Liberty Property Trust (LPT) Sees Large Volume Increase
Shares of Liberty Property Trust (NYSE:LPT) saw strong trading volume on Wednesday . 1,903,086 shares traded hands during mid-day trading, an increase of 151% from the previous session’s volume of 757,839 shares.The stock last traded at $41.23 and had previously closed at $40.87.
Several research analysts have weighed in on the company. Zacks Investment Research downgraded Liberty Property Trust from a “buy” rating to a “hold” rating in a research note on Tuesday, June 21st. BTIG Research assumed coverage on Liberty Property Trust in a research note on Thursday, August 25th. They issued a “neutral” rating for the company. Finally, Citigroup Inc. upped their price target on Liberty Property Trust from $34.00 to $41.00 and gave the stock a “neutral” rating in a research note on Thursday, July 7th. Ten analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Liberty Property Trust currently has an average rating of “Hold” and a consensus target price of $36.50.
The company’s 50-day moving average price is $40.47 and its 200-day moving average price is $36.33. The stock has a market capitalization of $6.05 billion and a PE ratio of 21.87.
Liberty Property Trust (NYSE:LPT) last announced its quarterly earnings data on Tuesday, July 26th. The real estate investment trust reported $0.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.04. The firm earned $186.65 million during the quarter, compared to analysts’ expectations of $191.42 million. During the same quarter in the previous year, the business earned $0.67 earnings per share. The company’s revenue for the quarter was down 8.3% compared to the same quarter last year. Analysts predict 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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