Liberty Property Trust (LPT) Reaches New 52-Week High at $42.01
Liberty Property Trust (NYSE:LPT)’s share price reached a new 52-week high during trading on Friday . The company traded as high as $42.01 and last traded at $41.65, with a volume of 354,258 shares traded. The stock had previously closed at $40.88.
A number of equities analysts have commented 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. lifted their target price on Liberty Property Trust from $34.00 to $41.00 and gave the company a “neutral” rating in a research note on Thursday, July 7th. Ten research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $36.50.
The firm has a market capitalization of $6.12 billion and a price-to-earnings ratio of 22.14. The stock has a 50-day moving average of $40.46 and a 200 day moving average of $36.33.
Liberty Property Trust (NYSE:LPT) last released its earnings results on Tuesday, July 26th. The real estate investment trust reported $0.68 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.64 by $0.04. The firm 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 firm earned $0.67 EPS. The firm’s revenue was down 8.3% on a year-over-year basis. Analysts anticipate that Liberty Property Trust will post $2.35 EPS for the current 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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