Shares of Liberty Property Trust (NYSE:LPT) have been assigned an average rating of “Hold” from the eleven ratings firms that are presently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $42.83.
A number of research analysts have weighed in on LPT shares. SunTrust Banks set a $43.00 target price on Liberty Property Trust and gave the company a “buy” rating in a report on Friday, March 2nd. Zacks Investment Research lowered Liberty Property Trust from a “hold” rating to a “sell” rating in a report on Wednesday, January 3rd. Morgan Stanley lifted their target price on Liberty Property Trust from $43.00 to $44.00 and gave the company an “equal weight” rating in a report on Friday, December 15th. Stifel Nicolaus reaffirmed a “buy” rating and set a $44.00 target price on shares of Liberty Property Trust in a report on Wednesday, February 7th. Finally, JPMorgan Chase & Co. lowered Liberty Property Trust from a “neutral” rating to an “underweight” rating and set a $41.00 target price for the company. in a report on Friday, December 15th.
Several hedge funds and other institutional investors have recently modified their holdings of LPT. Pictet Asset Management Ltd. grew its holdings in shares of Liberty Property Trust by 6.6% during the third quarter. Pictet Asset Management Ltd. now owns 67,900 shares of the real estate investment trust’s stock worth $2,788,000 after purchasing an additional 4,197 shares in the last quarter. Crossmark Global Holdings Inc. purchased a new position in shares of Liberty Property Trust during the third quarter worth about $663,000. State of Wisconsin Investment Board grew its holdings in shares of Liberty Property Trust by 5.3% during the third quarter. State of Wisconsin Investment Board now owns 133,775 shares of the real estate investment trust’s stock worth $5,493,000 after purchasing an additional 6,767 shares in the last quarter. Swiss National Bank grew its holdings in shares of Liberty Property Trust by 1.0% during the third quarter. Swiss National Bank now owns 541,048 shares of the real estate investment trust’s stock worth $22,215,000 after purchasing an additional 5,500 shares in the last quarter. Finally, BNP Paribas Arbitrage SA grew its holdings in shares of Liberty Property Trust by 38.6% during the third quarter. BNP Paribas Arbitrage SA now owns 199,313 shares of the real estate investment trust’s stock worth $8,184,000 after purchasing an additional 55,534 shares in the last quarter. 93.09% of the stock is owned by institutional investors.
Shares of Liberty Property Trust (LPT) traded down $0.22 on Wednesday, reaching $39.98. The company had a trading volume of 1,150,841 shares, compared to its average volume of 982,384. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 0.92. The stock has a market cap of $5,927.92, a price-to-earnings ratio of 20.93, a P/E/G ratio of 2.59 and a beta of 0.78. Liberty Property Trust has a 52 week low of $37.53 and a 52 week high of $45.40.
Liberty Property Trust (NYSE:LPT) last posted its earnings results on Tuesday, February 6th. The real estate investment trust reported $0.68 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.65 by $0.03. The business had revenue of $192.80 million during the quarter, compared to analyst estimates 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 in the previous year, the firm earned $0.41 EPS. sell-side analysts predict that Liberty Property Trust will post 2.59 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, April 15th. Stockholders of record on Monday, April 2nd will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 4.00%. The ex-dividend date is Thursday, March 29th. Liberty Property Trust’s payout ratio is 83.77%.
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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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