Liberty Prop (LRY) Issues Q4 Earnings Guidance
Liberty Prop (LRY) updated its fourth quarter earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $0.62-0.64 for the period.
Liberty Prop (LRY) traded down 1.17% on Tuesday, hitting $36.46. Liberty Prop (LRY) has a 1-year low of $28.04 and a 1-year high of $38.86. The company has a market cap of $4.296 billion and a price-to-earnings ratio of 36.96.
Liberty Prop last released its earnings data on Tuesday, October 23rd. The company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.01. The company’s revenue for the quarter was up 3.9% on a year-over-year basis. Analysts expect that Liberty Prop (LRY) will post $2.59 EPS for the current fiscal year.
On a related note, analysts at Zacks reiterated a neutral rating on shares of Liberty Prop in a research note to investors on Wednesday, July 25th. They now have a $37.00 price target on the stock.
Liberty Property Trust (the Trust) is a self-administered and self-managed Maryland real estate investment trust (REIT).
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