Brokerages Set Liberty Property Trust (LPT) Target Price at $36.67
Liberty Property Trust (NYSE:LPT) has received a consensus rating of “Hold” from the twelve research firms that are covering the company. One research analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $36.67.
LPT has been the topic of a number of analyst reports. Zacks Investment Research raised Liberty Property Trust from a “hold” rating to a “buy” rating and set a $43.00 price target on the stock in a research report on Monday, June 20th. Citigroup Inc. increased their price target on Liberty Property Trust from $34.00 to $41.00 and gave the company a “neutral” rating in a research report on Thursday, July 7th. BTIG Research initiated coverage on Liberty Property Trust in a research report on Thursday, August 25th. They issued a “neutral” rating on the stock. Morgan Stanley reaffirmed an “equal weight” rating and issued a $38.00 price target on shares of Liberty Property Trust in a research report on Tuesday, September 6th. Finally, Capital One Financial Corp. raised Liberty Property Trust from an “equal weight” rating to an “overweight” rating and set a $41.00 price target on the stock in a research report on Tuesday, October 4th.
Shares of Liberty Property Trust (NYSE:LPT) opened at 39.91 on Wednesday. Liberty Property Trust has a 52-week low of $26.94 and a 52-week high of $42.26. The firm has a 50-day moving average price of $40.19 and a 200 day moving average price of $38.35. The stock has a market cap of $5.86 billion, a price-to-earnings ratio of 21.17 and a beta of 0.97.
Liberty Property Trust (NYSE:LPT) last posted its quarterly earnings results on Tuesday, July 26th. The real estate investment trust reported $0.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 had a return on equity of 9.36% and a net margin of 35.96%. Liberty Property Trust’s revenue for the quarter was down 8.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.67 EPS. Analysts expect that Liberty Property Trust will post $2.35 earnings per share for the current year.
The company also recently declared 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. This represents a $1.90 annualized dividend and a yield of 4.76%. The ex-dividend date of this dividend is Thursday, September 29th. Liberty Property Trust’s dividend payout ratio (DPR) is 101.06%.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Northwestern Mutual Investment Management Company LLC raised its position in Liberty Property Trust by 0.3% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 25,313 shares of the real estate investment trust’s stock valued at $1,005,000 after buying an additional 87 shares during the period. Genesee Valley Trust Co. raised its position in Liberty Property Trust by 2.9% in the second quarter. Genesee Valley Trust Co. now owns 7,222 shares of the real estate investment trust’s stock valued at $287,000 after buying an additional 205 shares during the period. CIBC Asset Management Inc raised its position in Liberty Property Trust by 2.0% in the second quarter. CIBC Asset Management Inc now owns 11,899 shares of the real estate investment trust’s stock valued at $473,000 after buying an additional 233 shares during the period. Aviva PLC raised its position in Liberty Property Trust by 0.4% in the first quarter. Aviva PLC now owns 76,662 shares of the real estate investment trust’s stock valued at $2,565,000 after buying an additional 278 shares during the period. Finally, Fiduciary Financial Services of The Southwest Inc. TX raised its position in Liberty Property Trust by 2.3% in the second quarter. Fiduciary Financial Services of The Southwest Inc. TX now owns 16,431 shares of the real estate investment trust’s stock valued at $653,000 after buying an additional 370 shares during the period. 97.08% of the stock is currently owned by institutional investors.
Liberty Property Trust Company Profile
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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