News articles about Liberty Property Trust (NYSE:LPT) have been trending somewhat positive on Sunday, according to Accern Sentiment Analysis. The research group ranks the sentiment of press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Liberty Property Trust earned a coverage optimism score of 0.18 on Accern’s scale. Accern also assigned news headlines about the real estate investment trust an impact score of 46.7932509630629 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Several analysts recently issued reports on LPT shares. Stifel Nicolaus boosted their price target on Liberty Property Trust from $44.00 to $46.00 and gave the company a “buy” rating in a research note on Wednesday, October 25th. ValuEngine raised Liberty Property Trust from a “hold” rating to a “buy” rating in a report on Friday, November 10th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $43.00 price objective on shares of Liberty Property Trust in a report on Thursday, December 14th. Sandler O’Neill raised Liberty Property Trust from a “sell” rating to a “hold” rating and set a $45.00 price objective for the company in a report on Wednesday, October 25th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Liberty Property Trust in a report on Tuesday, October 24th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $43.43.
Shares of Liberty Property Trust (NYSE LPT) traded down $0.33 on Friday, reaching $40.72. The company’s stock had a trading volume of 882,665 shares, compared to its average volume of 625,083. Liberty Property Trust has a fifty-two week low of $37.21 and a fifty-two week high of $45.40. The company has a current ratio of 1.78, a quick ratio of 1.78 and a debt-to-equity ratio of 0.93. The firm has a market cap of $6,002.86, a PE ratio of 17.55, a PEG ratio of 2.60 and a beta of 0.89.
Liberty Property Trust (NYSE:LPT) last issued its earnings results on Tuesday, October 24th. The real estate investment trust reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.23). Liberty Property Trust had a return on equity of 11.41% and a net margin of 47.78%. The firm had revenue of $193.65 million during the quarter, compared to analyst estimates of $174.65 million. During the same period in the previous year, the company earned $0.66 EPS. Liberty Property Trust’s revenue for the quarter was up 1.5% on a year-over-year basis. equities analysts forecast that Liberty Property Trust will post 2.55 earnings per share for the current fiscal year.
Liberty Property Trust announced that its board has approved a share repurchase plan on Monday, October 2nd that authorizes the company to repurchase $250.00 million in outstanding shares. This repurchase authorization authorizes the real estate investment trust to buy shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its stock is undervalued.
The business also recently declared a quarterly dividend, which will be paid on Monday, January 15th. Shareholders of record on Tuesday, January 2nd will be given a $0.40 dividend. The ex-dividend date of this dividend is Friday, December 29th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.93%. Liberty Property Trust’s dividend payout ratio (DPR) is presently 67.51%.
In other Liberty Property Trust news, Director David L. Lingerfelt sold 18,000 shares of the company’s stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $44.56, for a total value of $802,080.00. Following the sale, the director now owns 56,814 shares in the company, valued at approximately $2,531,631.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 1.50% of the company’s stock.
Liberty Property Trust Company Profile
Liberty Property Trust (the Trust) is a self-administered and self-managed Maryland real estate investment trust (REIT). The Trust’s assets are owned directly or indirectly, and substantially all of the Trust’s operations are conducted directly or indirectly, by its subsidiary, Liberty Property Limited Partnership (the Operating Partnership).
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