News stories about Liberty Property Trust (NYSE:LPT) have trended somewhat positive on Sunday, Accern Sentiment Analysis reports. The research firm identifies positive and negative media coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Liberty Property Trust earned a media sentiment score of 0.19 on Accern’s scale. Accern also assigned headlines about the real estate investment trust an impact score of 46.1202869684541 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Several brokerages have recently issued reports on LPT. Morgan Stanley restated an “equal weight” rating and issued a $43.00 price objective on shares of Liberty Property Trust in a research note on Thursday, December 14th. ValuEngine raised Liberty Property Trust from a “hold” rating to a “buy” rating in a report on Friday, November 10th. KeyCorp reissued a “hold” rating on shares of Liberty Property Trust in a report on Tuesday, October 24th. Stifel Nicolaus lifted their price target on Liberty Property Trust from $44.00 to $46.00 and gave the company a “buy” rating in a report on Wednesday, October 25th. Finally, JPMorgan Chase & Co. cut Liberty Property Trust from a “neutral” rating to an “underweight” rating and set a $41.00 price target for the company. in a report on Friday, December 15th. Two analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company. Liberty Property Trust currently has a consensus rating of “Hold” and a consensus target price of $43.43.
Liberty Property Trust (NYSE:LPT) opened at $40.72 on Friday. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.78 and a quick ratio of 1.78. Liberty Property Trust has a 12-month low of $37.21 and a 12-month high of $45.40. The stock has a market capitalization of $6,002.86, a P/E ratio of 17.55, a P/E/G ratio of 2.60 and a beta of 0.89.
Liberty Property Trust (NYSE:LPT) last issued its quarterly earnings data on Tuesday, October 24th. The real estate investment trust reported $0.40 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.63 by ($0.23). The business had revenue of $193.65 million during the quarter, compared to analyst estimates of $174.65 million. Liberty Property Trust had a net margin of 47.78% and a return on equity of 11.41%. Liberty Property Trust’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.66 earnings per share. research analysts anticipate that Liberty Property Trust will post 2.55 earnings per share for the current fiscal year.
Liberty Property Trust announced that its Board of Directors has initiated a share repurchase program on Monday, October 2nd that authorizes the company to buyback $250.00 million in outstanding shares. This buyback authorization authorizes the real estate investment trust to reacquire shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its stock is undervalued.
The company also recently announced a quarterly dividend, which will be paid on Monday, January 15th. Shareholders of record on Tuesday, January 2nd will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 3.93%. The ex-dividend date is Friday, December 29th. Liberty Property Trust’s payout ratio is 67.51%.
In other news, Director David L. Lingerfelt sold 18,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $44.56, for a total transaction of $802,080.00. Following the sale, the director now owns 56,814 shares in the company, valued at approximately $2,531,631.84. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 1.50% of the company’s stock.
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Liberty Property Trust Company Profile
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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