Liberty Property Trust (NYSE:LPT) – KeyCorp dropped their FY2019 earnings per share estimates for Liberty Property Trust in a note issued to investors on Thursday, April 5th, Zacks Investment Research reports. KeyCorp analyst C. Mailman now anticipates that the real estate investment trust will post earnings per share of $2.62 for the year, down from their prior estimate of $2.64.
Liberty Property Trust (NYSE:LPT) last issued its earnings results on Tuesday, February 6th. The real estate investment trust reported $0.68 EPS for the quarter, topping the consensus estimate of $0.65 by $0.03. The firm had revenue of $192.80 million during the quarter, compared to analysts’ expectations of $173.02 million. Liberty Property Trust had a return on equity of 8.59% and a net margin of 37.90%. During the same period last year, the business earned $0.41 earnings per share.
Several other research analysts have also recently commented on LPT. Zacks Investment Research cut Liberty Property Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, January 3rd. SunTrust Banks raised Liberty Property Trust from a “hold” rating to a “buy” rating in a research report on Monday, January 22nd. Finally, Stifel Nicolaus reissued a “buy” rating and set a $44.00 price objective on shares of Liberty Property Trust in a report on Wednesday, February 7th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company’s stock. Liberty Property Trust currently has an average rating of “Hold” and an average price target of $44.17.
Shares of LPT stock opened at $40.41 on Monday. The firm has a market capitalization of $5,868.94, a P/E ratio of 15.37, a PEG ratio of 2.56 and a beta of 0.74. Liberty Property Trust has a one year low of $37.77 and a one year high of $45.40. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.50 and a quick ratio of 1.50.
The business also recently disclosed a quarterly dividend, which was paid on Sunday, April 15th. Shareholders of record on Monday, April 2nd were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Thursday, March 29th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.96%. Liberty Property Trust’s payout ratio is presently 61.78%.
Several hedge funds and other institutional investors have recently modified their holdings of LPT. Fieldpoint Private Securities LLC bought a new position in shares of Liberty Property Trust during the third quarter valued at $100,000. WealthPLAN Partners LLC bought a new position in shares of Liberty Property Trust during the fourth quarter valued at $202,000. FDx Advisors Inc. bought a new position in shares of Liberty Property Trust during the fourth quarter valued at $204,000. OppenheimerFunds Inc. bought a new position in shares of Liberty Property Trust during the fourth quarter valued at $227,000. Finally, AXA bought a new position in shares of Liberty Property Trust during the fourth quarter valued at $246,000. 93.15% of the stock is owned by institutional investors.
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Liberty Property Trust Company Profile
Liberty Property Trust (NYSE:LPT) 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 industrial and office properties. Liberty's 101 million square foot portfolio includes 561 properties which provide distribution and light manufacturing facilities to 1,200 tenants.
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