Analysts expect Liberty Property Trust (NYSE:LPT) to post $167.37 million in sales for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Liberty Property Trust’s earnings. The highest sales estimate is $170.70 million and the lowest is $164.93 million. Liberty Property Trust reported sales of $190.86 million in the same quarter last year, which would suggest a negative year over year growth rate of 12.3%. The company is expected to announce its next quarterly earnings results on Tuesday, October 24th.
According to Zacks, analysts expect that Liberty Property Trust will report full-year sales of $167.37 million for the current year, with estimates ranging from $662.94 million to $713.00 million. For the next financial year, analysts anticipate that the business will post sales of $721.11 million per share, with estimates ranging from $683.96 million to $760.00 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Liberty Property Trust.
Liberty Property Trust (NYSE:LPT) last issued its quarterly earnings data on Tuesday, July 25th. The real estate investment trust reported $0.65 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.62 by $0.03. Liberty Property Trust had a net margin of 47.24% and a return on equity of 11.37%. The business had revenue of $183.13 million during the quarter, compared to analysts’ expectations of $175.60 million. During the same period last year, the company posted $0.68 EPS. The company’s revenue was down 1.9% on a year-over-year basis.
A number of analysts recently commented on LPT shares. Zacks Investment Research upgraded shares of Liberty Property Trust from a “hold” rating to a “buy” rating and set a $46.00 target price on the stock in a report on Wednesday, June 28th. BidaskClub downgraded shares of Liberty Property Trust from a “buy” rating to a “hold” rating in a report on Wednesday, June 21st. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $44.00 target price on shares of Liberty Property Trust in a report on Thursday, July 6th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $42.33.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Profund Advisors LLC increased its stake in Liberty Property Trust by 2.8% in the first quarter. Profund Advisors LLC now owns 24,685 shares of the real estate investment trust’s stock valued at $952,000 after buying an additional 681 shares in the last quarter. Bank of Montreal Can increased its stake in Liberty Property Trust by 407.4% in the first quarter. Bank of Montreal Can now owns 1,082,608 shares of the real estate investment trust’s stock valued at $41,734,000 after buying an additional 869,239 shares in the last quarter. State Treasurer State of Michigan increased its stake in Liberty Property Trust by 1.7% in the second quarter. State Treasurer State of Michigan now owns 60,700 shares of the real estate investment trust’s stock valued at $2,471,000 after buying an additional 1,000 shares in the last quarter. Pensionfund Sabic increased its stake in Liberty Property Trust by 7.7% in the first quarter. Pensionfund Sabic now owns 27,984 shares of the real estate investment trust’s stock valued at $1,079,000 after buying an additional 2,000 shares in the last quarter. Finally, First Citizens Bank & Trust Co. increased its stake in Liberty Property Trust by 14.0% in the first quarter. First Citizens Bank & Trust Co. now owns 10,831 shares of the real estate investment trust’s stock valued at $418,000 after buying an additional 1,327 shares in the last quarter. Hedge funds and other institutional investors own 91.36% of the company’s stock.
Shares of Liberty Property Trust (NYSE LPT) traded up 0.93% on Friday, hitting $42.41. 320,840 shares of the stock were exchanged. The company has a market cap of $6.24 billion, a P/E ratio of 18.05 and a beta of 0.88. Liberty Property Trust has a one year low of $36.22 and a one year high of $42.80. The firm’s 50-day moving average is $41.49 and its 200-day moving average is $40.25.
The business also recently disclosed a quarterly dividend, which was paid on Saturday, July 15th. Shareholders of record on Monday, July 3rd were paid a $0.40 dividend. The ex-dividend date was Thursday, June 29th. This represents a $1.60 annualized dividend and a yield of 3.77%. Liberty Property Trust’s dividend payout ratio is presently 68.38%.
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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