Capital One Financial Corp. Equities Analysts Increase Earnings Estimates for Liberty Property Trust (LPT)
Liberty Property Trust (NYSE:LPT) – Equities research analysts at Capital One Financial Corp. boosted their Q3 2016 earnings estimates for shares of Liberty Property Trust in a research note issued on Monday. Capital One Financial Corp. analyst T. Lesnick now forecasts that the brokerage will post earnings per share of $0.66 for the quarter, up from their prior forecast of $0.65. Capital One Financial Corp. has a “Overweight” rating and a $41.00 price objective on the stock.
Liberty Property Trust (NYSE:LPT) last released its quarterly earnings data on Tuesday, July 26th. The real estate investment trust reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.04. Liberty Property Trust had a return on equity of 9.36% and a net margin of 35.96%. The company had revenue of $186.65 million for the quarter, compared to analyst estimates of $191.42 million. During the same period in the prior year, the company posted $0.67 EPS. The company’s revenue was down 8.3% compared to the same quarter last year.
LPT has been the subject of a number of other research reports. BTIG Research started coverage on Liberty Property Trust in a report on Thursday, August 25th. They set a “neutral” rating for the company. Zacks Investment Research cut Liberty Property Trust from a “hold” rating to a “sell” rating in a report on Wednesday. Morgan Stanley started coverage on Liberty Property Trust in a report on Tuesday, September 6th. They set an “equal weight” rating and a $38.00 price target for the company. Finally, Citigroup Inc. lifted their price target on Liberty Property Trust from $34.00 to $41.00 and gave the stock a “neutral” rating in a report on Thursday, July 7th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $37.57.
Shares of Liberty Property Trust (NYSE:LPT) opened at 38.45 on Thursday. The company has a market capitalization of $5.64 billion, a price-to-earnings ratio of 20.40 and a beta of 0.97. Liberty Property Trust has a 1-year low of $26.94 and a 1-year high of $42.26. The stock has a 50 day moving average price of $40.37 and a 200 day moving average price of $38.15.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 17th. Shareholders of record on Monday, October 3rd will be given a dividend of $0.475 per share. The ex-dividend date is Thursday, September 29th. This represents a $1.90 annualized dividend and a yield of 4.94%. Liberty Property Trust’s dividend payout ratio (DPR) is presently 101.06%.
Several large investors have recently added to or reduced their stakes in the stock. Legal & General Group Plc increased its stake in Liberty Property Trust by 3.3% in the first quarter. Legal & General Group Plc now owns 883,262 shares of the real estate investment trust’s stock worth $29,553,000 after buying an additional 28,365 shares during the last quarter. Heitman Real Estate Securities LLC acquired a new stake in Liberty Property Trust during the first quarter worth $78,144,000. Royal Bank of Canada increased its stake in Liberty Property Trust by 5.6% in the first quarter. Royal Bank of Canada now owns 2,847,251 shares of the real estate investment trust’s stock worth $95,269,000 after buying an additional 152,216 shares during the last quarter. Geode Capital Management LLC increased its stake in Liberty Property Trust by 4.7% in the first quarter. Geode Capital Management LLC now owns 1,182,104 shares of the real estate investment trust’s stock worth $39,539,000 after buying an additional 53,472 shares during the last quarter. Finally, Norges Bank acquired a new stake in Liberty Property Trust during the fourth quarter worth $40,881,000. Institutional investors own 97.14% of the company’s stock.
About Liberty Property Trust
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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