News coverage about Liberty Property Trust (NYSE:LPT) has trended somewhat positive on Friday, Accern Sentiment Analysis reports. The research group scores the sentiment of press coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Liberty Property Trust earned a news impact score of 0.17 on Accern’s scale. Accern also gave headlines about the real estate investment trust an impact score of 46.8139896121728 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Shares of Liberty Property Trust (LPT) traded down $0.34 during trading on Friday, reaching $40.72. The company had a trading volume of 882,665 shares, compared to its average volume of 700,189. Liberty Property Trust has a one year low of $37.21 and a one year high of $45.40. The company has a market cap of $6,175.34, a PE ratio of 17.18, a P/E/G ratio of 2.67 and a beta of 0.89. The company has a current ratio of 1.78, a quick ratio of 1.78 and a debt-to-equity ratio of 0.93.
Liberty Property Trust (NYSE:LPT) last announced its earnings results on Tuesday, October 24th. The real estate investment trust reported $0.40 EPS for the quarter, missing the Zacks’ consensus estimate of $0.63 by ($0.23). Liberty Property Trust had a return on equity of 11.41% and a net margin of 47.78%. The company had revenue of $193.65 million during the quarter, compared to the consensus estimate of $174.65 million. During the same period in the prior year, the business posted $0.66 earnings per share. Liberty Property Trust’s revenue for the quarter was up 1.5% compared to the same quarter last year. equities research analysts anticipate that Liberty Property Trust will post 2.55 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, January 15th. Investors of record on Tuesday, January 2nd will be issued a $0.40 dividend. The ex-dividend date is Friday, December 29th. This represents a $1.60 dividend on an annualized basis and a yield of 3.93%. Liberty Property Trust’s dividend payout ratio is currently 67.51%.
Liberty Property Trust declared that its Board of Directors has approved a share buyback program 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. Shares repurchase programs are generally an indication that the company’s board believes its shares are undervalued.
A number of equities analysts have recently issued reports on the company. Zacks Investment Research downgraded Liberty Property Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, January 3rd. Morgan Stanley raised their price target on Liberty Property Trust from $43.00 to $44.00 and gave the stock an “equal weight” rating in a research note on Friday, December 15th. JPMorgan Chase & Co. downgraded Liberty Property Trust from a “neutral” rating to an “underweight” rating and set a $41.00 price target on the stock. in a research note on Friday, December 15th. KeyCorp reaffirmed a “hold” rating on shares of Liberty Property Trust in a report on Tuesday, October 24th. Finally, Stifel Nicolaus raised their target price on Liberty Property Trust from $44.00 to $46.00 and gave the stock a “buy” rating in a report on Wednesday, October 25th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $43.43.
In related news, Director David L. Lingerfelt sold 18,000 shares of the firm’s stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $44.56, for a total value of $802,080.00. Following the transaction, the director now directly owns 56,814 shares of the company’s stock, valued at approximately $2,531,631.84. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.50% of the stock is currently owned by company insiders.
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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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