Liberty Property Trust (LPT) Expected to Post Earnings of $0.63 Per Share
Wall Street brokerages expect Liberty Property Trust (NYSE:LPT) to post $0.63 earnings per share (EPS) for the current quarter, Zacks reports. Three analysts have issued estimates for Liberty Property Trust’s earnings, with estimates ranging from $0.61 to $0.64. Liberty Property Trust reported earnings per share of $0.37 in the same quarter last year, which suggests a positive year-over-year growth rate of 70.3%. The company is scheduled to issue its next earnings report on Tuesday, October 24th.
According to Zacks, analysts expect that Liberty Property Trust will report full year earnings of $2.52 per share for the current financial year, with EPS estimates ranging from $2.50 to $2.53. For the next year, analysts anticipate that the firm will post earnings of $2.62 per share, with EPS estimates ranging from $2.60 to $2.65. Zacks’ earnings per share calculations are an average based on a survey of research firms that that provide coverage for Liberty Property Trust.
Liberty Property Trust (NYSE:LPT) last issued its quarterly earnings results on Tuesday, July 25th. The real estate investment trust reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.03. The business had revenue of $183.13 million during the quarter, compared to analysts’ expectations 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 revenue for the quarter was down 1.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.68 earnings per share.
A number of research analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Liberty Property Trust from a “hold” rating to a “buy” rating and set a $47.00 price objective for the company in a research note on Wednesday, August 16th. BidaskClub lowered shares of Liberty Property Trust from a “buy” rating to a “hold” rating in a research note on Wednesday, June 21st. KeyCorp reiterated a “hold” rating on shares of Liberty Property Trust in a research note on Friday, August 25th. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $44.00 price objective on shares of Liberty Property Trust in a research note on Thursday, July 6th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $43.60.
A number of large investors have recently made changes to their positions in LPT. Robecosam AG boosted its holdings in Liberty Property Trust by 107.7% in the 1st quarter. Robecosam AG now owns 2,700 shares of the real estate investment trust’s stock valued at $103,000 after purchasing an additional 1,400 shares during the period. Advisor Group Inc. boosted its holdings in Liberty Property Trust by 3.9% in the 2nd quarter. Advisor Group Inc. now owns 2,585 shares of the real estate investment trust’s stock valued at $105,000 after purchasing an additional 98 shares during the period. Commonwealth Bank of Australia boosted its holdings in Liberty Property Trust by 4.8% in the 2nd quarter. Commonwealth Bank of Australia now owns 3,119 shares of the real estate investment trust’s stock valued at $126,000 after purchasing an additional 143 shares during the period. Gilbert & Cook Inc. bought a new position in Liberty Property Trust in the 2nd quarter valued at $203,000. Finally, Virtu KCG Holdings LLC bought a new position in Liberty Property Trust in the 2nd quarter valued at $212,000. 91.65% of the stock is owned by hedge funds and other institutional investors.
Shares of Liberty Property Trust (NYSE LPT) opened at 42.43 on Thursday. The company has a market capitalization of $6.25 billion, a PE ratio of 18.15 and a beta of 0.88. The company has a 50 day moving average price of $42.09 and a 200 day moving average price of $40.97. Liberty Property Trust has a 52 week low of $36.22 and a 52 week high of $43.70.
The company also recently declared a quarterly dividend, which will be paid on Sunday, October 15th. Shareholders of record on Monday, October 2nd will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 3.77%. The ex-dividend date is Friday, September 29th. Liberty Property Trust’s payout ratio is 68.38%.
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About Liberty Property Trust
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).
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