty Property Trust during the third quarter valued at approximately $100,000. Advisor Group Inc. grew its stake in shares of Liberty Property Trust by 3.9% during the second quarter. Advisor Group Inc. now owns 2,585 shares of the real estate investment trust’s stock valued at $105,000 after purchasing an additional 98 shares during the last quarter. Commonwealth Bank of Australia grew its stake in shares of Liberty Property Trust by 4.8% during 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. Spectrum Management Group Inc. bought a new stake in shares of Liberty Property Trust during the third quarter valued at approximately $168,000. Finally, Emerald Advisers Inc. PA bought a new stake in shares of Liberty Property Trust during the third quarter valued at approximately $208,000. 91.46% of the stock is currently owned by institutional investors and hedge funds.

Shares of Liberty Property Trust (NYSE LPT) traded up $0.44 on Friday, hitting $44.60. 808,300 shares of the stock were exchanged, compared to its average volume of 737,864. The firm has a market capitalization of $6,509.98, a price-to-earnings ratio of 19.03, a P/E/G ratio of 2.89 and a beta of 0.88. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.78 and a quick ratio of 1.78. Liberty Property Trust has a 1-year low of $37.21 and a 1-year high of $45.40.

Liberty Property Trust announced that its Board of Directors has authorized a stock buyback program on Monday, October 2nd that permits the company to buyback $250.00 million in outstanding shares. This buyback authorization permits the real estate investment trust to purchase shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s management 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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Earnings History and Estimates for Liberty Property Trust (NYSE:LPT)

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