Equities research analysts expect that Liberty Property Trust (NYSE:LPT) will announce earnings per share of $0.60 for the current fiscal quarter, Zacks reports. Three analysts have made estimates for Liberty Property Trust’s earnings, with the highest EPS estimate coming in at $0.63 and the lowest estimate coming in at $0.58. Liberty Property Trust reported earnings per share of $0.74 during the same quarter last year, which indicates a negative year-over-year growth rate of 18.9%. The firm is expected to report its next earnings report on Tuesday, February 4th.
On average, analysts expect that Liberty Property Trust will report full year earnings of $2.54 per share for the current fiscal year, with EPS estimates ranging from $2.51 to $2.57. For the next financial year, analysts forecast that the firm will post earnings of $2.66 per share, with EPS estimates ranging from $2.63 to $2.68. Zacks’ EPS averages are an average based on a survey of analysts that cover Liberty Property Trust.
Liberty Property Trust (NYSE:LPT) last posted its quarterly earnings results on Tuesday, October 29th. The real estate investment trust reported $0.66 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.03. The business had revenue of $163.20 million during the quarter, compared to analysts’ expectations of $163.43 million. Liberty Property Trust had a net margin of 64.23% and a return on equity of 5.79%. The business’s quarterly revenue was up 1.2% on a year-over-year basis. During the same period last year, the company posted $0.69 earnings per share.
LPT has been the subject of a number of research reports. Wells Fargo & Co cut shares of Liberty Property Trust from an “outperform” rating to a “market perform” rating and raised their price target for the stock from $57.00 to $59.00 in a report on Monday, November 4th. ValuEngine cut shares of Liberty Property Trust from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Morgan Stanley raised their price target on shares of Liberty Property Trust from $49.00 to $54.00 and gave the stock an “equal weight” rating in a report on Monday, October 7th. Finally, JPMorgan Chase & Co. raised their price target on shares of Liberty Property Trust from $49.00 to $53.00 and gave the stock a “neutral” rating in a report on Thursday, September 12th. Eight research analysts have rated the stock with a hold rating, The stock currently has an average rating of “Hold” and an average target price of $52.00.
In other news, CAO Mary Beth Morrissey sold 2,741 shares of Liberty Property Trust stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $51.26, for a total transaction of $140,503.66. Following the completion of the transaction, the chief accounting officer now directly owns 50,559 shares in the company, valued at $2,591,654.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.40% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently modified their holdings of LPT. 6 Meridian boosted its position in Liberty Property Trust by 1.9% in the second quarter. 6 Meridian now owns 10,987 shares of the real estate investment trust’s stock valued at $550,000 after buying an additional 209 shares during the last quarter. Independent Advisor Alliance raised its stake in Liberty Property Trust by 4.6% during the 2nd quarter. Independent Advisor Alliance now owns 5,012 shares of the real estate investment trust’s stock worth $251,000 after acquiring an additional 222 shares during the period. Oakbrook Investments LLC raised its stake in Liberty Property Trust by 3.6% during the 3rd quarter. Oakbrook Investments LLC now owns 8,550 shares of the real estate investment trust’s stock worth $439,000 after acquiring an additional 300 shares during the period. Natixis Advisors L.P. raised its stake in Liberty Property Trust by 1.3% during the 2nd quarter. Natixis Advisors L.P. now owns 23,478 shares of the real estate investment trust’s stock worth $1,175,000 after acquiring an additional 302 shares during the period. Finally, Municipal Employees Retirement System of Michigan raised its stake in Liberty Property Trust by 1.5% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 27,350 shares of the real estate investment trust’s stock worth $1,369,000 after acquiring an additional 400 shares during the period. Hedge funds and other institutional investors own 92.77% of the company’s stock.
NYSE:LPT traded down $0.06 during trading hours on Tuesday, reaching $58.70. The company had a trading volume of 838,889 shares, compared to its average volume of 1,034,185. The company has a quick ratio of 2.27, a current ratio of 7.33 and a debt-to-equity ratio of 0.78. The firm has a market cap of $8.62 billion, a price-to-earnings ratio of 26.68, a P/E/G ratio of 3.81 and a beta of 0.76. The business’s 50-day simple moving average is $52.81 and its two-hundred day simple moving average is $50.96. Liberty Property Trust has a twelve month low of $40.15 and a twelve month high of $59.97.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 1st were issued a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.79%. The ex-dividend date of this dividend was Monday, September 30th. Liberty Property Trust’s dividend payout ratio is currently 74.55%.
Liberty Property Trust Company Profile
Liberty Property Trust 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 logistics, warehouse, manufacturing, and R&D facilities in key markets. Liberty's 108 million square foot operating portfolio provides productive work environments to 1,200 tenants.
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