Shares of Liberty Property Trust (NYSE:LPT) reached a new 52-week high during trading on Thursday . The company traded as high as $62.74 and last traded at $62.68, with a volume of 61956 shares. The stock had previously closed at $62.19.
A number of analysts recently commented on the stock. Morgan Stanley boosted their price objective on shares of Liberty Property Trust from $49.00 to $54.00 and gave the stock an “equal weight” rating in a report on Monday, October 7th. Zacks Investment Research raised shares of Liberty Property Trust from a “sell” rating to a “hold” rating and set a $66.00 price objective on the stock in a report on Thursday, November 28th. ValuEngine downgraded shares of Liberty Property Trust from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Finally, Wells Fargo & Co downgraded shares of Liberty Property Trust from an “outperform” rating to a “market perform” rating and upped their price target for the company from $57.00 to $59.00 in a report on Monday, November 4th. Six research analysts have rated the stock with a hold rating, The stock currently has a consensus rating of “Hold” and a consensus price target of $56.20.
The company has a market cap of $9.62 billion, a PE ratio of 28.39, a P/E/G ratio of 3.82 and a beta of 0.77. The company has a quick ratio of 7.33, a current ratio of 7.33 and a debt-to-equity ratio of 0.78. The firm’s fifty day simple moving average is $60.44 and its 200-day simple moving average is $54.82.
Liberty Property Trust (NYSE:LPT) last announced its quarterly earnings results on Tuesday, October 29th. The real estate investment trust reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.03. Liberty Property Trust had a net margin of 64.23% and a return on equity of 5.79%. The company had revenue of $163.20 million for the quarter, compared to the consensus estimate of $163.43 million. During the same quarter in the prior year, the firm earned $0.69 earnings per share. The company’s revenue for the quarter was up 1.2% compared to the same quarter last year. On average, analysts predict that Liberty Property Trust will post 2.54 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Thursday, January 2nd were issued a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 2.62%. The ex-dividend date was Tuesday, December 31st. Liberty Property Trust’s dividend payout ratio (DPR) is presently 74.55%.
Several hedge funds and other institutional investors have recently made changes to their positions in LPT. Ropes Wealth Advisors LLC bought a new position in shares of Liberty Property Trust during the 3rd quarter valued at about $36,000. KCS Wealth Advisory bought a new stake in shares of Liberty Property Trust in the third quarter valued at $46,000. Point72 Asset Management L.P. bought a new stake in shares of Liberty Property Trust in the second quarter valued at $100,000. Assetmark Inc. raised its stake in shares of Liberty Property Trust by 27.5% in the second quarter. Assetmark Inc. now owns 3,912 shares of the real estate investment trust’s stock valued at $196,000 after buying an additional 844 shares during the period. Finally, Pennsylvania Trust Co bought a new stake in shares of Liberty Property Trust in the fourth quarter valued at $236,000. 91.54% of the stock is currently owned by institutional investors.
About Liberty Property Trust (NYSE:LPT)
Liberty Property Trust is a leader in commercial real estate, serving customers in the United States and United Kingdom, through the development, acquisition, ownership and management of superior logistics, warehouse, manufacturing, and R&D facilities in key markets. Liberty's 108 million square foot operating portfolio provides productive work environments to 1,200 tenants.
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