Liberty Property Trust (NYSE:LPT) Forecasted to Earn Q3 2019 Earnings of $0.64 Per Share

Liberty Property Trust (NYSE:LPT) – Investment analysts at SunTrust Banks dropped their Q3 2019 earnings per share estimates for Liberty Property Trust in a report issued on Thursday, October 17th. SunTrust Banks analyst K. Kim now anticipates that the real estate investment trust will post earnings of $0.64 per share for the quarter, down from their prior estimate of $0.65. SunTrust Banks also issued estimates for Liberty Property Trust’s Q4 2019 earnings at $0.58 EPS and FY2019 earnings at $2.52 EPS.

Other equities research analysts have also issued research reports about the stock. ValuEngine lowered shares of Liberty Property Trust from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Wells Fargo & Co raised their target price on shares of Liberty Property Trust from $55.00 to $57.00 and gave the stock an “outperform” rating in a report on Wednesday, August 21st. Morgan Stanley lifted their price objective on shares of Liberty Property Trust from $49.00 to $54.00 and gave the company an “equal weight” rating in a report on Monday, October 7th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Liberty Property Trust from $49.00 to $53.00 and gave the company a “neutral” rating in a report on Thursday, September 12th. Seven analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Liberty Property Trust presently has a consensus rating of “Hold” and an average price target of $51.67.

Liberty Property Trust stock opened at $50.29 on Monday. The firm has a 50-day moving average price of $51.07 and a 200-day moving average price of $50.34. The firm has a market capitalization of $7.53 billion, a PE ratio of 22.86, a price-to-earnings-growth ratio of 3.34 and a beta of 0.75. The company has a current ratio of 2.27, a quick ratio of 2.27 and a debt-to-equity ratio of 0.91. Liberty Property Trust has a 12-month low of $39.86 and a 12-month high of $53.39.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. FMR LLC boosted its position in shares of Liberty Property Trust by 12.3% during the 1st quarter. FMR LLC now owns 1,008,455 shares of the real estate investment trust’s stock worth $48,829,000 after purchasing an additional 110,606 shares in the last quarter. Eii Capital Management Inc. boosted its position in shares of Liberty Property Trust by 9.5% during the 2nd quarter. Eii Capital Management Inc. now owns 22,065 shares of the real estate investment trust’s stock worth $1,104,000 after purchasing an additional 1,919 shares in the last quarter. Retirement Systems of Alabama boosted its position in shares of Liberty Property Trust by 8.5% during the 2nd quarter. Retirement Systems of Alabama now owns 407,065 shares of the real estate investment trust’s stock worth $20,370,000 after purchasing an additional 31,767 shares in the last quarter. Exane Derivatives bought a new position in shares of Liberty Property Trust during the 2nd quarter worth about $207,000. Finally, Nisa Investment Advisors LLC boosted its position in shares of Liberty Property Trust by 3.3% during the 2nd quarter. Nisa Investment Advisors LLC now owns 77,916 shares of the real estate investment trust’s stock worth $3,899,000 after purchasing an additional 2,453 shares in the last quarter. Institutional investors own 92.88% of the company’s stock.

In related news, CAO Mary Beth Morrissey sold 2,741 shares of Liberty Property Trust stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $51.26, for a total transaction of $140,503.66. Following the completion of the sale, the chief accounting officer now owns 50,559 shares in the company, valued at approximately $2,591,654.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.40% of the company’s stock.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Tuesday, October 1st were issued a dividend of $0.41 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $1.64 dividend on an annualized basis and a yield of 3.26%. Liberty Property Trust’s payout ratio is 74.55%.

About Liberty Property Trust

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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Earnings History and Estimates for Liberty Property Trust (NYSE:LPT)

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