Liberty Property Trust (LPT) to Issue Quarterly Dividend of $0.40 on October 15th
Liberty Property Trust (NYSE:LPT) declared a quarterly dividend on Friday, September 8th, Wall Street Journal reports. Stockholders of record on Monday, October 2nd will be paid a dividend of 0.40 per share by the real estate investment trust on Sunday, October 15th. This represents a $1.60 annualized dividend and a dividend yield of 3.83%. The ex-dividend date is Friday, September 29th.
Liberty Property Trust has a dividend payout ratio of 63.5% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Liberty Property Trust to earn $2.62 per share next year, which means the company should continue to be able to cover its $1.60 annual dividend with an expected future payout ratio of 61.1%.
Liberty Property Trust (NYSE:LPT) opened at 41.80 on Friday. The company has a market capitalization of $6.16 billion, a price-to-earnings ratio of 17.88 and a beta of 0.88. Liberty Property Trust has a 12 month low of $36.22 and a 12 month high of $43.70. The stock’s 50 day moving average price is $42.09 and its 200 day moving average price is $40.97.
Liberty Property Trust (NYSE:LPT) last posted its earnings results on Tuesday, July 25th. The real estate investment trust reported $0.65 EPS for the quarter, topping 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 revenue for the quarter was down 1.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.68 earnings per share. Equities research analysts anticipate that Liberty Property Trust will post $1.23 earnings per share for the current fiscal year.
LPT has been the topic of a number of research analyst reports. Stifel Nicolaus reiterated a “buy” rating and issued a $44.00 target price on shares of Liberty Property Trust in a research report on Thursday, July 6th. Zacks Investment Research downgraded Liberty Property Trust from a “buy” rating to a “hold” rating in a research report on Monday, September 4th. KeyCorp reiterated a “hold” rating on shares of Liberty Property Trust in a research report on Friday, August 25th. Finally, BidaskClub downgraded Liberty Property Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, June 21st. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company’s stock. Liberty Property Trust has a consensus rating of “Hold” and a consensus price target of $43.60.
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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).
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