Liberty Property Trust (LPT) Downgraded to “Hold” at ValuEngine

Liberty Property Trust (NYSE:LPT) was downgraded by equities researchers at ValuEngine from a “buy” rating to a “hold” rating in a report released on Thursday.

Other analysts have also recently issued research reports about the company. Stifel Nicolaus restated a “buy” rating and set a $44.00 price objective on shares of Liberty Property Trust in a research note on Wednesday, February 7th. SunTrust Banks upgraded Liberty Property Trust from a “hold” rating to a “buy” rating in a research note on Monday, January 22nd. Two research analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $44.17.

Liberty Property Trust traded down $0.29, hitting $42.42, on Thursday, according to MarketBeat. 649,300 shares of the stock traded hands, compared to its average volume of 985,868. Liberty Property Trust has a twelve month low of $42.63 and a twelve month high of $43.02. The stock has a market capitalization of $6.32 billion, a P/E ratio of 16.38, a PEG ratio of 2.74 and a beta of 0.72. The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 0.86.

Liberty Property Trust (NYSE:LPT) last announced its quarterly earnings data on Tuesday, April 24th. The real estate investment trust reported $0.95 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.62 by $0.33. Liberty Property Trust had a return on equity of 8.55% and a net margin of 49.95%. The firm had revenue of $190.20 million for the quarter, compared to analysts’ expectations of $145.62 million. During the same quarter in the prior year, the firm posted $0.60 earnings per share. Liberty Property Trust’s revenue for the quarter was up 14.7% compared to the same quarter last year. analysts anticipate that Liberty Property Trust will post 2.6 EPS for the current year.

In other news, Director Frederick F. Buchholz sold 5,000 shares of the stock in a transaction that occurred on Thursday, April 26th. The stock was sold at an average price of $40.18, for a total transaction of $200,900.00. Following the sale, the director now directly owns 64,044 shares in the company, valued at approximately $2,573,287.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.20% of the stock is currently owned by corporate insiders.

Several institutional investors have recently made changes to their positions in the company. BlackRock Inc. raised its position in shares of Liberty Property Trust by 2.5% during the 1st quarter. BlackRock Inc. now owns 20,572,445 shares of the real estate investment trust’s stock worth $817,345,000 after purchasing an additional 502,695 shares during the period. PGGM Investments raised its position in shares of Liberty Property Trust by 16.6% during the 4th quarter. PGGM Investments now owns 3,493,330 shares of the real estate investment trust’s stock worth $150,248,000 after purchasing an additional 496,330 shares during the period. Northern Trust Corp raised its position in shares of Liberty Property Trust by 4.5% during the 1st quarter. Northern Trust Corp now owns 2,513,729 shares of the real estate investment trust’s stock worth $99,871,000 after purchasing an additional 107,599 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Liberty Property Trust by 4.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,285,592 shares of the real estate investment trust’s stock worth $90,807,000 after purchasing an additional 90,420 shares during the period. Finally, Centersquare Investment Management LLC acquired a new stake in shares of Liberty Property Trust during the 1st quarter worth approximately $70,421,000. Institutional investors and hedge funds own 91.93% of the company’s stock.

Liberty Property Trust Company Profile

Liberty Property Trust (NYSE:LPT) is a leader in commercial real estate, serving customers in the United States and United Kingdom, through the development, acquisition, ownership and management of superior industrial and office properties. Liberty's 101 million square foot operating portfolio provides productive work environments for 1,200 tenants.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Liberty Property Trust (NYSE:LPT)

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