Liberty Property Trust (NYSE:LPT) – Equities research analysts at KeyCorp lifted their FY2017 EPS estimates for Liberty Property Trust in a research note issued to investors on Tuesday. KeyCorp analyst C. Mailman now forecasts that the real estate investment trust will post earnings of $2.52 per share for the year, up from their prior estimate of $2.48. KeyCorp also issued estimates for Liberty Property Trust’s FY2018 earnings at $2.61 EPS.

Liberty Property Trust (NYSE:LPT) last issued its earnings results on Tuesday, July 25th. The real estate investment trust reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.03. The company had revenue of $183.13 million for the quarter, compared to the consensus estimate of $175.60 million. Liberty Property Trust had a return on equity of 11.37% and a net margin of 47.24%. The firm’s quarterly revenue was down 1.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.68 EPS.

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Several other analysts also recently issued reports on LPT. Stifel Nicolaus boosted their price target on Liberty Property Trust from $42.00 to $44.00 and gave the company a “buy” rating in a research note on Wednesday, April 26th. BidaskClub downgraded Liberty Property Trust from a “buy” rating to a “hold” rating in a research note on Wednesday, June 21st. Finally, Zacks Investment Research upgraded Liberty Property Trust from a “hold” rating to a “buy” rating and set a $46.00 price target for the company in a research note on Wednesday, June 28th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company. Liberty Property Trust presently has a consensus rating of “Hold” and a consensus price target of $42.33.

Shares of Liberty Property Trust (NYSE:LPT) traded up 0.17% during trading on Wednesday, hitting $42.14. The stock had a trading volume of 108,363 shares. Liberty Property Trust has a 1-year low of $36.22 and a 1-year high of $42.80. The company has a market capitalization of $6.18 billion, a price-to-earnings ratio of 18.02 and a beta of 0.88. The firm has a 50 day moving average of $41.50 and a 200 day moving average of $40.26.

Several hedge funds have recently added to or reduced their stakes in the stock. Robecosam AG increased its stake in Liberty Property Trust by 107.7% in the first quarter. Robecosam AG now owns 2,700 shares of the real estate investment trust’s stock worth $103,000 after buying an additional 1,400 shares during the last quarter. First Quadrant L P CA bought a new stake in Liberty Property Trust during the first quarter worth $136,000. Mn Services Vermogensbeheer B.V. increased its stake in Liberty Property Trust by 5.5% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 3,920 shares of the real estate investment trust’s stock worth $141,000 after buying an additional 206 shares during the last quarter. Gilbert & Cook Inc. bought a new stake in Liberty Property Trust during the second quarter worth $203,000. Finally, Envestnet Asset Management Inc. increased its stake in Liberty Property Trust by 25.0% in the first quarter. Envestnet Asset Management Inc. now owns 5,736 shares of the real estate investment trust’s stock worth $223,000 after buying an additional 1,148 shares during the last quarter. Hedge funds and other institutional investors own 91.36% of the company’s stock.

The business also recently announced a quarterly dividend, which was paid on Saturday, July 15th. Stockholders of record on Monday, July 3rd were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Thursday, June 29th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.80%. Liberty Property Trust’s payout ratio is 68.38%.

Liberty Property Trust Company Profile

Liberty Property Trust (the Trust) is a self-administered and self-managed Maryland real estate investment trust (REIT). The Trust’s assets are owned directly or indirectly, and substantially all of the Trust’s operations are conducted directly or indirectly, by its subsidiary, Liberty Property Limited Partnership (the Operating Partnership).

Earnings History and Estimates for Liberty Property Trust (NYSE:LPT)

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