Liberty Property Trust (NYSE:LPT) – Investment analysts at Capital One Financial Corp. increased their Q3 2016 EPS estimates for Liberty Property Trust in a research note issued to investors on Monday. Capital One Financial Corp. analyst T. Lesnick now expects that the firm will post earnings per share of $0.66 for the quarter, up from their previous estimate of $0.65. Capital One Financial Corp. currently has a “Overweight” rating and a $41.00 target price on the stock.
Liberty Property Trust (NYSE:LPT) last issued its quarterly earnings data on Tuesday, July 26th. The real estate investment trust reported $0.68 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.04. Liberty Property Trust had a net margin of 35.96% and a return on equity of 9.36%. The business had revenue of $186.65 million for the quarter, compared to analysts’ expectations of $191.42 million. During the same period in the previous year, the business earned $0.67 earnings per share. The company’s revenue was down 8.3% on a year-over-year basis.
LPT has been the topic of a number of other research reports. BTIG Research started coverage on Liberty Property Trust in a research note on Thursday, August 25th. They issued a “neutral” rating on the stock. Morgan Stanley started coverage on Liberty Property Trust in a research note on Tuesday, September 6th. They issued an “equal weight” rating and a $38.00 price objective on the stock. Zacks Investment Research lowered Liberty Property Trust from a “hold” rating to a “sell” rating in a research note on Wednesday. Finally, Citigroup Inc. boosted their price objective on Liberty Property Trust from $34.00 to $41.00 and gave the stock a “neutral” rating in a research note on Thursday, July 7th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the company’s stock. Liberty Property Trust currently has a consensus rating of “Hold” and an average price target of $37.57.
Shares of Liberty Property Trust (NYSE:LPT) opened at 38.59 on Thursday. The company’s 50 day moving average is $40.42 and its 200-day moving average is $38.11. Liberty Property Trust has a 52 week low of $26.94 and a 52 week high of $42.26. The company has a market capitalization of $5.66 billion, a PE ratio of 20.47 and a beta of 0.97.
The business also recently announced a quarterly dividend, which will be paid on Monday, October 17th. Shareholders of record on Monday, October 3rd will be paid a $0.475 dividend. This represents a $1.90 annualized dividend and a yield of 4.92%. The ex-dividend date of this dividend is Thursday, September 29th. Liberty Property Trust’s payout ratio is 101.06%.
A number of institutional investors have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC raised its position in Liberty Property Trust by 35.9% in the second quarter. Tower Research Capital LLC TRC now owns 2,736 shares of the real estate investment trust’s stock valued at $109,000 after buying an additional 723 shares during the last quarter. Fort Washington Investment Advisors Inc OH bought a new position in Liberty Property Trust during the second quarter valued at $207,000. Baldwin Investment Management LLC bought a new position in Liberty Property Trust during the second quarter valued at $209,000. Hancock Holding Co. bought a new position in Liberty Property Trust during the second quarter valued at $225,000. Finally, Jane Street Group LLC bought a new position in Liberty Property Trust during the second quarter valued at $233,000. 97.14% of the stock is currently owned by hedge funds and other institutional investors.
Liberty Property Trust Company Profile
Liberty Property Trust is a real estate investment trust. The Company’s operations are primarily conducted by its subsidiary, Liberty Property Limited Partnership. Its segments include Carolinas; Chicago/Milwaukee; Houston, Lehigh/Central PA; Minnesota; Orlando; Philadelphia; Richmond/Hampton Roads; Southeastern PA; South Florida; Tampa; United Kingdom, and Other, which includes Arizona, Atlanta, Cincinnati/Columbus/Indianapolis, Dallas, Maryland, New Jersey, Northern Virginia, Southern California, Washington DC and other segments.
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