FY2016 EPS Estimates for Liberty Property Trust Cut by Capital One Financial Corp. (LPT)
Liberty Property Trust (NYSE:LPT) – Investment analysts at Capital One Financial Corp. dropped their FY2016 earnings per share (EPS) estimates for shares of Liberty Property Trust in a report released on Monday. Capital One Financial Corp. analyst T. Lesnick now anticipates that the firm will post earnings per share of $2.33 for the year, down from their previous estimate of $2.35. Capital One Financial Corp. has a “Overweight” rating and a $41.00 price objective on the stock. Capital One Financial Corp. also issued estimates for Liberty Property Trust’s Q4 2016 earnings at $0.38 EPS, Q1 2017 earnings at $0.59 EPS, Q2 2017 earnings at $0.62 EPS, Q3 2017 earnings at $0.62 EPS, Q4 2017 earnings at $0.63 EPS and FY2017 earnings at $2.47 EPS.
Liberty Property Trust (NYSE:LPT) last released its earnings results on Tuesday, July 26th. The real estate investment trust reported $0.68 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.64 by $0.04. Liberty Property Trust had a return on equity of 9.36% and a net margin of 35.96%. The firm had revenue of $186.65 million for the quarter, compared to analysts’ expectations of $191.42 million. During the same quarter in the previous year, the business posted $0.67 earnings per share. The business’s revenue for the quarter was down 8.3% on a year-over-year basis.
A number of other brokerages have also recently commented on LPT. Morgan Stanley reaffirmed an “equal weight” rating and set a $38.00 price target on shares of Liberty Property Trust in a research report on Tuesday, September 6th. BTIG Research assumed coverage on Liberty Property Trust in a research report on Thursday, August 25th. They set a “neutral” rating on the stock. Citigroup Inc. upped their price target on Liberty Property Trust from $34.00 to $41.00 and gave the company a “neutral” rating in a research report on Thursday, July 7th. Finally, Zacks Investment Research cut Liberty Property Trust from a “hold” rating to a “sell” rating in a research report on Wednesday. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company’s stock. Liberty Property Trust presently has an average rating of “Hold” and an average target price of $37.57.
Liberty Property Trust (NYSE:LPT) opened at 38.59 on Wednesday. The company has a market cap of $5.66 billion, a PE ratio of 20.47 and a beta of 0.97. The firm has a 50-day moving average price of $40.42 and a 200-day moving average price of $38.11. Liberty Property Trust has a 52-week low of $26.94 and a 52-week high of $42.26.
Hedge funds have recently modified their holdings of the company. Tower Research Capital LLC TRC boosted its stake in shares of Liberty Property Trust by 35.9% in the second quarter. Tower Research Capital LLC TRC now owns 2,736 shares of the real estate investment trust’s stock worth $109,000 after buying an additional 723 shares during the period. Fort Washington Investment Advisors Inc OH bought a new stake in shares of Liberty Property Trust during the second quarter worth about $207,000. Baldwin Investment Management LLC bought a new stake in shares of Liberty Property Trust during the second quarter worth about $209,000. Hancock Holding Co. bought a new stake in shares of Liberty Property Trust during the second quarter worth about $225,000. Finally, Jane Street Group LLC bought a new stake in shares of Liberty Property Trust during the second quarter worth about $233,000. 97.14% of the stock is currently owned by institutional investors and hedge funds.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 17th. Investors of record on Monday, October 3rd will be issued a dividend of $0.475 per share. The ex-dividend date of this dividend is Thursday, September 29th. This represents a $1.90 dividend on an annualized basis and a yield of 4.92%. Liberty Property Trust’s dividend payout ratio (DPR) is 101.06%.
Liberty Property Trust Company Profile
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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