Equities analysts predict that Liberty Property Trust (NYSE:LPT) will announce $0.63 earnings per share for the current quarter, Zacks reports. Three analysts have issued estimates for Liberty Property Trust’s earnings, with estimates ranging from $0.60 to $0.64. Liberty Property Trust posted earnings of $0.66 per share in the same quarter last year, which suggests a negative year over year growth rate of 4.5%. The company is scheduled to issue its next quarterly earnings results on Tuesday, October 24th.
On average, analysts expect that Liberty Property Trust will report full year earnings of $2.50 per share for the current year, with EPS estimates ranging from $2.46 to $2.53. For the next financial year, analysts anticipate that the business will post earnings of $2.63 per share, with EPS estimates ranging from $2.57 to $2.65. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side analysts that that provide coverage for Liberty Property Trust.
Liberty Property Trust (NYSE:LPT) last announced its earnings results on Tuesday, July 25th. The real estate investment trust reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.03. Liberty Property Trust had a return on equity of 11.37% and a net margin of 47.24%. The firm had revenue of $183.13 million during the quarter, compared to analyst estimates of $175.60 million. During the same period last year, the firm posted $0.68 EPS. The business’s revenue was down 1.9% compared to the same quarter last year.
A number of analysts have commented on LPT shares. BidaskClub cut Liberty Property Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, June 21st. Stifel Nicolaus reiterated a “buy” rating and set a $44.00 target price on shares of Liberty Property Trust in a research report on Thursday, July 6th. Finally, Zacks Investment Research upgraded Liberty Property Trust from a “hold” rating to a “buy” rating and set a $46.00 target price for the company in a research report on Wednesday, June 28th. One analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $42.33.
Shares of Liberty Property Trust (LPT) traded up 0.93% during midday trading on Thursday, reaching $42.41. The company had a trading volume of 320,840 shares. Liberty Property Trust has a 1-year low of $36.22 and a 1-year high of $42.80. The company’s 50-day moving average is $41.49 and its 200-day moving average is $40.25. The stock has a market capitalization of $6.24 billion, a PE ratio of 18.05 and a beta of 0.88.
The firm also recently declared a quarterly dividend, which was paid on Saturday, July 15th. Stockholders of record on Monday, July 3rd were issued a $0.40 dividend. The ex-dividend date was Thursday, June 29th. This represents a $1.60 annualized dividend and a dividend yield of 3.77%. Liberty Property Trust’s payout ratio is 68.38%.
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Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Profund Advisors LLC increased its position in Liberty Property Trust by 2.8% in the first quarter. Profund Advisors LLC now owns 24,685 shares of the real estate investment trust’s stock valued at $952,000 after buying an additional 681 shares during the last quarter. Bank of Montreal Can increased its position in shares of Liberty Property Trust by 407.4% in the first quarter. Bank of Montreal Can now owns 1,082,608 shares of the real estate investment trust’s stock worth $41,734,000 after buying an additional 869,239 shares in the last quarter. State Treasurer State of Michigan increased its position in shares of Liberty Property Trust by 1.7% in the second quarter. State Treasurer State of Michigan now owns 60,700 shares of the real estate investment trust’s stock worth $2,471,000 after buying an additional 1,000 shares in the last quarter. Pensionfund Sabic increased its position in shares of Liberty Property Trust by 7.7% in the first quarter. Pensionfund Sabic now owns 27,984 shares of the real estate investment trust’s stock worth $1,079,000 after buying an additional 2,000 shares in the last quarter. Finally, First Citizens Bank & Trust Co. increased its position in shares of Liberty Property Trust by 14.0% in the first quarter. First Citizens Bank & Trust Co. now owns 10,831 shares of the real estate investment trust’s stock worth $418,000 after buying an additional 1,327 shares in the last quarter. Institutional investors own 91.36% of the company’s stock.
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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