Capital One Financial Corp. Equities Analysts Increase Earnings Estimates for Liberty Property Trust (LPT)
Liberty Property Trust (NYSE:LPT) – Stock analysts at Capital One Financial Corp. raised their Q3 2016 EPS estimates for Liberty Property Trust in a research note issued on Monday. Capital One Financial Corp. analyst T. Lesnick now forecasts that the firm will earn $0.66 per share for the quarter, up from their prior forecast of $0.65. Capital One Financial Corp. has a “Overweight” rating and a $41.00 price objective on the stock.
Liberty Property Trust (NYSE:LPT) last announced its quarterly earnings data on Tuesday, July 26th. The real estate investment trust reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.04. Liberty Property Trust had a net margin of 35.96% and a return on equity of 9.36%. The firm had revenue of $186.65 million for the quarter, compared to analyst estimates of $191.42 million. During the same quarter in the prior year, the business earned $0.67 earnings per share. The business’s quarterly revenue was down 8.3% compared to the same quarter last year.
LPT has been the topic of several other research reports. Morgan Stanley restated an “equal weight” rating and set a $38.00 price objective on shares of Liberty Property Trust in a research report on Tuesday, September 6th. BTIG Research began coverage on shares of Liberty Property Trust in a research report on Thursday, August 25th. They issued a “neutral” rating on the stock. Zacks Investment Research cut shares of Liberty Property Trust from a “buy” rating to a “hold” rating in a research report on Tuesday, June 21st. Finally, Citigroup Inc. lifted their target price on shares of Liberty Property Trust from $34.00 to $41.00 and gave the stock a “neutral” rating in a research report on Thursday, July 7th. 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. Liberty Property Trust presently has a consensus rating of “Hold” and a consensus target price of $37.57.
Liberty Property Trust (NYSE:LPT) opened at 38.45 on Thursday. Liberty Property Trust has a one year low of $26.94 and a one year high of $42.26. The firm has a market cap of $5.64 billion, a price-to-earnings ratio of 20.40 and a beta of 0.97. The stock’s 50 day moving average is $40.37 and its 200 day moving average is $38.15.
The company also recently declared a quarterly dividend, which will be paid on Monday, October 17th. Shareholders of record on Monday, October 3rd will be issued a $0.475 dividend. This represents a $1.90 dividend on an annualized basis and a yield of 4.94%. The ex-dividend date is Thursday, September 29th. Liberty Property Trust’s dividend payout ratio (DPR) is presently 101.06%.
A number of large investors have recently made changes to their positions in the company. Norges Bank purchased a new stake in shares of Liberty Property Trust during the fourth quarter worth about $40,881,000. Virginia Retirement System purchased a new stake in shares of Liberty Property Trust during the first quarter worth about $579,000. IFP Advisors Inc raised its stake in shares of Liberty Property Trust by 198.8% in the first quarter. IFP Advisors Inc now owns 7,184 shares of the real estate investment trust’s stock worth $240,000 after buying an additional 4,780 shares during the period. TIAA CREF Investment Management LLC raised its stake in shares of Liberty Property Trust by 20.2% in the first quarter. TIAA CREF Investment Management LLC now owns 290,674 shares of the real estate investment trust’s stock worth $9,726,000 after buying an additional 48,932 shares during the period. Finally, Teachers Advisors Inc. raised its stake in shares of Liberty Property Trust by 5.2% in the first quarter. Teachers Advisors Inc. now owns 142,336 shares of the real estate investment trust’s stock worth $4,763,000 after buying an additional 7,087 shares during the period. 97.14% of the stock is currently owned by institutional investors and hedge funds.
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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