Liberty Property Trust (NYSE:LPT) posted its earnings results on Tuesday, February 6th. The real estate investment trust reported $0.68 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.65 by $0.03, Bloomberg Earnings reports. The business had revenue of $192.80 million during the quarter, compared to the consensus estimate of $173.02 million. Liberty Property Trust had a return on equity of 8.59% and a net margin of 37.90%. During the same quarter last year, the company earned $0.41 EPS. Liberty Property Trust updated its FY18 guidance to $2.53-2.65 EPS.
Shares of Liberty Property Trust (NYSE:LPT) traded down $0.48 on Wednesday, reaching $39.17. The company’s stock had a trading volume of 208,836 shares, compared to its average volume of 968,267. The company has a current ratio of 1.50, a quick ratio of 1.78 and a debt-to-equity ratio of 0.92. Liberty Property Trust has a 52-week low of $37.21 and a 52-week high of $45.40. The company has a market cap of $5,842.17, a P/E ratio of 20.76, a price-to-earnings-growth ratio of 2.54 and a beta of 0.76.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 15th. Shareholders of record on Tuesday, January 2nd were given a $0.40 dividend. The ex-dividend date of this dividend was Friday, December 29th. This represents a $1.60 annualized dividend and a yield of 4.08%. Liberty Property Trust’s payout ratio is 83.77%.
Several equities analysts recently commented on LPT shares. Sandler O’Neill upgraded Liberty Property Trust from a “sell” rating to a “hold” rating and set a $45.00 target price for the company in a research report on Wednesday, October 25th. ValuEngine upgraded Liberty Property Trust from a “hold” rating to a “buy” rating in a research report on Friday, November 10th. 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 research report on Wednesday, October 25th. SunTrust Banks upgraded Liberty Property Trust from a “hold” rating to a “buy” rating in a research report on Monday, January 22nd. Finally, Zacks Investment Research downgraded Liberty Property Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, January 3rd. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company. Liberty Property Trust has an average rating of “Hold” and an average price target of $43.67.
In other Liberty Property Trust news, Director David L. Lingerfelt sold 18,000 shares of Liberty Property Trust 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 completion of the transaction, the director now owns 56,814 shares in the company, valued at approximately $2,531,631.84. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 1.50% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the business. Advisor Group Inc. raised its position in shares of Liberty Property Trust by 3.9% during the second quarter. Advisor Group Inc. now owns 2,585 shares of the real estate investment trust’s stock worth $105,000 after acquiring an additional 98 shares during the last quarter. Parametric Portfolio Associates LLC raised its position in shares of Liberty Property Trust by 5.3% during the second quarter. Parametric Portfolio Associates LLC now owns 166,886 shares of the real estate investment trust’s stock worth $6,794,000 after acquiring an additional 8,380 shares during the last quarter. Renaissance Technologies LLC raised its position in shares of Liberty Property Trust by 231.7% during the second quarter. Renaissance Technologies LLC now owns 571,800 shares of the real estate investment trust’s stock worth $23,278,000 after acquiring an additional 399,424 shares during the last quarter. Virtu KCG Holdings LLC bought a new stake in shares of Liberty Property Trust during the second quarter worth $212,000. Finally, OxFORD Asset Management LLP bought a new stake in shares of Liberty Property Trust during the second quarter worth $440,000. Hedge funds and other institutional investors own 91.49% 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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