Brokerages expect that Liberty Property Trust (NYSE:LPT) will post earnings of $0.63 per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Liberty Property Trust’s earnings, with the lowest EPS estimate coming in at $0.61 and the highest estimate coming in at $0.65. Liberty Property Trust posted earnings of $0.60 per share during the same quarter last year, which would indicate a positive year over year growth rate of 5%. The firm is expected to issue its next earnings report before the market opens on Tuesday, April 24th.
On average, analysts expect that Liberty Property Trust will report full year earnings of $2.59 per share for the current fiscal year, with EPS estimates ranging from $2.56 to $2.63. For the next year, analysts anticipate that the firm will post earnings of $2.70 per share, with EPS estimates ranging from $2.62 to $2.74. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that cover Liberty Property Trust.
Liberty Property Trust (NYSE:LPT) last posted its earnings results on Tuesday, February 6th. The real estate investment trust reported $0.68 EPS for the quarter, topping the Zacks’ consensus estimate of $0.65 by $0.03. Liberty Property Trust had a return on equity of 8.59% and a net margin of 37.90%. The business had revenue of $192.80 million for the quarter, compared to analysts’ expectations of $173.02 million. During the same quarter in the previous year, the firm earned $0.41 earnings per share.
A number of analysts have recently commented on LPT shares. SunTrust Banks set a $43.00 target price on Liberty Property Trust and gave the stock a “buy” rating in a research report on Friday, March 2nd. Stifel Nicolaus reiterated a “buy” rating and set a $44.00 target price on shares of Liberty Property Trust in a research report on Wednesday, February 7th. Zacks Investment Research lowered Liberty Property Trust from a “hold” rating to a “sell” rating in a report on Wednesday, January 3rd. JPMorgan Chase lowered Liberty Property Trust from a “neutral” rating to an “underweight” rating and set a $41.00 price target on the stock. in a report on Friday, December 15th. Finally, 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 report on Friday, December 15th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the stock. Liberty Property Trust presently has a consensus rating of “Hold” and a consensus price target of $44.17.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Xact Kapitalforvaltning AB grew its holdings in shares of Liberty Property Trust by 2.2% during the fourth quarter. Xact Kapitalforvaltning AB now owns 81,659 shares of the real estate investment trust’s stock worth $3,512,000 after buying an additional 1,754 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its holdings in shares of Liberty Property Trust by 17.5% during the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 97,799 shares of the real estate investment trust’s stock worth $4,206,000 after buying an additional 14,596 shares during the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. grew its holdings in shares of Liberty Property Trust by 58.3% during the fourth quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 7,600 shares of the real estate investment trust’s stock worth $327,000 after buying an additional 2,800 shares during the last quarter. WealthPLAN Partners LLC purchased a new position in shares of Liberty Property Trust during the fourth quarter worth about $202,000. Finally, Sterling Capital Management LLC grew its holdings in shares of Liberty Property Trust by 50.0% during the fourth quarter. Sterling Capital Management LLC now owns 110,137 shares of the real estate investment trust’s stock worth $4,737,000 after buying an additional 36,700 shares during the last quarter. 93.12% of the stock is currently owned by hedge funds and other institutional investors.
Shares of LPT traded up $0.21 during midday trading on Wednesday, reaching $39.45. 702,397 shares of the stock were exchanged, compared to its average volume of 1,009,277. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.50 and a current ratio of 1.50. Liberty Property Trust has a twelve month low of $37.77 and a twelve month high of $45.40. The stock has a market capitalization of $5,765.72, a P/E ratio of 15.23, a price-to-earnings-growth ratio of 2.52 and a beta of 0.74.
The business also recently declared a quarterly dividend, which will be paid on Sunday, April 15th. Investors of record on Monday, April 2nd will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.06%. The ex-dividend date is Thursday, March 29th. Liberty Property Trust’s dividend payout ratio is currently 61.78%.
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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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