Equities analysts predict that Liberty Property Trust (NYSE:LPT) will post earnings of $0.60 per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Liberty Property Trust’s earnings. The highest EPS estimate is $0.63 and the lowest is $0.58. Liberty Property Trust posted earnings per share of $0.74 in the same quarter last year, which would suggest a negative year-over-year growth rate of 18.9%. The company is expected to report its next quarterly earnings report on Tuesday, February 4th.
On average, analysts expect that Liberty Property Trust will report full-year earnings of $2.54 per share for the current year, with EPS estimates ranging from $2.51 to $2.57. For the next year, analysts anticipate that the firm will report earnings of $2.66 per share, with EPS estimates ranging from $2.63 to $2.68. Zacks’ EPS calculations are an average based on a survey of research firms that follow Liberty Property Trust.
Liberty Property Trust (NYSE:LPT) last announced its quarterly earnings data on Tuesday, October 29th. The real estate investment trust reported $0.66 EPS for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.03. The business had revenue of $163.20 million during the quarter, compared to the consensus estimate of $163.43 million. Liberty Property Trust had a return on equity of 5.79% and a net margin of 64.23%. The business’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.69 earnings per share.
A number of equities research analysts have recently commented on LPT shares. Morgan Stanley lifted their price objective on Liberty Property Trust from $49.00 to $54.00 and gave the company an “equal weight” rating in a research report on Monday, October 7th. ValuEngine downgraded Liberty Property Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Wells Fargo & Co downgraded Liberty Property Trust from an “outperform” rating to a “market perform” rating and lifted their price objective for the company from $57.00 to $59.00 in a research report on Monday, November 4th. Finally, JPMorgan Chase & Co. lifted their price objective on Liberty Property Trust from $49.00 to $53.00 and gave the company a “neutral” rating in a research report on Thursday, September 12th. Eight research analysts have rated the stock with a hold rating, The company currently has an average rating of “Hold” and an average price target of $52.00.
Shares of NYSE:LPT traded down $0.06 during midday trading on Tuesday, reaching $58.70. The company’s stock had a trading volume of 838,889 shares, compared to its average volume of 1,034,185. The firm has a market cap of $8.62 billion, a price-to-earnings ratio of 26.68, a price-to-earnings-growth ratio of 3.81 and a beta of 0.76. The company has a quick ratio of 2.27, a current ratio of 7.33 and a debt-to-equity ratio of 0.78. Liberty Property Trust has a 1 year low of $40.15 and a 1 year high of $59.97. The business has a 50 day moving average price of $52.81 and a 200 day moving average price of $50.96.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 1st were given a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.79%. The ex-dividend date was Monday, September 30th. Liberty Property Trust’s dividend payout ratio is currently 74.55%.
In other Liberty Property Trust news, CAO Mary Beth Morrissey sold 2,741 shares of the business’s stock in a transaction dated Tuesday, October 1st. The stock was 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 of the company’s stock, valued at $2,591,654.34. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.40% of the stock is currently owned by insiders.
A number of hedge funds have recently bought and sold shares of LPT. JPMorgan Chase & Co. grew its position in Liberty Property Trust by 109.1% during the second quarter. JPMorgan Chase & Co. now owns 5,143,315 shares of the real estate investment trust’s stock valued at $256,701,000 after acquiring an additional 2,683,796 shares during the period. Nuveen Asset Management LLC grew its position in Liberty Property Trust by 295.5% during the second quarter. Nuveen Asset Management LLC now owns 1,584,673 shares of the real estate investment trust’s stock valued at $79,297,000 after acquiring an additional 1,184,017 shares during the period. Zimmer Partners LP grew its position in Liberty Property Trust by 43.5% during the second quarter. Zimmer Partners LP now owns 3,587,500 shares of the real estate investment trust’s stock valued at $179,519,000 after acquiring an additional 1,087,500 shares during the period. Long Pond Capital LP acquired a new position in shares of Liberty Property Trust during the second quarter worth about $37,154,000. Finally, Centersquare Investment Management LLC lifted its stake in shares of Liberty Property Trust by 35.9% during the second quarter. Centersquare Investment Management LLC now owns 2,062,700 shares of the real estate investment trust’s stock worth $103,218,000 after purchasing an additional 544,384 shares in the last quarter. 92.77% of the stock is owned by hedge funds and other institutional investors.
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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