Analysts Anticipate Liberty Property Trust (NYSE:LPT) to Announce $0.60 EPS

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.

Featured Article: What are momentum indicators and what do they show?

Get a free copy of the Zacks research report on Liberty Property Trust (LPT)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Liberty Property Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Liberty Property Trust and related companies with MarketBeat.com's FREE daily email newsletter.