Liberty Property Trust (LPT) to Release Earnings on Tuesday
Liberty Property Trust (NYSE:LPT) is set to post its quarterly earnings results before the market opens on Tuesday, October 24th. Analysts expect Liberty Property Trust to post earnings of $0.34 per share for the quarter.
Liberty Property Trust (NYSE:LPT) last announced its quarterly earnings results on Tuesday, July 25th. The real estate investment trust reported $0.65 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.62 by $0.03. The company had revenue of $183.13 million during 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%. Liberty Property Trust’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 EPS. On average, analysts expect Liberty Property Trust to post $2.52 EPS for the current fiscal year and $2.62 EPS for the next fiscal year.
Shares of Liberty Property Trust (LPT) opened at 41.82 on Tuesday. Liberty Property Trust has a one year low of $36.22 and a one year high of $43.70. The stock has a market capitalization of $6.16 billion, a P/E ratio of 17.89 and a beta of 0.88. The firm’s 50-day moving average price is $42.12 and its 200-day moving average price is $41.40.
The company also recently disclosed a quarterly dividend, which was paid on Sunday, October 15th. Shareholders of record on Monday, October 2nd were given a $0.40 dividend. The ex-dividend date of this dividend was Friday, September 29th. This represents a $1.60 dividend on an annualized basis and a yield of 3.83%. Liberty Property Trust’s payout ratio is currently 68.38%.
Liberty Property Trust declared that its board has authorized a share repurchase plan on Monday, October 2nd that permits the company to repurchase $250.00 million in shares. This repurchase authorization permits the real estate investment trust to purchase shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its stock is undervalued.
A number of research firms have weighed in on LPT. Zacks Investment Research raised shares of Liberty Property Trust from a “hold” rating to a “buy” rating and set a $48.00 price objective for the company in a research report on Tuesday, September 12th. Stifel Nicolaus reissued a “buy” rating and issued a $44.00 price objective on shares of Liberty Property Trust in a research report on Thursday, September 21st. KeyCorp reissued a “hold” rating on shares of Liberty Property Trust in a research report on Friday, August 25th. Finally, BidaskClub cut shares of Liberty Property Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, June 21st. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company’s stock. Liberty Property Trust presently has an average rating of “Hold” and a consensus price target of $43.60.
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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