Liberty Property Trust (LPT) Reaches New 12-Month High at $42.01
Liberty Property Trust (NYSE:LPT) shares reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $42.01 and last traded at $41.65, with a volume of 354,258 shares. The stock had previously closed at $40.88.
Several research analysts have issued reports on the stock. BTIG Research assumed coverage on shares of Liberty Property Trust in a research report on Thursday, August 25th. They issued a “neutral” rating on the stock. Citigroup Inc. lifted their price objective on shares of Liberty Property Trust from $34.00 to $41.00 and gave the stock a “neutral” rating in a research report on Thursday, July 7th. Finally, Zacks Investment Research cut shares of Liberty Property Trust from a “buy” rating to a “hold” rating in a research report on Tuesday, June 21st. Ten investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $36.50.
The stock’s 50 day moving average price is $40.46 and its 200 day moving average price is $36.36. The company has a market capitalization of $6.14 billion and a P/E ratio of 22.19.
Liberty Property Trust (NYSE:LPT) last announced its earnings results on Tuesday, July 26th. The real estate investment trust reported $0.68 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.64 by $0.04. The company had revenue of $186.65 million for the quarter, compared to analyst estimates of $191.42 million. Liberty Property Trust’s revenue for the quarter was down 8.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.67 earnings per share. On average, equities research analysts expect that Liberty Property Trust will post $2.35 earnings per share for the current fiscal year.
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.
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