Liberty Property Trust (LPT) Expected to Post Quarterly Sales of $167.90 Million

Equities analysts expect Liberty Property Trust (NYSE:LPT) to post sales of $167.90 million for the current quarter, according to Zacks. Three analysts have issued estimates for Liberty Property Trust’s earnings. The lowest sales estimate is $164.93 million and the highest is $172.30 million. Liberty Property Trust posted sales of $190.86 million during the same quarter last year, which suggests a negative year-over-year growth rate of 12%. The business is expected to announce its next earnings results before the market opens on Tuesday, October 24th.

On average, analysts expect that Liberty Property Trust will report full-year sales of $167.90 million for the current fiscal year, with estimates ranging from $662.94 million to $713.00 million. For the next year, analysts forecast that the firm will report sales of $719.73 million per share, with estimates ranging from $683.96 million to $760.00 million. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover Liberty Property Trust.

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 (EPS) for the quarter, topping the Zacks’ 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 company earned $0.68 EPS. Liberty Property Trust’s quarterly revenue was down 1.9% compared to the same quarter last year.

A number of research analysts recently commented on LPT shares. Zacks Investment Research upgraded Liberty Property Trust from a “hold” rating to a “buy” rating and set a $47.00 price objective on the stock in a report on Wednesday, August 16th. Stifel Nicolaus restated a “buy” rating and set a $44.00 price target on shares of Liberty Property Trust in a research note on Thursday, July 6th. KeyCorp restated a “hold” rating on shares of Liberty Property Trust in a research note on Friday, August 25th. Finally, BidaskClub cut Liberty Property Trust from a “buy” rating to a “hold” rating in a research note on Wednesday, June 21st. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $43.60.

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Several hedge funds and other institutional investors have recently made changes to their positions in the company. Eqis Capital Management Inc. raised its stake in shares of Liberty Property Trust by 25.9% in the third quarter. Eqis Capital Management Inc. now owns 10,297 shares of the real estate investment trust’s stock valued at $423,000 after acquiring an additional 2,117 shares in the last quarter. Achmea Investment Management B.V. raised its stake in shares of Liberty Property Trust by 6.1% in the second quarter. Achmea Investment Management B.V. now owns 49,592 shares of the real estate investment trust’s stock valued at $2,016,000 after acquiring an additional 2,860 shares in the last quarter. Dynamic Technology Lab Private Ltd raised its stake in shares of Liberty Property Trust by 31.8% in the second quarter. Dynamic Technology Lab Private Ltd now owns 9,486 shares of the real estate investment trust’s stock valued at $386,000 after acquiring an additional 2,286 shares in the last quarter. Ameritas Investment Partners Inc. raised its stake in shares of Liberty Property Trust by 0.8% in the second quarter. Ameritas Investment Partners Inc. now owns 86,453 shares of the real estate investment trust’s stock valued at $3,519,000 after acquiring an additional 722 shares in the last quarter. Finally, Americafirst Capital Management LLC acquired a new stake in shares of Liberty Property Trust in the second quarter valued at $486,000. Institutional investors and hedge funds own 91.65% of the company’s stock.

Shares of Liberty Property Trust (NYSE LPT) opened at 41.74 on Wednesday. The company has a market capitalization of $6.15 billion, a price-to-earnings ratio of 17.85 and a beta of 0.88. Liberty Property Trust has a 52 week low of $36.22 and a 52 week high of $43.70. The company’s 50 day moving average price is $42.12 and its 200-day moving average price is $41.32.

The company also recently declared a quarterly dividend, which will be paid on Sunday, October 15th. Shareholders of record on Monday, October 2nd will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 3.83%. The ex-dividend date is Friday, September 29th. Liberty Property Trust’s dividend payout ratio (DPR) is 68.38%.

Liberty Property Trust announced that its Board of Directors has initiated a stock repurchase plan on Monday, October 2nd that authorizes the company to repurchase $250.00 million in outstanding shares. This repurchase authorization authorizes the real estate investment trust to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s management believes its shares are undervalued.

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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Earnings History and Estimates for Liberty Property Trust (NYSE:LPT)

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