Shares of Liberty Property Trust (NYSE:LPT) have earned a consensus recommendation of “Hold” from the eleven ratings firms that are covering the stock. One analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $40.60.
LPT has been the topic of several research reports. Capital One Financial Corp. downgraded shares of Liberty Property Trust from an “overweight” rating to an “equal weight” rating and set a $40.00 price objective on the stock. in a report on Monday, February 13th. Wells Fargo & Co upgraded shares of Liberty Property Trust from a “market perform” rating to an “outperform” rating in a report on Tuesday, December 13th. BMO Capital Markets reiterated a “hold” rating and issued a $40.00 price objective on shares of Liberty Property Trust in a report on Wednesday, March 22nd. Mitsubishi UFJ Financial Group reiterated an “overweight” rating on shares of Liberty Property Trust in a report on Thursday. Finally, Zacks Investment Research upgraded shares of Liberty Property Trust from a “sell” rating to a “hold” rating in a report on Monday, January 9th.
In related news, Director Fredric J. Tomczyk acquired 5,000 shares of the firm’s stock in a transaction on Monday, March 27th. The shares were purchased at an average cost of $38.85 per share, for a total transaction of $194,250.00. Following the completion of the acquisition, the director now directly owns 12,583 shares in the company, valued at $488,849.55. The purchase was disclosed in a filing with the SEC, which is available at this link. 1.40% of the stock is owned by insiders.
Several institutional investors have recently added to or reduced their stakes in LPT. Catalyst Capital Advisors LLC acquired a new position in Liberty Property Trust during the third quarter valued at approximately $101,000. Bronfman E.L. Rothschild L.P. increased its position in Liberty Property Trust by 54.7% in the third quarter. Bronfman E.L. Rothschild L.P. now owns 3,031 shares of the real estate investment trust’s stock valued at $122,000 after buying an additional 1,072 shares during the period. Capital Guardian Trust Co. acquired a new position in Liberty Property Trust during the fourth quarter valued at approximately $138,000. Envestnet Asset Management Inc. increased its position in Liberty Property Trust by 11.9% in the fourth quarter. Envestnet Asset Management Inc. now owns 4,588 shares of the real estate investment trust’s stock valued at $183,000 after buying an additional 487 shares during the period. Finally, DekaBank Deutsche Girozentrale increased its position in Liberty Property Trust by 18.6% in the third quarter. DekaBank Deutsche Girozentrale now owns 4,709 shares of the real estate investment trust’s stock valued at $191,000 after buying an additional 737 shares during the period. Institutional investors and hedge funds own 97.52% of the company’s stock.
Liberty Property Trust (NYSE:LPT) opened at 38.55 on Monday. Liberty Property Trust has a one year low of $32.89 and a one year high of $42.26. The company’s 50-day moving average is $38.72 and its 200 day moving average is $39.23. The company has a market capitalization of $5.67 billion, a P/E ratio of 15.86 and a beta of 0.89.
Liberty Property Trust (NYSE:LPT) last released its quarterly earnings data on Tuesday, February 7th. The real estate investment trust reported $0.41 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.41. Liberty Property Trust had a net margin of 47.78% and a return on equity of 12.02%. The firm had revenue of $179.10 million for the quarter, compared to the consensus estimate of $181.74 million. During the same period in the previous year, the company earned $0.65 earnings per share. The company’s quarterly revenue was down 10.2% on a year-over-year basis. Analysts predict that Liberty Property Trust will post $1.11 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Saturday, April 15th. Shareholders of record on Friday, March 31st will be issued a $0.40 dividend. The ex-dividend date is Wednesday, March 29th. This represents a $1.60 annualized dividend and a dividend yield of 4.15%. Liberty Property Trust’s dividend payout ratio is currently 78.19%.
Liberty Property Trust Company Profile
Liberty Property Trust is a real estate investment trust. The Company’s operations are primarily conducted by its subsidiary, Liberty Property Limited Partnership. Its segments include Carolinas; Chicago/Milwaukee; Houston, Lehigh/Central PA; Minnesota; Orlando; Philadelphia; Richmond/Hampton Roads; Southeastern PA; South Florida; Tampa; United Kingdom, and Other, which includes Arizona, Atlanta, Cincinnati/Columbus/Indianapolis, Dallas, Maryland, New Jersey, Northern Virginia, Southern California, Washington DC and other segments.