Liberty Property Trust (NYSE:LPT) released its quarterly earnings results on Tuesday. The real estate investment trust reported $0.68 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.65 by $0.03, Briefing.com reports. Liberty Property Trust had a return on equity of 11.41% and a net margin of 47.78%. During the same period last year, the business posted $0.41 earnings per share. Liberty Property Trust updated its FY18 guidance to $2.53-2.65 EPS.
Shares of Liberty Property Trust (NYSE LPT) traded up $0.47 during mid-day trading on Tuesday, reaching $39.40. The company’s stock had a trading volume of 571,482 shares, compared to its average volume of 763,198. The stock has a market capitalization of $5,967.48, a P/E ratio of 16.43, a P/E/G ratio of 2.58 and a beta of 0.76. 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.
The firm also recently declared a quarterly dividend, which was paid on Monday, January 15th. Shareholders of record on Tuesday, January 2nd were given a dividend of $0.40 per share. The ex-dividend date was Friday, December 29th. This represents a $1.60 dividend on an annualized basis and a yield of 4.06%. Liberty Property Trust’s dividend payout ratio is currently 67.51%.
In other Liberty Property Trust news, Director David L. Lingerfelt sold 18,000 shares of the stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $44.56, for a total transaction of $802,080.00. Following the transaction, the director now owns 56,814 shares in the company, valued at $2,531,631.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.50% of the company’s stock.
Institutional investors have recently made changes to their positions in the business. Fieldpoint Private Securities LLC acquired a new position in shares of Liberty Property Trust during the third quarter valued at approximately $100,000. Advisor Group Inc. raised its holdings 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 acquiring an additional 98 shares during the last quarter. Spectrum Management Group Inc. acquired a new position in shares of Liberty Property Trust during the third quarter valued at approximately $168,000. Emerald Advisers Inc. PA acquired a new position in shares of Liberty Property Trust during the third quarter valued at approximately $208,000. Finally, Virtu KCG Holdings LLC acquired a new position in shares of Liberty Property Trust during the second quarter valued at approximately $212,000. 91.63% of the stock is owned by institutional investors and hedge funds.
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Liberty Property Trust Company Profile
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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