Media headlines about Liberty Property Trust (NYSE:LPT) have trended somewhat positive recently, according to Accern Sentiment. The research firm identifies positive and negative press coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Liberty Property Trust earned a daily sentiment score of 0.14 on Accern’s scale. Accern also assigned headlines about the real estate investment trust an impact score of 46.858259274096 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the headlines that may have impacted Accern Sentiment Analysis’s analysis:
- Stock Buyback Plan Authorized by Liberty Property Trust (LPT) (americanbankingnews.com)
- Liberty Property Trust Announces Board Authorization for Renewal of $250 Million Share Repurchase Program (globenewswire.com)
- Liberty Property Trust Announces Board Authorization for Renewal of $250 Million Share Repurchase Program (finance.yahoo.com)
- BRIEF-Liberty Property Trust announces board authorization for renewal of $250 million share repurchase program (feeds.reuters.com)
- Daily Technical Summary Reports on REIT Stocks — Hudson Pacific Properties, Liberty Property Trust, New York REIT, and Parkway (bizjournals.com)
Several analysts recently commented on LPT shares. Zacks Investment Research cut shares of Liberty Property Trust from a “buy” rating to a “hold” rating in a research note on Monday, September 4th. Stifel Nicolaus reiterated a “buy” rating and issued a $44.00 price objective on shares of Liberty Property Trust in a research note on Thursday, July 6th. BidaskClub downgraded shares of Liberty Property Trust from a “buy” rating to a “hold” rating in a report on Wednesday, June 21st. Finally, KeyCorp restated a “hold” rating on shares of Liberty Property Trust in a report on Friday, August 25th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $43.60.
Liberty Property Trust (NYSE LPT) opened at 41.64 on Friday. Liberty Property Trust has a 12-month low of $36.22 and a 12-month high of $43.70. The firm’s 50-day moving average is $42.11 and its 200 day moving average is $41.23. The stock has a market capitalization of $6.13 billion, a P/E ratio of 17.81 and a beta of 0.88.
Liberty Property Trust (NYSE:LPT) last issued its quarterly earnings results on Tuesday, July 25th. The real estate investment trust reported $0.65 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.62 by $0.03. Liberty Property Trust had a net margin of 47.24% and a return on equity of 11.37%. The company had revenue of $183.13 million during the quarter, compared to the consensus estimate of $175.60 million. During the same period in the prior year, the company earned $0.68 EPS. Liberty Property Trust’s revenue was down 1.9% on a year-over-year basis. Equities research analysts anticipate that Liberty Property Trust will post $1.23 earnings per share for the current year.
Liberty Property Trust announced that its Board of Directors has authorized a share buyback plan on Monday, October 2nd that allows the company to repurchase $250.00 million in shares. This repurchase authorization allows the real estate investment trust to repurchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s management believes its shares are undervalued.
The firm also recently declared a quarterly dividend, which will be paid on Sunday, October 15th. Shareholders of record on Monday, October 2nd will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 3.84%. The ex-dividend date is Friday, September 29th. Liberty Property Trust’s payout ratio is 68.38%.
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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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