Liberty Property Trust (LPT) Upgraded to “Overweight” at Capital One Financial Corp.
Capital One Financial Corp. upgraded shares of Liberty Property Trust (NYSE:LPT) from an equal weight rating to an overweight rating in a research note released on Tuesday. The brokerage currently has $41.00 price target on the real estate investment trust’s stock.
Other equities analysts have also recently issued reports about the stock. Morgan Stanley began coverage on shares of Liberty Property Trust in a research note on Tuesday, September 6th. They issued an equal weight rating and a $38.00 price objective for the company. Citigroup Inc. lifted their price objective on shares of Liberty Property Trust from $34.00 to $41.00 and gave the stock a neutral rating in a research note on Thursday, July 7th. Zacks Investment Research raised shares of Liberty Property Trust from a hold rating to a buy rating and set a $43.00 price objective for the company in a research note on Monday, June 20th. Finally, BTIG Research began coverage on shares of Liberty Property Trust in a research note on Thursday, August 25th. They issued a neutral rating for the company. Nine analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of Hold and an average target price of $37.57.
Liberty Property Trust (NYSE:LPT) traded down 0.95% during trading on Tuesday, reaching $38.73. 192,942 shares of the company were exchanged. Liberty Property Trust has a 1-year low of $26.94 and a 1-year high of $42.26. The company’s 50-day moving average price is $40.50 and its 200-day moving average price is $38.10. The stock has a market capitalization of $5.68 billion, a P/E ratio of 20.55 and a beta of 0.97.
Liberty Property Trust (NYSE:LPT) last announced its quarterly earnings results on Tuesday, July 26th. The real estate investment trust reported $0.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.04. The company had revenue of $186.65 million for the quarter, compared to the consensus estimate of $191.42 million. Liberty Property Trust had a net margin of 35.96% and a return on equity of 9.36%. Liberty Property Trust’s revenue for the quarter was down 8.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.67 EPS. On average, equities analysts forecast that Liberty Property Trust will post $2.35 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 17th. Shareholders of record on Monday, October 3rd will be given a $0.475 dividend. The ex-dividend date is Thursday, September 29th. This represents a $1.90 annualized dividend and a yield of 4.86%. Liberty Property Trust’s dividend payout ratio (DPR) is 101.06%.
A number of large investors have recently added to or reduced their stakes in LPT. Legal & General Group Plc boosted its stake in Liberty Property Trust by 3.3% in the first quarter. Legal & General Group Plc now owns 883,262 shares of the real estate investment trust’s stock valued at $29,553,000 after buying an additional 28,365 shares during the period. Heitman Real Estate Securities LLC bought a new stake in Liberty Property Trust during the first quarter valued at about $78,144,000. Royal Bank of Canada boosted its stake in Liberty Property Trust by 5.6% in the first quarter. Royal Bank of Canada now owns 2,847,251 shares of the real estate investment trust’s stock valued at $95,269,000 after buying an additional 152,216 shares during the period. Geode Capital Management LLC boosted its stake in Liberty Property Trust by 4.7% in the first quarter. Geode Capital Management LLC now owns 1,182,104 shares of the real estate investment trust’s stock valued at $39,539,000 after buying an additional 53,472 shares during the period. Finally, Norges Bank bought a new stake in Liberty Property Trust during the fourth quarter valued at about $40,881,000. 97.14% of the stock is owned by institutional investors.
About Liberty Property Trust
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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